A new report reveals a 2% decline in IT hiring demand in early 2025, while the number of job seekers in the sector has increased by 18%.

Demand for professionals in technology, AI, and digital skills is no longer limited to the IT sector but is expanding into retail, finance, and manufacturing.

After State agencies streamline their staff organisation, many workers need to change their jobs, thus they must be equipped with suitable vocational skills to adapt to the new working environment.

Enterprises, which have connected with local authorities to run large recruitment campaigns, are offering salaries of up to VND40 million a month.

Despite an increase of nearly 5,500 employees across the banking sector in 2024, several banks, including Sacombank and BIDV, have implemented significant layoffs.

The latest labor market report reveals significant salary variations, with FDI enterprises offering the highest wages, while private and state-owned businesses maintain moderate pay scales.

As Vietnam streamlines its public sector workforce, an estimated 100,000 civil servants will need to transition to new jobs.

The average monthly income of Vietnamese workers surged by 8.6 % annually to 7.7 million VND (approximately 304 USD) in 2024, according to a press conference held by the General Statistics Office (GSO) in Hanoi on January 6.

Vietnam’s labor market remains constrained by low training levels, with over 37 million workers lacking formal vocational education, according to MOLISA.

IT-software workers with 1-3 years of experience can receive VND10-20 million a month, while managers or heads of division can get VND27-52 million, according to Top CV.

The labor market is heating up as enterprises are rushing to recruit more workers to gear up for production and business before Tet.

Compared to many nations in the region, Vietnam’s labour productivity is lower, due to the level of education of its trained workforce, which is primarily equivalent to junior high school.

It is estimated that 15 percent of people have found jobs with average monthly pay of VND10-20 million in Hanoi, but there are not enough jobs for everyone.

Vietnam’s labour market faces a critical challenge as many low-skilled workers, despite losing their jobs, are reluctant to pursue vocational training programmes aimed at helping them switch careers.

AI (artificial intelligence) and blockchain skills will offer workers privileges in the labor market, as English and office informatics skills did 10-20 years ago, labor experts say.

Experts predict the demand for tech-savvy professionals in fields like AI, machine learning, cybersecurity and digital finance is set to skyrocket.

A Vietnamese employee has won a national contest on customer service of 7-Eleven Japan – the biggest chain of convenience stores in Japan.

Phi Duy Phong has been working as an informal worker in the craft village of Chang Son Commune, Thach That District, Hanoi for decades, but he has never participated in any form of insurance.

Vietnamese workers hold numerous opportunities in the high-tech labour market, but stronger efforts are still needed to improve their skills to meet employers’ demand.