Vietnam’s largest city, Ho Chi Minh City has attracted much attention globally in the last years with its soaring economic growth. Vietnam’s Bureau of Statistics reported that its GDP increased by 7.08% in the first half of 2018, the highest growth rate in the previous 7 years. Manufacturing and after- production and wholesale and retail sectors achieved the highest growth at 13% and 8.2% respectively. Commercial construction grew by 9% from the previous year, setting a new record-high.

Vietnam’s economy is further powered by its tourism sector, which attracted over 7.89 million visitors to Vietnam in the first half of 2018. It is estimated that the total amount of visitors will accumulate to 15.5 million in 2018 and create a revenue of over USD 2.71 billion nationwide. As economy soars, foreign investments and infrastructure initiatives will suffix a large job creation in 2018.

Reports from Ho Chi Minh City Institute for Development Studies, reveal that as Vietnam’s labor market grows, new businesses will emerge onto the market, including positions for web security, GPS applications, gaming applications, 3D game design and 3D digital design.

In the first half of 2018, companies in HCMC have focused on hiring an experienced work force and hosted job fairs and seminars to attract those with strong professional backgrounds. Vietnam’s Ministry of Labor and Market surveyed over 17,271 corporations and revealed that there are at least over 64,500 positions available and over 68,800 workers to be hired in 2018.

In the first half of 2018, the demand for a workers increased by 24.4% year on year in industries including retail, service, textile, footwear, finance, banking, accounting and auditing.

The report also revealed that in the second half of 2018, Ho Chi Minh City will need to hire over 148 thousand workers. By Q3 of 2018, companies will need to hire over 78 thousand workers in marketing, retail, robotics, construction, information technology, textile and footwear manufacturing, corporate management and accounting, in which all will require professionally trained workers.

Ho Chi Minh City Institute for Development Studies Center Co-Manager, Tran Anh Tuan, states that the city will continue to attract a large and well-trained work force and experienced professionals to support the city’s growing sectors. At the same time, Ho Chi Minh City will continue to develop facilities to train its young population to ensure that business sectors will continue to grow and flourish.