Number of HCM City-based firms resuming operations skyrockets 500pct

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The HCM City People’s Committee has announced that 4,850 businesses in the city resumed their operations in January, up 36.3 percent year-on-year, and nearly 500 percent month-on-month.

Number of HCM City-based firms resuming operations skyrockets 500pct hinh anh 1

In the month, over 3,190 new firms were established, a rise of 24.6 percent against the same month of 2021, while 382 dissolved, down 7.73 percent year-on-year and 27.2 percent month-on-month.

Many enterprises made positive moves in January. The Saigon Hi-Tech Park, for example, reported a production value of over 1.65 billion USD and an export value of 1.54 billion USD, both up 5 percent year-on-year.

In addition, the city’s January agro-forestry-fishery production value inched up 1.5 percent year-on-year.

The largest Vietnamese city also enjoyed a year-on-year increase of 19.4 percent in budget revenue in January, amounting to 47.8 trillion VND (2.1 billion USD).

In February, the city will adopt various solutions to safely and flexibly adapt to and effectively control the COVID-19 pandemic and continue improving the quality of urban governance and investment environment and support enterprises.

The municipal People’s Committee is expected to issue a plan to restructure State-owned enterprises and those with State capital in the city in the 2021-2025 period, and focus more on restoring old apartments and building social housing projects, speeding up construction on the metro line No.1, and investing in building the metro line No.2 and belt roads No.3 and 4.

HCM City in need of 44,800-55,600 workers after Tet

As Ho Chi Minh City applies flexible measures to adapt to the new normal and curb the spread of COVID-19, firms are rolling out recruitment plans after Tet (Lunar New Year) holiday with about 44,800-55,600 vacant positions to be filled.

According to the city’s Centre of Forecasting Manpower Needs and Labour Market Information, the available jobs are primarily in the fields of textile-leather footwear; food manufacturing and processing; mechanics; chemicals, pharmaceuticals and rubber products; and wholesale and retails, among others.

Over 86.39 percent of the positions are for those with training, with 21.58 percent of them seeking those holding bachelor’s and higher degrees.

As COVID-19 has been brought under control, businesses have resumed operations after Tet holiday with numerous orders.

Human resources demand in HCM City has been on the rise and the labour market posted positive changes. Many businesses are recruiting hundreds of work hands.

In particular, the rapid development of the e-commerce prompts rising demand for delivery services, resulting in firms’ constant need for personnel.

About 95 percent of workers in the apparel sector have returned to work and the figure is approximately 97 percent in the textile-fibre industry, said Le Tat Thang of the Vietnam Textile and Garment Trade Unions in the southern region.

Apparel firms observe a high number of orders, leading to a need for between 6,000-9,000 workers, equivalent to 10-15 percent of the current number.

Source: VNA

The Vietnamese Government has made great efforts to recover the country’s economic growth, with key tasks as defined in Resolution No.02/ND-CP.

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