HAIPHONG LABOUR REPORT
Hai Phong is the biggest port city of Northern Vietnam, the third-largest city after Ho Chi Minh and Hanoi, Hai Phong City has an abundant workforce with a young labor structure and high labor productivity. The quality of labor in recent years has also gradually improved; the trained labor has partly met the requirements of the business and the labor market. The labor demand is expected to rise significantly as more industrial parks are likely to be inaugurated in the next few years; in particular, the demand for unskilled labor is likely to rise further. Labor cost in Hai Phong is considered to be lower compared to its peer regions, such as Bac Ninh – Bac Giang or Binh Duong – Dong Nai. The government has been continuing to improve the investment and business environment in Hai Phong. Tax incentives have been one of the key elements in this metro area’s tax policy, helping it to become an attractive investment destination for foreign direct investment. Along with tax incentives, a number of infrastructure improvement and upgrading projects have been completed and put into use, thereby gradually improving the quality and safety of the infrastructure in the city. Strategically situated on the edge of the Red River Delta and with close proximity to the border with China, Hai Phong serves as a major trading hub. The city has many container ports that have been invested and continue to expand, contributing to the development of the logistics services, and has increased the competitiveness of this city vis-a-vis other provinces in the region.
REPORT
