The Electrical - Electronic industry, Mechanical industry and Wooden furniture industry decreased 70% of hiring demand
During the pandemic, some firms decided to temporarily close or still apply the 3T policy but no longer focus on recruitment activities since 3T policy is so costly. Therefore, the recruitment demand reduced by 70% compared to the same period in the third quarter of 2020.
In the next 6 months, the Electrical - Electronic industries can recover, but at a slow speed because the production orders of the fourth quarter of 2021 have been shifted to other countries.
Energy companies continue to record a decrease in recruitment demand in the fourth quarter of 2021
Navigos Search recorded a decrease in recruitment demand and salary for positions in this industry over the past time. Moreover, businesses tend to consider recruiting candidates currently in Vietnam or transferring personnel from the same group but working in other countries back to Vietnam other than recruiting new external candidates.
It is expected that the Energy industry will continue to record a decrease in recruitment demand in the fourth quarter of 2021.
Many fast moving consumer goods (FMCG) and retail enterprises postpone or stop hiring in Q4/2021
To ensure safety, candidates in this field are not open to new job opportunities. Therefore, the market witnesses a shortage of potential candidates for the positions in need.
In the fourth quarter, the recruitment demand in the retail industry is forecasted to increase slightly in early 2022 since businesses will gradually open. Companies in the Commercial Consumer goods industry are still recruiting, however, the forecast in the fourth quarter expects the recruitment demand may decrease slightly compared to the third quarter.
Textile and Garment manufacturers and companies in the North of Vietnam still maintain good production
Most of the textile and garment enterprises in the North are still maintaining good production at present, with an increasing number of orders from other regions in Asia and the need to recruit more workers.
The hiring forecast to increase but not too much. In addition, the recruitment mostly serves to replace missing positions, or adapt high-skills and techniques-required positions.
Banking companies’ race towards digital transformation leads to an increase in high-quality personnel recruitment demand
Not only large-scale banks, smaller banks and some securities companies have also planned and invested in the digital transformation. Accordingly, the demand for personnel at all levels for the positions of Information Technology, Digital Transformation continues to increase.
Many big enterprises in the electronics industry continue to invest or expand production in Vietnam
The market witnessed a constant investment and production expansion of many large electronics enterprises in Vietnam. Several businesses in the North still maintained good production activities as they have received back many orders from other branches that are affected by Covid.
Besides, the market also observed a large recruitment demand for candidates that can speak Chinese due to the shift of businesses from China to Vietnam.