over 1 year ago -

Vietnam: Hiring intentions strengthen in the 1st half of 2021

Vietnam: Hiring intentions strengthen in the 1st half of 2021

​Vietnam, 23/02/2021. According to the latest ManpowerGroup Vietnam’s 2021 Employment Outlook survey, employers in various industries are expecting the hiring intentions to recover and improve in the first half of 2021, despite the ongoing impact of COVID-19 pandemic. The survey was conducted with 442 representatives in HR and Talent Acquisition roles from 16 different industries.

At the time of the survey, while 36.4% reported that their businesses were slightly impacted by the pandemic, nearly 50% said they still operated normally under the impact of the crisis. However, given the fact that Vietnam recorded another wave of community transmission in late January 2021, and due to the pandemic complexity across health and socio–economic aspects, businesses, notably small and medium ones, are to be well prepared for challenges ahead.

According to the General Statistics Office (GSO)1, Vietnam is among several ASEAN economies to have attained positive growth with GDP of 2.9% in 2020, despite complicated and swift evolution of the COVID-19 pandemic around the world. Manufacturing & Processing is likely to grow stronger in the long term playing a key role in leading the local economy growth by contributing 1.25% to the economy.

Positive economic growth would likely boost confidence for employers to recruit more in the future. Hiring sentiments strengthened significantly when compared with the second half of 2020. Up to 56% of surveyed employers anticipated an increase in their employment and 37% said they would maintain the number of headcounts. Only 6.6% of respondents announced to trim hiring activities.

Ms. Le Thi Kim, Head of Staffing & Outsourcing, North, ManpowerGroup Vietnam shared “Vietnam has many advantages to attract foreign investment in many areas thanks to the abundant young workforce, ready to meet the diverse needs of employers. Currently, we have received numerous recruitment orders from domestic and foreign enterprises, especially in Manufacturing & Processing such as electronic components assembly, manufacturing and assembling cars, motorcycles, packaging, warehouse & transportation etc."

According to the survey, the employment outlook is very positive with up to 66% of the employers expecting their hiring plans to increase within the next three months, followed by 22% foreseeing that within the next six months. Strongest recruitment plans for the next three to six months were reported in Manufacturing & Processing, Construction, Wholesales, Retail and Trading, Transport and Logistics. Construction sector also kicked back thanks to the economic growth, accounting for 19% of those planning to hire in the first half of 2021, similar to that of Manufacturing & Processing.

Ms. Nguyen Thu Trang, Country Head of Permanent Recruitment, Executive Search and Consulting Services, ManpowerGroup Vietnam, shared “Thanks to the effective control measurements and the strong anti-epidemic compliance of the Vietnamese people, the local economy is showing signs of positive recovery. In addition, foreign investment continues to flow into Vietnam, creating more business and job opportunities in the country. From our observation, the labor market is seeing a strong increase in demand for positions that require digital-related skills such as Business Analysts, Digital Transformation, Cybersecurity, Fintech, Software Engineer, etc.”

In tandem with the positive hiring outlook, when asked what human resources services they plan to use from workforce solutions providers, 31% of the employers choose Permanent Recruitment & Executive Search services, closely followed by 30% opting for Outsourcing services. Payroll and Recruitment Processing Outsourcing (RPO) services were picked by about 13% and 11% respondents respectively.

About ManpowerGroup

ManpowerGroup® (NYSE: MAN), the leading global workforce solutions company, helps organizations transform in a fast-changing world of work by sourcing, assessing, developing and managing the talent that enables them to win. We develop innovative solutions for hundreds of thousands of organizations every year, providing them with skilled talent while finding meaningful, sustainable employment for millions of people across a wide range of industries and skills. Our expert family of brands – Manpower, Experis and Talent Solutions – creates substantial value for candidates and clients across more than 75 countries and territories and has done so for over 70 years. We are recognized consistently for our diversity - as a best place to work for Women, Inclusion, Equality and Disability and in 2020 ManpowerGroup was named one of the World's Most Ethical Companies for the eleventh year - all confirming our position as the brand of choice for in-demand talent.

About the survey

This survey was conducted online by ManpowerGroup Vietnam Research Team from 14th to 28th January 2021 with 442 employers in 16 industries nationwide. The respondents are Human Resources Managers, Talent Acquisition Managers and Specialists from diversified industries, including Manufacturing & Processing, Information & Communications Technology, Food & Beverage, Construction, Real Estate, Wholesale, Retail and Trading, Transport and Logistics, Aviation, Hospitality etc. Approximately 18% of the respondents are from corporations with more than 250 staffs.

Nguyen Dinh Hoang Yen – Marketing and PR Manager – email: yen.nguyenhoang@manpower.com.vn - Tel: +84 28 3911 0950 (ext. 125)