December 12, 2008: The outlook for Vietnam’s labor exports has become increasingly grim as the global recession takes hold. Based on research on Vietnamese businesses, Balita, an online news source, reported today that overseas demand for Vietnamese workers during the second half of this year had dropped by 40 percent compared to the same period last year.
The same article states that Malaysia, which usually recruits approximately 30,000 Vietnamese workers annually, this year has received just over 7,000.
But it is not simply Vietnamese labor exports to the developing world that are drying up. The Balita article includes the news that thousands of Vietnamese laborers who were in the process of applying for work in the Czech Republic have found themselves on hold due to a Czech decision to halt the granting of visas to Vietnamese citizens.
To read more about the outlook for Vietnamese exports of guest workers, click here.