The Vietnamese Labor Market Landscape in 2025

The year 2025 has begun with a significant upheaval in Vietnam’s labor market. The global economy is still recovering from geopolitical tensions and the aftermath of COVID-19. Many domestic companies are under pressure to restructure, cut costs, and innovate their business models. As a result, a wave of layoffs is spreading across various industries — from manufacturing and finance to technology and media. Notably, FDI enterprises in southern Vietnam have also begun reviewing their workforce size.

In this context, workers — including senior personnel and fresh graduates — face unprecedented challenges. How can one maintain career value? How can one adapt to a rapidly changing job market? NIC Global — a reputable and professional human resource solutions provider — sat down with Ms. Pham Phuong Thu, HR Director at NIC Global, to offer in-depth insights and practical advice for workers.

How Is the Labor Market Changing?

“We are witnessing a major wave of workforce restructuring.”

According to Ms. Pham Phuong Thu, 2025 marks a strategic shift for many businesses. The combination of technology-driven operations and market pressures prompts companies to streamline their teams, retaining only those who genuinely add value.

“Since the beginning of 2025, we’ve received hundreds of applications from candidates who previously held key positions at large corporations. This indicates that layoffs are no longer limited to junior staff — they’re increasingly affecting mid- and senior-level management,” she shared.

This shift also reflects a new reality: skills and work capacity matter more than years of experience. Employers are seeking flexible individuals with a strong learning mindset, technological proficiency, and business acumen.

What Should Workers Do to Adapt?

1. “No one is 100% safe — always be proactive.”

Ms. Thu emphasizes that workers must abandon the “job security” mindset and take control of their careers. Waiting for management to chart your path is no longer viable in today’s volatile environment.

“You must be the first to plan your career. Learn new skills, stay updated with industry trends, and be ready to adapt — that’s how you become indispensable in the eyes of employers.”

2. Invest in “soft skills” and adaptability

Beyond technical skills, qualities like communication, teamwork, emotional intelligence, critical thinking, and digital literacy are becoming essential across all industries. Above all, the ability to quickly adapt to new roles and environments is key to career resilience.

3. Employee experience will determine where you stay

Besides salary and benefits, today’s workers prioritize a friendly work environment, clear career development paths, and a supportive culture. Now is the time for companies to elevate employee experience to truly retain talent.

“Workers are no longer just looking for a job — they’re looking for a place where they can grow a long-term career. Companies that build sustainable environments will become the top choice in the post-layoff era.”

4. Don’t hesitate to pivot — but do it strategically

If you’re affected by a layoff, don’t rush into just any job. Instead, reassess your skills, acquire new ones, and redefine your career goals. NIC Global has observed a rising trend of candidates proactively switching industries, working as freelancers, or starting small businesses to adapt to the new reality.

Fresh Graduates: Challenge or Opportunity?

The wave of layoffs has left many students feeling lost. However, Ms. Pham Phuong Thu believes that graduates hold a huge advantage: adaptability and a clean slate, free from the constraints of previous work experience.

“Young people should view this period as an opportunity to define themselves. Choose environments where you can learn, grow, and build a strong foundation — rather than chasing short-term high salaries.”

NIC Global is currently partnering with many universities to connect students with internships and part-time jobs, helping them build a solid career foundation from the very beginning.

NIC Global: Supporting the Workforce

With over 20 years of experience in the HR industry, NIC Global is a leading provider of outsourcing services, mass recruitment, HR strategy consulting, and layoff support.

NIC Global is implementing several support programs for workers, such as:

• 1:1 Career Counseling
  
• Free Soft Skills & Job Skills Training Programs
  
• Updated Job Opportunities at Large Companies Still Hiring
  

“We are committed to ensuring that no worker faces career crises alone. No matter who you are or your current position, we will always have the right solution to help you restart stronger,” Ms. Pham Phuong Thu affirmed.

Ready for the Future

The layoff wave is an unavoidable reality. But instead of fearing it, workers should proactively prepare for the future. Every crisis opens a door to opportunity — whether you’re ready to walk through it.