More jobs expected as firms relocate from China to Vietnam

Update: 09:30 | 02/02/2019
Recruitment demand, especially senior positions in consumer electronics and real estate, is expected to increase as more companies relocate from China to Vietnam, according to the latest report from Navigos Group.
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Navigos Group, a recruitment company, operates two of the biggest job portals in the country, VietnamWorks, and Navigos Search, which are job sites for executives.

Facing intensive competition from top e-commerce companies with huge financial resources, the consumer electronics market clearly shows the trend of strongly shifting from traditional sales channels to e-commerce, the report said.

Companies in this sector all have business expansion plans for this year, and although the market is very competitive, there are still niche markets where companies can exploit.

more jobs expected as firms relocate from china to vietnam
(Photo: Thanh Niên)

After Tet (Lunar New Year), recruitment demand in the consumer electronics sector will grow strongly, with more companies entering Vietnam.

The demand for marketing positions in the industry is increasing, especially from multinational companies.

Because of the shortage in human resources, companies in this sector are willing to recruit candidates with experience in other industries such as fast-moving consumer goods.

The electronic manufacturing segment is predicted to have more recruitment demand in 2019, including mid- and high-level human resources in positions such as plant manager, supervisors, managers and assistant level jobs for the back office.

Tran Anh Tuan, deputy head of HCM City’s Human Resources Forecasting and Labour Market Information Centre, also said that more enterprises in electronic commercial industry this year will be set up in Vietnam and HCM City, creating many jobs. More job opportunities are also expected in real estate as FDI capital continues to stream into the sector.

This year, investors plan to adjust their portfolio, thereby affecting supply chains and FDI inflows in the real estate market, the report said.

The reason for this mainly comes from two trends: shifting production from China to Vietnam and FDI flow into Vietnam to serve the consumer market in the country and ASEAN.

In the last quarter of 2018, the real estate market saw several “super” projects, leading to high recruitment demand, especially positions related to sales and marketing. In 2019, the real estate market is expected to grow steadily.

The condo market will grow, while businesses will recruit for positions related to investment and sales.

The market in the northern provinces, especially the neighbouring provinces of Hanoi, and the concentration of many industrial parks will lead to growth in hiring demand.

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(Source: VNA)