Building a stable labor supply chain, a key solution for post-pandemic recovery | Company

The 4th Vietnam Economic Forum attracts over 600 local and international delegates. (Photo: SGGP)

Deputy Minister of Labour, Invalids and Social Affairs Le Van Thanh said the pandemic had left negative effects on the labor market as well as workers’ jobs and incomes.

Labor supply has shrunk sharply as the number of employed workers has fallen to its lowest level in many years. The number of workers in employment stood at 49.07 million in the fourth quarter of 2021, down 1.79 million from a year ago.

The unemployment rate peaked in the third quarter of 2021 at 3.98%, which equates to more than 1.7 million people. The rate in urban areas hit a record high of 5.54% in the same quarter.

The average monthly income of laborers increased from VND 6.7 million in 2019 to VND 5.3 million in 2021.

In particular, there has been an opposite trend in the structure of the labor force, with 1.3 million workers moving from urban to rural areas and from major economic centers to localities.

The Deputy Minister said that although most sectors and areas have entered the recovery period and started to register growth again, the supply of labor remains limited, unable to meet the demand, in particular the demand for qualified personnel.

Building a stable labor supply chain, a key solution for post-pandemic recovery ảnh 2 HCMC People’s Committee Vice Chairman Duong Anh Duc speaks at the meeting. (Photo: SGGP)

Some localities and industries face labor shortages, including textile-clothing, electronics assembly, wood processing, tourism, and education.

Vietnam General Confederation of Labor Vice President Ngo Duy Hieu stressed the need to create an enabling environment for labor market recovery and development, calling for rapid reform of policies on wages, labor security social and social housing.

He also suggested reforming investment attraction policies to avoid the concentration of too many investment projects in one locality, which puts pressure on local infrastructure while causing labor shortages. of local work.

HCMC People’s Committee Vice Chairman Duong Anh Duc shared the city’s experience in retaining workers. He said taking care of workers’ lives, both material and spiritual, during the pandemic has helped workers stay with their employers, enabling businesses to quickly resume operations and avoid disruptions to labor supply.


Jennifer C. Burleigh