Hanoi, Vietnam – Following the Tết (Lunar New Year) holiday, Vietnam's labor market is experiencing a surge in recruitment demand as businesses ramp up operations and seek to expand their workforce. Data from job fairs and employment centers across the country indicate a robust demand for workers, particularly in key sectors like information technology, trade services, tourism, footwear, textiles, administration, mechanics, transport, storage, accounting, auditing, and marketing.   

In Hanoi, the Centre for Employment Services (HCES) reports stable labor demands, attributed to effective benefit policies from employers, unions, and local authorities, encouraging workers to return after the holiday. Over 19,300 job seekers found employment in January, a 24.8% increase compared to the same period last year. The HCES forecasts strong recruitment in IT, trade services, and tourism in the coming months.

Ho Chi Minh City has seen between 50,400 and 55,500 job openings after Tết, with a 7% increase compared to 2024 A majority of openings target workers aged 27 to 35, followed by those below 26. The city's Centre for Employment Services also noted a 44% year-on-year decrease in unemployment benefit applications in January, reflecting labor market stability.

Across the country, employment service centers are organizing job fairs and recruitment events to connect employers with job seekers. Hai Phong city reported 3,552 job openings at 38 businesses, with 60 employers in industrial zones seeking approximately 4,500 workers. Nghe An Province plans to host job fairs at its industrial parks, and Dong Nai Province is experiencing rising recruitment due to a surge in orders. Online recruitment platforms are also hosting tens of thousands of job openings.   

While the post-Tết period typically sees fluctuations due to worker relocations and changes, the Ministry of Labour, Invalids and Social Affairs (MoLISA) reported a pre-Tết surge in demand for temporary workers. They expect continued fluctuations in Q1 2025, particularly in manufacturing and services, as some workers may not return after the holiday, and due to restructuring in public agencies leading workers to seek private sector employment.

Despite potential fluctuations, improvements in compensation and benefits have led to stronger employer-employee bonds, contributing to higher retention rates and overall labor market stability. Experts suggest these measures are key to maintaining employment and income for workers, mitigating potential labor shortages, and ensuring a robust and dynamic labor market in Vietnam.   

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