Nhan Kiet Supplying Manpower Company Limited (Vietnam)

The subject specializes in providing sublet labor for seasonal workers, labor legalization, payroll services, recruitment services, etc. According to the Deputy General Director, the main field of activity is labor subleasing, providing seasonal labor to labor-intensive manufacturing enterprises or businesses that want to use outsourced labor as a competitive advantage. Its services are supplied to many large clients such as Samsung, Foster, Masan, Cholimex, Heineken, Nutifood, Shinhan Bank, etc. He also added total office staff of the subject was about 300 and it had about 40,000 sublease labor (signing contract directly with the subject).Besides some industries that are negatively affected, there are still many occupations with increased indexes, thereby helping the labor market continue to have good changes, and recruitment demand increases in the last months of 2023. Ministry Labor - Invalids and Social Affairs said that the labor force and the number of employed people in the third quarter of 2023 continued to increase compared to the previous quarter and compared to the same period last year.  The situation that hundreds of thousands of workers were forced to take time off, quit or lose their jobs in many enterprises taking place from the fourth quarter of 2022 has cooled down.Enterprises' demand for labor recruitment in the first months of 2023 is still higher than the number of unemployed workers. Along with that, the number of newly established businesses is higher than the number of businesses withdrawing from the market, thereby contributing to creating many jobs for workers. More affected by lack of orders and labor cuts, in some southern localities, businesses still have recruitment needs. The need to recruit unskilled workers in the last months of the year will be mainly to supplement depleted resources and a few to serve production expansion. In addition, in the last months of the year, businesses need to recruit untrained/part-time/seasonal workers, so the need for unskilled ones is quite large. Therefore, the subject's business situation in the last months of 2023 will be busier and more positive.