Opening up the labor market

Hoàng Lâm |

The labor market picture in the first quarter of 2026 is brightening with many positive signs: The number of people with jobs is increasing, income is improving, the unemployment rate is maintained at 2.21%. The unemployment rate has decreased to 1.68%, showing that labor productivity is improving.

But behind those figures, the market still has a familiar "bottleneck": Labor supply and demand connection is still loose.

In many localities, rural workers and unskilled workers are still struggling to find jobs due to lack of official information. Conversely, many businesses fall into a "thirsty" for human resources, especially in rapidly growing technology, industry, and service industries. This mismatch is not due to lack of jobs or people, but due to a lack of a strong and reliable connection system.

Efforts to remove obstacles have begun to appear. The peak week of connecting labor supply and demand in Thai Nguyen (taking place from April 10-17) is an example. With the participation of more than 10 northern provinces and cities, right from the opening day, thousands of workers have found suitable jobs. This shows that: When there is an effective connection platform, the market immediately "opens up".

From this reality, the construction of an online national job exchange, expected to be tested from April 14, is expected to create a major shift. A centralized, authenticated and interconnected data platform will help workers anywhere access suitable, faster, and more transparent job opportunities.

More importantly, this is not just a technology story, but a step towards forming a "modern job transaction institution". In the context of the "recruitment trap" on the internet still existing, accurate and transparent data becomes a core factor to protect workers and enhance market confidence.

In the opposite direction, businesses also benefit. Accessing a national-scale, screened and verified "labor data bank" not only helps reduce recruitment costs but also improves the quality of human resources, thereby increasing productivity.

However, for the national job exchange to truly become the "blood vessel" of the labor market, there are still significant barriers. Data must be updated continuously, ensuring accuracy. The habits of workers and businesses also need to change. Switching from traditional recruitment channels to a unified digital platform cannot happen overnight, requiring early support policies to be implemented.

If successful, the online national job exchange will create an important step forward in digital transformation: Not only at the management level, but also directly impacting the jobs, income and livelihoods of millions of workers.

Hoàng Lâm
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