In addition to traditional growth drivers, Hanoi's economy is also boosted by an important institutional foundation that has just been implemented. Notably, the model of organizing urban government at two levels (City and Commune levels) officially takes effect from July 1, 2025. This reform is expected to contribute to streamlining the administrative apparatus, improving governance efficiency and creating more open development space for businesses, thereby positively affecting the input environment and employment in the long term.
In that context, the capital's economy continues to maintain impressive growth momentum. The Government's support policies and the City's strong direction have helped key sectors such as industry, trade - services, tourism, FDI attraction and public investment achieve positive results, creating direct and clear impacts on the labor market.
Industrial production in the city continues to maintain positive growth momentum. The Index of Industrial Production (IIP) in August is estimated to increase by 1% compared to the previous month and increase by 8.2% compared to the same period last year. In the first 8 months of 2025, the industrial production index increased by 6.5% over the same period, in which the processing and manufacturing industry - the sector that creates many key jobs - grew by 6.7%, showing stability and expansion of production. The recovery of the industrial sector, especially the processing and manufacturing sector, not only strengthens the supply chain but also directly creates a stable recruitment demand for technical workers and production workers.
The August labor market reflects the optimism of businesses with an estimated recruitment demand reaching over 50,000 positions. The recruitment structure has clearly shifted: the demand for workers with a university degree or higher has decreased to 28.55%, while the demand for recruitment for positions with a salary of 10 - 20 million VND/month has increased sharply, accounting for 37.41%. This shows that businesses are focusing on finding specialized and experienced personnel to meet job requirements, instead of only prioritizing degrees, said Mr. Vu Quang Thanh - Deputy Director of the Hanoi Employment Service Center.
Also in August, the number of people with unemployment benefits decided to receive unemployment benefits decreased sharply by about 41% compared to July. During the month, the Hanoi Employment Service Center assessed and issued decisions to receive unemployment benefits for 5,240 cases with a total support amount of 181.4 billion VND. In addition, 37 workers have been supported with vocational training to soon return to the market.
