Việt Nam moves to strongly integrate into int’l labour market

September, 12/2022 - 06:52
There are more than 600,000 Vietnamese employees working in 40 countries and territories worldwide with stable income, sending home US$3.5 billion worth of remittances per year.
Workers of the Coastal Fisheries Development Corporation (COFIDEC) in Vĩnh Lộc IP, Binh Chanh district, HCM City. VNA/VNS Photo Hồng Đạt

HÀ NỘI – Việt Nam is striving to develop a modern and internationally integrated labour market, considering this key to a strong global connection and ensure domestic harmonisation.

After 35 years of the Đổi mới (Renewal) process, Việt Nam's labour market has witnessed a remarkable development in both scale and quality, deeply integrating into the international market.

Strong solutions to restructure the national economy, improve the business environment, attract investment and promote production and business in recent years have contributed to restructuring the labour force and increasing the number of labourers working in enterprises and production and business establishments.

Policies, programmes and measures to generate jobs have been implemented synchronously and effectively, ensuring labour supply.

From approximately 28 million people in 1986, Việt Nam’s labour force has increased to more than 51 million by mid-2022. The percentage of trained labourers in 2015 was 49 per cent, and rose to 67 per cent in the first six months of this year.

Sending labourers to work abroad under contract has also produced a good performance. There are more than 600,000 Vietnamese employees working in 40 countries and territories worldwide with stable income, sending home US$3.5 billion worth of remittances per year.

The number of guest workers has increased gradually through years, with an average growth of 10 per cent per year.

According to Minister of Labour, Invalids and Social Affairs Đào Ngọc Dung, the ministry has set out many tasks and solutions, focusing on strengthening communication work to affirm the transparency of the Vietnamese labour market, as well as its ability to supply human resources meeting requirements of enterprises.

Attention has also paid to evaluating the demand for human resources of foreign businesses investing in Việt Nam, managing and developing the labour market towards flexibility, modernity and sustainability. VNS

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