“How can I have experience just after graduating from university? No firm wants to recruit an employee with little experience like me,” Nguyen Thuy Hang, 22, said while looking for accounting jobs on a jobs site.
A UK student of Vietnamese origin who was recently the recipient of six different recruitment offers from some of the world’s largest and most reputable tech and finance giants, including Google and Apple.
The General Statistic Office (GSO) said that as of April 20, the total capital of foreign direct investment (FDI) projects in Vietnam reached about 6,886 million USD, increasing by 85% against the same period of 2015.
The unemployment rate in Hà Nội has increased slightly in the first three months of this year, with 7,113 people registered for unemployment insurance benefits, said the Hà Nội Jobs Service Centre under the city’s Department of Labour, Invalids and Social Affairs.
Vietnam has a large base of labour force, with roughly 1 million new youths entering the labor market every year. The Vietnamese labors are highly valued for their easiness to adopt and apply new technology, resilience and diligence. However, many business firms in Vietnam, both domestic and international workforce, find that Vietnamese workforce is more advantageous in terms of number and cost, but the quality of labor is not as good and high skilled as other countries in the world. Therefore, a considerable number of labours in Vietnam now are only doing low skilled jobs such as constructionists, tailors and other blue collar workers.
Vietnam recorded huge rates of economic growth in the beginning of the 21st century, making it an interesting option for expats and global investors. Nevertheless, it is still hard to find a job in a local company without a contact.