Industry Updates

Industry Updates

Many electronic enterprises continue to expand production in Vietnam

  • 17/12/2021

Many large enterprises in the electronics industry continue to invest or expand production in Vietnam. There is a large demand for candidates who can speak Chinese due to the shift of businesses from China to Vietnam.

This is information announced by Navigos Group this afternoon, November 14, in the third quarter report on the recruitment demand for mid- and senior-level personnel in the Vietnamese market, and forecast recruitment trends in the future. Q4 and early 2022.

According to Navigos, despite being affected by the Covid-19 epidemic, many large enterprises in the electronics industry continue to invest or expand production in Vietnam. The market witnessed many large enterprises in the electronics industry continuing to invest or expand production in Vietnam through large projects. In which, there are projects to build large research centers (Research & Development - R&D). Localities such as Bac Ninh, Hai Phong, Bac Giang, Thanh Hoa and Da Nang continue to receive huge investments from these FDI projects.

 

In the north, a number of businesses in the electronics industry, due to effective Covid-19 prevention measures, can still maintain good production activities, even with a slight growth when there are many production orders. transferred from other branches affected by Covid.

 

Besides, the market also observed a large recruitment demand for candidates who know Chinese, due to the shift of businesses from China to Vietnam.

 

In addition to electronics, the demand for recruiting high-quality personnel is still increasing in the financial and banking sector as banks promote digital transformation and technology development. Not only large-scale banks, smaller banks and some securities companies have also planned and invested in the transformation, establishing project committees and conversion blocks.

 

Accordingly, the demand for human resources at all levels for information technology and digital transformation positions continues to increase, especially in application development, technology development, transformation management, and management. and data analytics, digital marketing and business.

 

Navigos forecasts show that this digital transformation race is still going on for banks and companies with sustainable resources and strategies, so the demand for these high-quality human resources is still high. increase.

 

Navigos forecasts, in the last months of 2021 and early 2022, recruitment may increase due to increased orders from some businesses but not too much. In addition, if businesses recruit, most will be recruiting to replace employees who have quit their jobs and strengthen the team with positions that need high skills and techniques.

 

In the North, because the impact of Covid-19 is less than in the South, most textile and garment enterprises are still maintaining good production at the present time. Many businesses have more orders from other regions in Asia to move to Vietnam because these regions have not well controlled the disease. Therefore, large and reputable textile and garment enterprises are doing very well with current orders. There are companies that have received orders until April 2022 and are still recruiting more workers. Some companies say their profits have even doubled in the past.

 

Recruitment is forecasted to increase due to increased orders from some businesses, but not too much. In addition, if businesses hire, most of them will be recruiting to replace employees who have quit, and at the same time strengthen the team with positions that need high skills and techniques.

 

Mechanics, furniture in the south reduce 70% of recruitment demand

 

Contrary to the positive picture in the north, due to the strong outbreak of the Covid-19 epidemic in Ho Chi Minh City and neighboring provinces, businesses in the electrical - electronic, mechanical and furniture manufacturing sectors encountered a lot of problems. difficult. Many businesses choose to close temporarily so that when the epidemic is under control, they will reopen. For businesses that are still operating, there is no longer a focus on recruitment.

 

“According to Navigos Search's observations, businesses in this segment have reduced their recruitment demand by 70% compared to the same period in the third quarter of 2020. It is forecasted that in the next 6 months, the electricity - electronics industries can recover again with the condition that the epidemic is under control, but at a slow pace because the production orders of the fourth quarter of 2021 have been moved to other countries. ", said Navigos representative.

 

Under the impact of Covid-19, many factories and businesses in the energy sector had to temporarily close, leading to a decrease in energy demand. Having to cut power generation capacity to the grid from 50% to 70% makes it difficult for businesses in the energy sector.

 

Navigos Search recorded a decrease in recruitment demand as well as lower pay for positions in the energy industry over the past time. Recruiting foreign candidates also faces many difficulties, so businesses tend to consider recruiting candidates currently in Vietnam or transferring personnel in the same group but are working in other countries. other than recruiting new external candidates.

 

It is expected that the energy segment will continue to record a decrease in recruitment demand in the fourth quarter.

 

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