The economy gradually improves, the service industry contributes more than 43% to the overall development

Together with the efforts of the localities as well as the business community, all have created positive changes, opening up countless job opportunities for employees, contributing to sustainable development.

The service industry contributes more than 43% to the overall growth

The Government’s socio-economic recovery and development program has brought into play its impact and effectiveness, creating a driving force for rapid and sustainable economic recovery and development. According to a report by the General Statistics Office, the gross domestic product (GDP) in the first quarter of 2022 is estimated to increase by 5.03% over the same period last year, higher than the growth rate of 4.72% in the first quarter of 2021. In which, the service sector increased by 4.58%, contributing 43.16%; the agriculture, forestry and fishery sector increased by 2.45%, contributing 5.76% to the overall growth; and industry and construction increased by 6.38%, contributing 51.08%.

F&B market in early 2022 is vibrant with the appearance of many new restaurants

Vietnam’s labor and employment market in the first quarter of 2022 has gradually recovered with a flexible adaptive economy. Labor force, the number of employed people in the first quarter of 2022 increased compared to the previous quarter and compared to the same period last year, especially workers in the service industry increased significantly. In the first quarter of 2022, the number of employed people aged 15 and over was 50.0 million people, an increase of nearly 1 million people compared to the previous quarter and an increase of 132.2 thousand people over the same period last year.

In the service sector, in the first quarter of 2022, growth flourished when many service activities were active again. Industries in this field achieved positive growth, leading to a sharp increase in job demand. In which, the accommodation and food service industry increased by 268.8 thousand people (up 11.2%); education and training, an increase of 160.3 thousand people (up 9.3%); other service activities, an increase of 104.6 thousand people (up 11.0%).

Enterprises join hands to create positive changes for society and employees

Together with the government, businesses play an important role in creating momentum for economic recovery and social stability by creating jobs and improving the quality of life for local people. The recovery rate of labor in enterprises and individual business establishments in the first quarter of 2022 continued to be recorded at 16.8 million people and 13.3 million people, respectively an increase of 533.4 thousand people. and an increase of 521.5 thousand people compared to the fourth quarter of 2021.

Among them can be mentioned Nova Service (member of NovaGroup). Gathering 12 member companies and more than 50 brands in the field of Trade – Services, Nova Service has gradually created an ecosystem of utilities and services according to international standards, initially creating nearly 16,000 jobs for local workers.

Specifically, in the field of hotel – resort, Nova Hospitality has supported nearly 2,000 employees with stable income. NovaDreams – the developer and manager of regional amusement parks such as Circus Land; Tropicana Park; Florida Water Park… plans to recruit more than 2,300 employees for operations at NovaWorld Phan Thiet, NovaWorld Ho Tram.

Mercure Vung Tau – Top 25 best hotels in Vietnam on Tripadvisor is one of the leading hotel chains of Nova Hospitality

After 4 years of launching, CITIGYM (a prominent brand of Nova Service) has developed 7 clubs in Ho Chi Minh City, welcoming more than 100,000 registered customers. The current number of employees is about 1,000 people.

Circus Land – an amusement park promises to become the top destination for tourists when coming to Binh Thuan, contributing to creating thousands of local jobs.

In the retail sector, Nova FnB – the unit that manages a series of world-class food, coffee and entertainment brands – is expected to attract more than 5,000 local employees, serving the development plan. nearly 200 stores by the end of 2022.

Nova Commerce – a chain of stores, food supermarkets, and trade centers – aims to own 300 stores by 2022, and by 2025 to develop more than 2,000 points of sale. The expected staff size will reach 3,300 people.

Nova Market – Nova Commerce’s food supermarket chain plans to recruit 3,300 employees to meet its development plan from here to 2025.

The determination of the government, businesses and people to recover and develop the economy has created conditions for the labor market to gradually recover and achieve a flourishing growth rate. And to be able to continue to break through and ensure competitiveness, appropriate training programs and policies, improving the quality of labor resources are what needs to be done in the next period.