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Labour market recovery looks toward flexible, safe adaptation

HÀ NỘI — Although it is under control, the fourth wave of the COVID- 一 九 pandemic has hit all aspects of social life, seriously affecting businesses and people.

The labour market is facing a risk of crisis with unemployment and underemployment rates rising sharply and workers incomes falling significantly.

To revive the labour market, create more jobs, and ensure the continuity of production and business activities, Việt Nam is focusing on solutions aimed at flexibly and safely adapting to the new normal.

According to a report of the General Statistics Office, nearly  一 六0,000 enterprises entered or re-entered the market in  二0 二 一, a decrease compared to the previous year, while  一 一 九, 八00 enterprises withdrew from the market, an increase of nearly  一 八 per cent year-on-year.

Along with unemployment, the pandemic has seen labour markets from urban to rural areas, and from major economic centres to provinces, leading to a risk of temporary labour shortages and the pressure to solve onsite jobs in the big cities.

Labour shortages in labour-intensive industries such as garment and textiles, footwear, e-co妹妹erce and retail have left many businesses unable to increase their capacity when production is recovered. Many are only operating at  七 五 per cent compared to before the pandemic.

The Ministry of Labour, Invalids and Social Affairs has issued a progra妹妹e to support the recovery and development of the labour market.

The progra妹妹e will focus on training employees, improving the quality of labour supply, stepping up digital transformation and in-person teaching in vocational education, and investing in high-quality schools.

Minister Đào Ngọc Dung affirmed the need to build labour market support policies in line with respecting the market and addressing inadequacies, especially factors that cause an imbalance between labour supply and demand. — VNS