VNExpress-Aug 11
Foreign companies, especially Chinese, are investing and hiring more staff in Vietnam to shift their production to the country or expand. In the first half of the year recruitment and payroll services provider Adecco saw a 10% year-on-year jump in demand for personnel in manufacturing. The positions included specialists and senior quality assurance and supply chain managers with a common requirement being moderate proficiency in Chinese. “As Vietnam is attracting lots of foreign investment, there is increasing demand for workers proficient in English and other languages, particularly Chinese, to strengthen connections with international partners,” Adecco said. Headhunter Navigos Search reported that manufacturing companies with Chinese investment are shifting to or expanding their operations in Vietnam. They require a diverse workforce, with 68.3% preferring experienced personnel and nearly 22% seeking management skills. Navigos Search added that demand has increased in the high-tech, components, electronics, and automobile sectors. According to recruitment firms, the recent surge in labor demand in the manufacturing sector indicates that foreign companies are embracing the supply chain shift to Vietnam. This year Vietnam has received foreign investment worth US$18 billion, up 11% from the same period in 2023. The world’s second largest economy has been one of the top investors this year, with Hong Kong and mainland China accounting for $2.53 billion or 23.4% of new FDI. More Chinese companies are relocating due to the China Plus One strategy, which involves diversifying production. FDI disbursement hit a four-year high of $12.55 billion, with most of the money going into industrial zones in the north.
