According to the Hanoi Employment Service Center, for many years, the city has always exceeded the targets for job creation (creating more than 200,000 new jobs each year); maintained the unemployment rate at a low level (in 2024 it was only 1.02%); the average income of workers reached nearly 11 million VND/person/month in 2024.
However, the Hanoi labor market is currently facing many challenges, among which the most prominent is the supply of labor with technical and skilled qualifications. According to a survey by the Hanoi Employment Service Center, although labor with university degrees or higher is increasing sharply, the market is "thirsty" for manpower with practical skills. The demand for technical labor is increasing, while the proportion of labor through formal vocational training (middle-level, college) is growing insignificantly (only accounting for about 6%), leading to the paradox of "too many teachers, not enough workers".
With those shortcomings, the Hanoi Employment Service Center forecasts that the Hanoi labor market in 2026 will not grow sharply in quantity but will switch to selective recruitment. Instead of mass recruitment, businesses focus on positions that are really necessary for production and business activities, prioritizing skilled, experienced and adaptable personnel.
