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Positive signs in labour market

Update: May, 21/2010 - 09:14

Students in Ha Noi seek opportunities at a job fair at the Transport University yesterday.— VNA/VNS Photo Dinh Tran

Students in Ha Noi seek opportunities at a job fair at the Transport University yesterday.— VNA/VNS Photo Dinh Tran

HCM CITY — The labour market showed positive signs in the first quarter despite the long Tet break, recruitment company VietnamWorks.com said in a report released on Monday.

The Online Employment Indicator Report said while demand decreased by 6.5 per cent from the previous quarter, supply rose 14.1 per cent.

"The labour demand decreased 20 per cent during the same period last year," Chris Harvey, general director of VietnamWorks.com, said.

"The development of online recruitment this year was beyond our expectation with a slight decrease in terms of the labour demand, showing positive signs given the very long Tet holidays."

During the downturn, people were reluctant to leave the security of their jobs to try something new, he pointed out. The increase in the labour supply shows that people have become more confident as the economy improves, he said.

"They are taking action on their desire to move up to better jobs. We believe that an improving economy will increase employers' demand and creates new opportunities for job-seekers. Employers know that finding the right new people will give them a competitive advantage and help them to grow their businesses."

Sales had the smallest demand-supply gap and, as a result, Harvey said, "Employers had to compete very hard to get talent for their sales force than for any other function in their organisations."

Despite the aggressive growth rate of labour demand (18 per cent) in banking this quarter, the gap in labour demand – supply was the biggest, making this industry the hardest for job-seekers to find a job.

Sales, accounting/finance, administrative/clerical, IT-software, and marketing were the areas with the highest demand for workers.

In terms of labour supply, the top five areas were accounting/finance, administrative/clerical, human resource, sales, and customer service.

The top five industries in the demand list were civil/construction, accounting/auditing, banking, electrical/electronics, and airlines/tourism/hotel.

Banking topped the supply list. — VNS

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