VietnamWorks recently announced an incredible 85 percent spike in job listings in the retail and wholesale sector. This was a key finding in VietnamWorks's second Online Employment Report for 2013, as the spike in job listings is in stark contrast to the country’s mostly stagnant retail sales growth rate since 2004.
“While the general word-around-town has retail truly suffering, this has not been reflected in our data for the quarter where we saw job listings almost double in the period,” said Mr Jonah Levey, Founder and Chairman of VietnamWorks. “Overall we saw a robust increase of 14 percent in online employment demand in the second quarter of 2013 compared to the same quarter last year. As Vietnam’s sluggish economic development has recently accelerated during the second quarter, our Q2 numbers followed the increasing trend from Q1 and hopefully solidified the growth foundations for the rest of 2013,” he added.
Other important findings from the company's research revealed Da Nang as the best city in the nation to find a job for the quarter, ahead of Binh Duong and Hanoi. Bac Ninh also repeated a huge increase in online labour demand (53 percent) where several large investments saw a spike in demand for talent, followed by Da Nang (34 percent) and Binh Duong (31 percent).
“The government’s new investment policies in Da Nang have generated a notably positive effect on confidence and foreign investors have quickly picked up the welcome move. Going forward, the job market and talent pools at Da Nang will benefit from the government’s commitment to invest heavily in its infrastructure and favour attracting foreign industrial and ICT giants,” said Mr Levey.
The best industries for job seekers are retail and wholesale (up 85 percent), pharmaceutical and biotech (up 35 percent), insurance (up 27 percent), customer service (up 25 percent) and consulting (up 24 percent).
Meanwhile, oil and gas, banking, civil construction, architecture and interior design, and human resources did not fare as well, reporting declines of 23 percent, 10 percent, 4 percent, 2 percent and 2 percent respectively. These industries also fared poorly in the first quarter.
In a similar finding to the Q1 study, customer service, accounting and finance, production and process saw the biggest increase in number of applications, whereas architecture, human resources and banking got the most notable decrease of labour supply in Quarter 2. Mr Jonah Levey commented: “As the banking sector is coping with economic difficulties by cutting staff, increasing required competencies towards applicants, raising productivity, it has not only witnessed a strong decline in job postings but also the biggest decrease in job seeker supply.”
“Competitiveness still remains hottest for positions in administration, accounting/finance, and import/export roles, where we typically see the highest numbers of applications per job and the most job seekers specifying those industries as desired employers,” added Mr Levey.
Huong Ly
Vietnamese
