Hanoi helps employ over 160,000 in January-August

Hanoi will this month focus on strengthening ties between vocational training institutions, employment centers, job fairs, and innovation hubs to help students secure jobs after graduation and connect training with overseas employment, according to the Hanoi Department of Labor, Invalids, and Social Affairs.

A job fair hosted by Hanoi authorities to connect employers and job seekers. Photo: Tran Oanh/The Hanoi Times

To ensure that certain groups of workers - such as vulnerable workers, people from low-income households, people recently out of poverty, and people from near-poor families - are employed, the department said it will continue to conduct research and make policy recommendations.

In addition, the department is advocating for the prioritization of funding for the Vietnam Bank for Social Policies to ensure that it has the resources for employment and vocational training.

In the first eight months of the year, the city found placement for more than 160,000 workers, reaching 99.4% of its target, according to the Hanoi Department of Labor, Invalids and Social Affairs.

In August alone, the city helped more than 18,000 people find jobs. Notably, 3,200 of these placements were made possible through budget funds allocated to the Vietnam Bank for Social Policies, with a total investment of VND266 billion (US$10.7 million).

The Hanoi Center for Employment Service held 23 job fairs with the participation of 695 enterprises and organizations. With nearly 12,000 vacancies, the events proved fruitful, with more than 1,670 workers successfully hired out of more than 4,200 interviews conducted.

In August, Hanoi approved unemployment insurance benefits for more than 7,100 people out of more than 7,600 applications, providing VND229.8 billion ($9.3 million) in assistance.

The city processed nearly 52,000 unemployment insurance claims, granting benefits to 50,426 people, amounting to a remarkable more than VND1.5 trillion ($60.8 million).

The Hanoi Department of Labor, Invalids, and Social Affairs is working to improve its employment data system to make labor supply and demand meet the ultimate goal of reducing the unemployment rate.

In line with these efforts, the department will submit to the municipal People's Committee a proposal for a project entitled "Dissemination of Laws for Workers and Employers". This initiative aims to meet Vietnam's international labor obligations for the period 2023-2030.