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Labor market to record 150,000 new jobs in Q2

By Sarah Chen
1 min read
labor market
labor market

About 150,000 new jobs will be created in the second quarter of this year, including 28,200 in electronics and optical device manufacturing, according to the Ministry of Labor, Invalids and Social Affairs.

The ministry forecast the most sought jobs will be related to manual works in the industrial sector, sales and marketing, accounting and finance, production management, personnel management, and project management.

The most in-demand jobs will be relevant to software development; network administration; network security; data analysis and communications; accounting and finance; marketing, sales, and product management; health care; as well as mechanics, electronics, and automation.

However, the ministry also pointed out that the labor market is facing numerous challenges in Q2, which will lead to the loss of 38,100 jobs in the garment industry, 38,000 in furniture production, and 37,800 in record printing and copying.

Data from the General Statistics Office show that nearly 294,000 workers suffered from lay-offs or furloughs due to businesses’ shortages of orders in Q1.

Experts held that it is necessary to take actions in response to the order decline facing many companies in such major industrial hubs as Dong Nai, Binh Duong, Bac Ninh, and Bac Giang.

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