VIETNAM NEWS/ANN: The fourth industrial revolution is dramatically affecting labour markets around the world, including in Vietnam, creating new kinds of jobs for which there will be expected shortages.
Tran Anh Tuan, deputy head of HCM City’s Centre for Forecasting Manpower Needs and Labour Market Information, said Vietnam was already using “smart” factories, where robotics, artificial intelligence, cloud computing and data analytics were being used to link production and logistics processes, and make manufacturing more intelligent, efficient and sustainable.
The IT industry, recognised as the strategic sector in the 2019-2025 period, will need far more skilled workers than it has today.
Many new occupations relating to cyber-security, information security, programming for mobile apps and 3D game design, are now being created.
At least 2.1 million jobs will be created in Vietnam, mostly in computing, maths and engineering.
Other industries such as electricity, electronics, mechanical engineering, and automotive engineering will need a high number of human resources in the 2019-2025 period, Tuan said, adding that 24,000 employees would be needed for the electricity-IT industries each year in the period, and 15,000 for mechanical engineering each year.
Navigos Group CEO Gaku Echizenya said: “The labour market is experiencing unprecedented changes with the fourth industrial revolution.”
This means businesses have to improve by understanding the market and promptly respond to change and build effective recruitment strategies, Echizenya said.
The latest report on Career Prospects & Skill Trends in Vietnam within the period between 2018 and 2022 of VietnamWorks, the online jobsite under the Navigos Group, shows that 59 per cent of surveyed human resources professionals said robots and automation would be the technological factors with the largest impact on the labour market in the next five years.
The report this year surveyed more than 200 human resources professionals who hold managerial positions in top firms and corporations in Vietnam.
Moreover, the telecommunications boom in the “mobile internet, cloud technology” as well as “processing power, big data” categories are also forecasted to create profound change.
Recruitment demands will change as a result of shifting nature of work and labour structure, according to the report.
According to HR professionals, the labour market will transform dramatically under the effect of socio-economic factors related to the nature of jobs and the labour structure.
Sixty-six per cent of HR professionals agreed with the need for “change in natures of work, flexible work” to stimulate change, followed by “the development of elite labour” and “the development of a young demographic”.
More notably, 40 per cent claimed “the need for privacy” and “greater awareness of environmental responsibilities” would have substantial impact on recruitment demands.
Up to one-fifth said the participation of women would undoubtedly change the labour market.
High tech and engineering would be the most promising job category in the near future, according to the report.
Around 90 per cent of respondents were certain that “high tech, engineering” and “computer and technology” would have increased demand in the near future.
Another category with great growth in the next five years would be “arts, design, entertainment, sports and media”. On the other hand, certain job categories would experience lower demand, such as “administrative and clerical”.
According to the report, the changes in the labour market would create new jobs with different competencies.