Labor market shows signs of continued improvement

In the third quarter of 2025, Khanh Hoa Province sustained stable socio-economic growth, resulting in notable improvements in the labor market. Recruitment demand is projected to rise by 5–10% in the fourth quarter, with the majority of opportunities concentrated in the processing industry, retail, construction and service sectors.

Job interview in Bac Ai Dong Commune.

Businesses ramp up recruitment

According to Nguyen Thanh Xuan, Deputy Director of the Provincial Employment Service Center, in the first nine months of 2025, the province's Gross Regional Domestic Product (GRDP) is estimated to have increased by 7% compared to the same period last year. The retail, service, and tourism sectors experienced high growth rates, reaching 15.58% and 19.2% respectively. Total state budget revenue increased sharply by 47.07% compared to the same period last year. The processing and manufacturing industry continued to be the main growth driver with a production index increase of 9.69%; the agriculture, forestry and fisheries sector up by 2.66%.

Business registration in Khanh Hoa province recorded strong growth in the third quarter, with 2,114 newly established enterprises, a year-on-year increase of 20.94%. Additionally, nearly 1,000 businesses resumed operations after a temporary suspension. These developments have significantly boosted the labor market, as companies expanded production and business activities while ramping up recruitment. During the quarter, close to 1,000 businesses registered a demand for more than 10,350 workers. High-demand sectors for recruitment include processing and manufacturing industries, accounting for 44.22% of total demand; wholesale, retail, and repair of automobiles and motorcycles: 24.48%; transportation and warehousing: 7.39%; and agriculture and fisheries: 7.27%.

Notably, over 58% of vacancies do not require professional qualifications, focusing on unskilled labor. Nearly 67% of businesses do not require work experience, reflecting a trend of expanding opportunities for new entrants to the labor market. Businesses recruiting workers are committed to fully implementing all regimes, policies, and benefits for employees; and providing on-the-job training and skills development for employees without prior experience and qualifications.

According to Do Van Duong, Director of Phu Khang Phan Rang Co., Ltd. (Thanh Hai Industrial Park, Bao An Ward), after 9 months of operation, the company has realized that Khanh Hoa Province has all the necessary conditions to expand production. Therefore, the company is currently recruiting approximately 500 garment workers with a starting salary of about VND6 million/person. The company is recruiting workers, including those without certificates or prior experience, with on-the-job training provided to ensure skill development. In addition to fully implementing all policies as regulated, the company  is committed to annual salary increases and continuous improvement of employee income, ensuring welfare benefits and building a safe working environment.

Job interview in Dien Khanh Commune.

Employment demand increases by 5 -10%

According to Nguyen Thanh Xuan, based on the company’s latest survey, the labor market in Khanh Hoa province continued to experience positive developments in the fourth quarter. The strong recovery of key economic sectors, combined with effective coordination between labor supply and demand by relevant agencies and organizations, has generated numerous new job opportunities. Recruitment demand is expected to remain high in tourism, services, processing and manufacturing, and information technology. Additionally, synchronized implementation of support policies for unemployed workers, including vocational training and job placement, will help individuals quickly stabilize their livelihoods while meeting the evolving needs of businesses.

The survey show that the projected labor recruitment demand in the fourth quarter is expected to increase by 5 to 10% compared to the third quarter, focusing on several sectors such as processing and manufacturing industry (45.98%); wholesale and retail trade and repair of automobiles, motorcycles, and other motor vehicles (17%); construction (11.65%); transportation and warehousing (5.03%); financial, banking and insurance activities (4.87%); administrative and support service activities (4.26%); agriculture, forestry and fisheries (4.18%); and other sectors (7.02%). Labor demand is projected to be approximately 4.71% for workers with a university degree or higher, 5.93% for those with a college degree, 13.03% for vocationally trained workers, 5.19% for those with basic training, and 71.14% for unskilled labor.

Despite positive developments, the labor market continues to face several challenges, including a shortage of skilled workers, particularly in high-tech sectors, intensifying competition for human resources among localities, and rising demands for professional expertise and foreign language proficiency. To address future workforce needs, the provincial Employment Service Center will maintain close coordination with businesses, industrial parks, and clusters to collect and update data on actual recruitment demands. Efforts will also focus on enhancing the organization of job fairs and effectively implementing unemployment insurance policies in conjunction with job counseling, placement services, and vocational training programs, helping workers swiftly reintegrate into the labor market.

V.G

Translated by N.T