A stricter and fairer labor market

Hoàng Văn Minh |

The development goals to 2030 that the National Assembly has just set show that Vietnam is entering a period of growth that requires much higher quality than before.

The double-digit growth rate in the period 2026 - 2030, GDP per capita of about 8,500 USD, labor productivity increasing by over 8.5% per year... are indicators that the growth model cannot continue to rely on simple labor and depend on breadth and many jobs as before.

To achieve those goals, the labor market must change. More jobs are not only needed, but must be more efficient, more sustainable and more adaptable to the fluctuations of digital transformation, economic restructuring and global competition.

2026 is forecast to be the time when the labor market enters a clearer screening phase. The market is forced to operate in depth, setting higher requirements for skills, adaptability and working thinking of workers. The trend of recruiting multi-skilled, flexible workers will be an inevitable response of the market to a stricter growth environment.

Reality shows that digital transformation spreads to most industries; businesses must streamline their apparatus to reduce costs and increase resilience; global competition requires labor productivity to be continuously improved.

In that context, the model of each person doing one fixed job... gradually reveals limitations. Instead, businesses prioritize workers who can undertake many tasks, know how to coordinate, use technology in daily work, and dare to step out of the safe zone of the profession.

Now, degrees or seniority are no longer a guaranteed ticket, but the ability to update skills, adaptive thinking and lifelong learning spirit are the measure of value. The market does not eliminate people, only eliminates stagnation. Of course, this process creates significant pressure, especially for young workers, low-skilled workers and the informal sector. But with a long-term vision, this will be an opportunity for "boss" to restructure the labor force in a more sustainable direction.

People who actively study extra, combining professional skills with digital skills and soft skills will have the ability to stand firm higher, and even take advantage of new job opportunities that are forming.

Stepping into 2026, the labor market will be stricter, but also more fair in the way of choosing human resources.Opportunities are not for the majority to stand still, but for those who are willing to learn, willing to change and seriously invest in their own skills.


Hoàng Văn Minh
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