Tuesday , July 16 2024

Tech sector remains strong driver of employment

Despite Việt Nam’s steady economic growth in the first half, the job market has not shown signs of recovery, according to an update released by payroll, recruitment and HR outsourcing agency Adecco Vietnam.

A job fair held by the Centre for Youth Employment Services in HCM City on May 10. — VNA/VNS Photo

HCM CITY — Despite Việt Nam’s steady economic growth in the first half, the job market has not shown signs of recovery, according to an update released by payroll, recruitment and HR outsourcing agency Adecco Vietnam.

But there has been fair demand for talent in sales and marketing, quality management in the manufacturing sector.

Tech and financial jobs have seen demand plunge by 10 per cent.

Despite a downtrend in job orders, technology sector remains a strong driver of employment.

Trương Thiên Kim, associate director of recruitment services at Adecco, said: “Digital transformation is key, leading to a surge in tech-related roles across various industries. Higher demand for data engineers, AI engineers and developers has been seen.

“With the rapid growth of AI-driven applications, concerns for data protection have also increased, paralleling the rising demand for cybersecurity experts.”

As Việt Nam solidifies its role as a manufacturing hub, there is a growing need for skilled workers in this sector, she added.

In the first half of this year, job orders received by Adecco for this industry showed a 10 per cent increase year-on-year.

There is a notable trend in hiring senior personnel and experts in quality, sourcing and process excellence in manufacturing.

As Việt Nam gears toward becoming a green manufacturing hub and facilitating the export of manufactured products to developed markets, the demand for environmental engineers rises.

With the implementation of electronic health records and electronic payments boosting digitisation in both private and public healthcare, demand for talent to manage tech-applicable solutions has increased.

Significant investments from global giants like Intel, Samsung and Qualcomm have boosted job opportunities in the semiconductor industry.

The Government’s ambitious plans to train 50,000 engineers by 2030 further underscore the growth potential in this sector.

Media and marketing had steady demand, with roles like account manager and creative head continuing to see recruitment.

This sector is on the way to being dominated by technology and AI, since the latter can take over many tasks such as content writing, script development, planning, ideation, and creative production.

The finance and banking and professional services sectors are seeing hesitancy in hiring due to various volatilities.

Tier 2 banks are expanding their digital banking teams, following the trend set by tier 1 banks in previous years.

But the insurance sector is experiencing layoffs and personnel cuts. — VNS

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