Labour market set for recovery in 2024
Vietnam’s job market is poised to bounce back in 2024. (Photo: VNA)
Vietnam’s job market is poised to bounce back in 2024, driven by better purchasing power that is sparked by a recovery in private investment and wage reform, according to the Ministry of Labour, Invalids and Social Affairs.
The ministry said that despite global economic headwinds posed by military conflicts, exports are expected to enjoy a strong recovery as demand warms up.
In the time ahead, completing labour institutions as well as promoting law enforcement is important for the sector, as it contributes to the nation’s socioeconomic development.
The Government plans to issue an action plan to roll out the Party Central Committee’s resolution on improving the quality of social policies, while completing and submitting to the National Assembly the amended law on social insurance and giving opinions on the revised employment law.
It will continue keeping a close watch on the development of the job market, carrying out measures to keep employees at work, maintaining the labour supply chain, reducing labour shortages and promoting harmonious labour relations.
The Ministry of Labour, Invalids and Social Affairs will work to maintain the labour supply chain. (Photo: VNA)
Additionally, the sector will review and study production and business situations as well as recruitment need, particularly that of FDI firms and labour-intensive industries. The sector will also organise job fairs to provide opportunities for job seekers.
Sustainable job generation and effective manpower utilisation will be promoted through various programmes, projects and policies, with a focus on specialised workers, and those who require assistance.
The sector needs to pay due attention to vocational training and retraining at enterprises, industrial parks and business establishments so that workers are able to meet requirements of their employers./.
Related News
Latest News
Enterprises focus on Tet care for employees
18:59 | 22/12/2024 Headlines
Experts point out economic growth drivers, challenges for next year
18:57 | 22/12/2024 Headlines
Việt Nam’s GDP growth to outpace region peers: Oxford Economics
20:30 | 21/12/2024 Headlines
PM asks efforts to achieve more than 8 per cent economic growth in 2025
20:27 | 21/12/2024 Headlines
More News
Việt Nam's administrative restructuring will not impact foreign investors, says Foreign Ministry
20:25 | 21/12/2024 Headlines
Vietnam’s GDP growth to outpace region peers: Oxford Economics
09:39 | 20/12/2024 Headlines
Government Party Organisation must be elite, streamlined, ensure effective operations: PM
09:34 | 20/12/2024 Headlines
Vietnam among Asia’s 15 largest economies
15:42 | 19/12/2024 Headlines
Chinese media praises Vietnam’s economic achievements, outlook
15:40 | 19/12/2024 Headlines
Vietnam International Defence Expo 2024 opens
15:37 | 19/12/2024 Headlines
Vietnam sees growing number of Chinese investors: forum
15:37 | 18/12/2024 Headlines
Border gate planning: Issues for Lang Son
10:02 | 17/12/2024 Headlines
Vietnam’s GDP growth poised for robust growth in 2024: officials
13:50 | 16/12/2024 Headlines
Your care
Enterprises focus on Tet care for employees
18:59 | 22/12/2024 Headlines
Experts point out economic growth drivers, challenges for next year
18:57 | 22/12/2024 Headlines
Việt Nam’s GDP growth to outpace region peers: Oxford Economics
20:30 | 21/12/2024 Headlines
PM asks efforts to achieve more than 8 per cent economic growth in 2025
20:27 | 21/12/2024 Headlines
Việt Nam's administrative restructuring will not impact foreign investors, says Foreign Ministry
20:25 | 21/12/2024 Headlines