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45,600 new jobs created in Hanoi in Q1

Over 45,600 new jobs were created in Hanoi in the first quarter of this year, representing 27.6% of the annual target and a 2.3% year-on-year increase.
45,600 new jobs created in Hanoi in Q1 ảnh 1A job festival draws numerous students (Photo: VNA)
Hanoi (VNA) – Over45,600 new jobs were created in Hanoi in the first quarter of this year, representing 27.6%of the annual target and a 2.3% year-on-year increase.

The Vietnam Bank for Social Policies, entrustedby municipal authorities, played a key role by providing loans totaling 886.9billion VND (36.95 million USD) to the poor and social welfare beneficiaries.This initiative is credited with creating employment opportunities for 13,900workers.

The Hanoi Employment Service Centre facilitated job creation through various channels. They organised 54 job fairswith the participation of over 1,700 enterprises and 11,500 job seekers,resulting in over 3,700 successful placements. Additionally, the centreassisted 1,100 people with securing employment contracts for work abroad,primarily in Japan, Taiwan (China), and theRepublic of Korea (RoK). Through guidance and referrals from businessesin the employment sector, an estimated 26,900 people found employment.

During the period, unemployment insurance benefitstotalling 450.4 billion VND were distributed to roughly 14,000 people.

The manufacturing and electricity productionand distribution sectors saw workforce reductions of 2.9% and 0.4%,respectively. In contrast, the water supply and waste treatment sectorexperienced a 1.3% growth, and the mining sector witnessed a substantial surgeof 49.7%.
45,600 new jobs created in Hanoi in Q1 ảnh 2At a garment factory (Photo: VNA)


Despite the positive employment figures, thedata revealed a slowdown in business registration. The city grantedcertificates to 6,944 new businesses, reflecting a 6% decrease in volume and a4% decline in total registered capital compared to the same period last year.

The number of dissolved businesses rose by 23%to 1,121, and nearly 12,400 others temporarily suspended operations, marking a25% increase. However, there was a positive sign with a 10% rise in firms resuming operations, reaching 3,748./.
VNA

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