Supporting Labor Recruitment, Disseminating Investment Support Policies

10:05:36 AM | 14/12/2020

On November 12, the Vinh Phuc Industrial Parks Authority in coordination with the Yen Bai Industrial Parks Authority held a workshop on labor recruitment support and investment support policies of Vinh Phuc province.

Currently, Vinh Phuc province-based industrial parks are home to 371 projects, including 65 domestic direct investment (DDI) projects with a total investment of more than VND15.1 trillion (US$650 million) and 306 foreign direct investment (FDI) projects with nearly US$4.3 billion of investment capital. They are hiring nearly 10,000 workers, of which locals account for about 70% and the rest come from other provinces.

In the 2021-2025 period, it is forecast that 50-70 new investors and existing investors will invest in production expansion each year, and need to hire 7,000 - 9,000 new employees. Vinh Phuc province can meet only 70% of the demand and falls short of 30% (about 2,500 employees). Meanwhile, Yen Bai has an abundant labor force.

To support enterprises to recruit enough workers, the Vinh Phuc IPs Authority has cooperated with the Yen Bai counterpart to collect information and make long-term forecasts on labor supply and demand, and reviewed and calculated jobseekers to advise enterprises to recruit workers they need.

Besides, the Vinh Phuc IPs Authority has worked with relevant units in the province to provide vocational training for rural workers; effectively implement labor policies and raise incomes for workers; and organize job fairs, thus facilitating enterprises to expand their business operations.

By Thanh Loan, Vietnam Business Forum