Brian Jeffrey
The labor market in 2025 is facing substantial challenges, which has led to demands for improved job-matching services and enhanced workforce training initiatives.
In early 2025, Tran Van Nen, a veteran government worker from Hanoi, began his job search after his agency announced plans to merge operations and reduce staff.
Although he has dedicated many years to his role, Nen is at risk of losing his job due to these cuts.
“Being over 45 makes it tough to find a position outside public service. It’s a significant challenge, but I must adapt and find work to support my family,” Nen explained.
On the other hand, Tran Van Du opted not to seek new employment. Instead, he plans to launch his own tech company in his area of expertise.
His main hurdle, however, is obtaining funding. After two decades in the public sector, he lacks substantial savings to kick-start a business. Consequently, he is thinking about using his home to secure a bank loan.
“Leaving the security of a public job at this stage is daunting, yet it presents an opportunity to grow in a competitive market,” Du reflected.
As the government seeks to streamline its agencies, the relocation of around 100,000 public workers to the private sector introduces significant labor market hurdles.
A spokesperson from the Ministry of Labor, Invalids, and Social Affairs noted that the influx of workers from the public sector will create increased demand for job-matching services.
To meet this demand, labor officials must track employment trends, improve labor market data, and bolster job-matching initiatives by organizing more job fairs and enhancing online job exchange services across regions.
An expert in labor issues stressed the need for targeted financial assistance and job transition support strategies, including vocational training and career change programs. These efforts are vital for safeguarding the welfare and rights of those affected by workforce changes.
“These initiatives are currently under development and should be announced shortly. It’s essential to facilitate the transition of displaced workers into new roles following government restructuring,” the expert stated.
In addition to aiding workers in finding new positions, another key focus should be on enhancing the business and investment climate. By fostering an environment conducive to entrepreneurship, self-employment, and business growth, displaced workers can be better integrated into the private sector.
