According to the Hanoi Employment Service Center, the labor market in the last quarter of the year was reinforced by a positive investment platform and business environment. With the determination to create a breakthrough, the City has stepped up the disbursement of public investment capital. Recorded in the first 10 months of the year, the investment capital implemented from the State budget reached 69.1 trillion VND, an increase of 29.4% over the same period.
Along with that, attracting foreign direct investment (FDI) exceeded the annual plan, reaching 3.9 billion USD, 2.4 times higher than the same period. Strong investment capital from both the public and private sectors is and will continue to create many new projects, directly promoting the demand for labor recruitment in the coming time.
The business environment of the capital also shows a dynamic picture. In 10 months, over 27,800 new enterprises were established with registered capital increasing by 38% over the same period, showing that the economic picture of the capital has had many bright colors. However, the market also showed strong screening and restructuring when up to 25.5 thousand businesses registered to temporarily suspend operations and 6.3 thousand businesses dissolved, with the disolution rate increasing by 61.7%. This reflects a highly competitive environment, requiring workers to constantly improve their skills to adapt to the continuous shift of the market.
The Hanoi Employment Service Center predicts that the labor market will become active again in November, with the main driving force coming from the fact that businesses have begun to accelerate production and business to prepare for the peak season at the end of the year and Lunar New Year 2026. The industrial, manufacturing and trading and service sectors are expected to lead the market with the strongest expected growth in human resource demand, about 6% in the textile, footwear, electricity - electronics - refrigeration, mechanical industries; 4-5% in retail, logistics and marketing industries.
The construction sector is forecast to increase by about 4% in the last months of the year. At the same time, some industries tend to reduce recruitment in the final period of the year such as real estate business activities, financial activities, banking and insurance...
