HCMC – The latest report of the job online recruitment website Vietnam Works showed both labor demand and supply in the country soared in the first quarter of this year, but supply grew stronger than demand.

Quarter one saw recruitment demand expanding 23% over the year-earlier period while labor supply jumped 38% year-on-year, according to the Report on Recruitment Demand and Labor Supply in Vietnam Market in Quarter One that Vietnam Works announced on April 26.

VietnamWorks said the report was compiled based on the data collected from jobs posted and job applications on vietnamworks.com.

The report revealed the top five industries and job categories in terms of recruitment demand growth. They were electric/electronics with an increase of 67%, executive officer/manager with 104%, construction with 46%, public relations (PR)/advertising with 35% and customer service with 51%.

Meanwhile, the highest numbers of job applications belong to education, electric/electronics, executive officer/manager, architecture/interior design and customer service.

Regarding recruitment demand, the information technology (IT) industry took the lead in the January-March period, followed by administrative/secretary, accountant, customer service, PR/advertising, manufacturing, architecture/interior design, construction, marketing and sales.

HCMC and Hanoi were the two hottest locations for recruitment demand in Vietnam in the first quarter of 2017. Other localities in the top five were Binh Duong, Danang and Bac Ninh.

The report said although Bac Ninh was fifth in the top five, the northern province was in the top three in terms of competition on employment with a competition rate of 1/42. This meant every candidate in Bac Ninh had to compete with other 41 candidates to land a new job.

The competition in Bac Ninh was higher than in Hanoi and the southern province of Binh Duong that share the same rate of 1/38, and Danang with 1/37, but lower than HCMC with 1/46.

VietnamWorks reasoned the high competition rate in Bac Ninh was that the first three months are the peak time for recruitment in the manufacturing industry.

“That is the time for massive recruitment of manufacturing companies and many of them located in Bac Ninh. In spite of the high competition rate, it is still difficult for them to recruit many high skillful positions, such as production managers, technical engineers, quality control engineers…,” VietnamWorks said.

The administrative/secretary sector held the highest competition rate of 1/66, followed by accountant with 1/61, import/export with 1/56, manufacturing with 1/51 and health service/biotechnology with 1/47.

Vietnam Works said its website attracts more than three million visits a month. Since its launch in 2002, it has helped deliver jobs to over 2.4 million registered professionals and has provided recruitment solutions to more than 8,500 companies.

Copyright by The Sai Gon Times

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