Over 45,600 new jobs generated in Q1
VGP - Over 45,600 new jobs were created in Ha Noi in the first quarter of this year, representing 27.6 percent of the annual target and a 2.3 percent year-on-year increase.
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The Viet Nam Bank for Social Policies, entrusted by municipal authorities, played a key role by providing loans totaling VND 886.9 billion (US$36.95 million) to the poor and social welfare beneficiaries. This initiative is credited with creating employment opportunities for 13,900 workers.
The Ha Noi Employment Service Centre facilitated job creation through various channels.
They organized 54 job fairs with the participation of over 1,700 enterprises and 11,500 job seekers, resulting in over 3,700 successful placements.
Additionally, the center assisted 1,100 people with securing employment contracts for work abroad, primarily in Japan, Taiwan (China), and the Republic of Korea (RoK).
Through guidance and referrals from businesses in the employment sector, an estimated 26,900 people found employment.
During the period, unemployment insurance benefits totaling VND 450.4 billion were distributed to roughly 14,000 people.
The manufacturing and electricity production and distribution sectors saw workforce reductions of 2.9 percent and 0.4 percent, respectively. In contrast, the water supply and waste treatment sector experienced a 1.3 percent growth, and the mining sector witnessed a substantial surge of 49.7 percent.
Despite the positive employment figures, the data revealed a slowdown in business registration. The city granted certificates to 6,944 new businesses, reflecting a 6 percent decrease in volume and a 4 percent decline in total registered capital compared to the same period last year.
The number of dissolved businesses rose by 23 percent to 1,121, and nearly 12,400 others temporarily suspended operations, marking a 25 percent increase. However, there was a positive sign with a 10 percent rise in firms resuming operations, reaching 3,748./.
