According to experts, the labour market will be still in a ‘fever’ in the remaining months of the year.

HCM City is taking the lead in making jobs, accounting for 50% of the total new jobs created in the seven months, followed by Hanoi, Binh Duong, Dong Nai, Bac Ninh and Hai Duong.

The need for labour will not decline

According to statistics by the HCM City Department of Labour, War Invalids and Social Affairs, the city created jobs for nearly 134,000 people in the first half of 2007 through organising labour trading floors, job festivals, recruitment activities.

However, the city’s efforts have only helped partly satisfy the thirst for labour of local enterprises at this moment.

Shortages of labour are not only happening at enterprises in certain fields but all enterprises. With the high demand for labour, labourers have many choices of jobs, which causes the situation in which workers run from this enterprise to another very quickly. Economic development has led to changes in the labour market when the need is soaring but the source of supply is unready.

Labour transaction sessions held by the HCM City Job Service Centre are always full of orders from businesses. The third transaction floor on July 20-21 saw requests for 15,000 labourers and it was more than 10,000 for previous sessions.

Imbalance between supply and demand of labour

A survey of the HCM City Job Service Centre shows that the serious shortage of labour continues to occur at textile-garment, footwear, wood processing enterprises and in the tourism field.

According to Navigos’ recent human resources report, the need for labour of 45/46 fields increased remarkably in the second quarter of 2007, focusing on jobs that require high skills and qualifications.

Recently, banks expanded their networks and as a result, their human resources increased by 57% in the second quarter, followed by accounting and financial institutions with 42%, waste treatment with more than 40%, real estate and translation, 39%.

Though the supply of labour rose in the second quarter the source of supply didn’t catch up with the demand: the supply increased by 30% while the demand was up by 142% compared to the first quarter.

Labour shortage, thus, is forecast to not be solved in the remaining months of the year.

Source: TB KTVN.