The article is translated by Adecco of Vietnam's salary and labor market in 2020 by the team Idichthuat ours. Through the article with the desire to share information, be an easy reference source when it has been Vietnameseized in the most standard way from the team. translator Idichthuat. Let's take a look at the translation right away.

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Vietnamese translation (by in the series of translation projects for the community):

Document Introduction

The recruitment scene in Vietnam in 2019 remains strong as it receives international investments and is expected to reach new heights. Benefiting from young human resources, fast economic growth and political stability, Vietnam is truly an attractive and competitive investment destination. This has increased inflows of foreign direct investment (FDI) into the country.

Update overview of Vietnam market today

Besides, more and more companies are moving factories to Vietnam amid the US-China trade tension. The new factory setting creates many opportunities in the industry as well as human resources management and manufacturing specialist positions. 

The technology sector also continues to grow rapidly as businesses across all industries continue to accelerate their transformation to digital models and disruptive technologies, especially in the Business Intelligence model. (BI) and Artificial Intelligence (AI).

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Challenges and challenges in the labor market

With the shift to a high-tech economy along with a shortage of qualified human resources, talented technology candidates will continue to be sought after. Therefore, understanding the new recruitment trends will be the key to you ahead of the competition. 

Employee retention will be a major challenge that companies are facing, especially for young to mid-career professionals who belong to Generation X who were born in the late 80s and early 90s. 20s, directly affected by technological developments. Moreover, the new generation - Generation Z of young people born in the late 21th century and early XNUMXst century, they consider as an opportunity to advance and develop themselves.

The most expectations and wishes from the candidates

They also have a different view of administrative and office work because they want to be flexible in time and working environment. Companies will need to provide potential training and development opportunities to retain talent in this 4.0 era. On-site skills improvement training programs will still go a long way in ensuring employees stay engaged, enthusiastic and dedicated to their work. 

Statistics of human resources in Hanoi Vietnam

This edition, focusing on two major cities in Vietnam: Hanoi and Ho Chi Minh City, which provides an overview of current market offerings based on job description and work experience in different sectors. Adecco hopes this release with a general understanding of the recruitment trends of the market can provide an overview of the Vietnamese labor market. This can be a useful and effective tool for mapping out your talent development strategy and recruitment process in 2020.

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