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Vietnam's Industrial Labor Market: Over 100,000 Workers Needed for Just 04 FDI Companies

Mr.Believer Mr.Believer posted on 06/03/2024

Vietnam's booming industrial market leads to the increase in demand of the local workforce. According to various sources, Four key FDI companies in Bac Giang seek to fill 106,000 positions in 2024. Let's see which companies are in the list.

Vietnam’s workforce was estimated to grow to 52.4 million people in 2023 an increase of 665,500 people. These numbers are significant and suggest that the low-cost labor (which has been attractive to foreign firms looking to reduce manufacturing costs) is still abundant.

Electronics firms face labour shortage | Society | Vietnam+ (VietnamPlus)

The 04 FDI enterprises in Bac Giang mentioned above are:

1. Newwing Interconnect Technology Co., Ltd: ;

2. Luxshare-ICT Vietnam;

3. LENS Technology Vietnam;

4. Hong Hai Scientific and Technical Group

They are seeking to recruit a total of 106,000 workers in 2024.

Here are the breakdown:

1. Newwing Interconnect Technology Co., Ltd

Vietnam units of Foxconn earn $319 mln post-tax profit in 2022

Location: Van Trung IP, Bac Giang

Field: Electronics parts

Current labour force size: over 29,000 people

In need: ~ 27,000 positions

2. Luxshare-ICT Vietnam

Công ty TNHH LUXSHARE - ICT (Việt Nam) - Phòng sạch Tường Vân Việt Nam

Location: Van Trung IP, Bac Giang

Field: Electronics parts

Current labour force size: over 35,000 people

In need: ~ 40,000 positions

3. LENS Technology Vietnam

Công ty TNHH Công Nghệ LENS Việt Nam – EEPVN

Location: Quang Chau IP, Bac Giang

Field: Electronics parts

Current labour force size: 5,000 people

In need: ~ 12,000 positions

4. Hong Hai Scientific and Technical Group

Nhà máy FOXCON - Quang Châu - Paragon

Location: Quang Chau IP, Bac Giang

Field: Electronics parts

Current labour force size: 30,000 people

In need: ~ 27,000 positions

 

Source: Bac Giang Newspaper

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