Domestic businesses 'keep pace' with the industrial labor market.

In the final months of the year, the industrial labor market in the province witnessed a clear shift. Domestic businesses increased recruitment, while some FDI enterprises adjusted their workforce according to production cycles. Despite the shift between industry groups, employment and income for workers remained stable, reflecting the restructuring trend of the labor market and creating an important impetus for the continued growth of the province's industrial sector.

By 2025, TNG Investment and Trading Joint Stock Company will ensure stable employment for nearly 19,700 workers, an increase of approximately 10% compared to 2024.

By the end of November 2025, the labor structure in the industrial sector has shifted towards reallocation among enterprise groups. The total labor force in the industry has decreased by more than 3% but employment and income are still guaranteed. Notably, the domestic enterprise sector continues to expand its scale, becoming a bright spot in the province's production and export recovery picture.

At the factories of TNG Investment and Trading Joint Stock Company - the largest garment enterprise in the province, production activities at the end of the year were very vibrant. The signal of recovering export orders from the beginning of the year helped TNG maintain a stable growth momentum, ensuring jobs for nearly 19,700 workers, an increase of about 10% compared to the same period in 2024.

Mr. Nguyen Van Thoi, Chairman of the Board of Directors of the Company, said: TNG's targets up to this point have all been achieved and exceeded. Sales revenue in 2025 reached VND 8,560 billion, equal to 106% of the plan, up 11% over the same period; profit after tax was VND 375 billion, equal to 110% of the plan, up 19%; budget payment was VND 96 billion, up 1%. Average income of employees reached VND 10.5 million/person/month, equal to 105% of the plan, up 11%.

Since the end of the third quarter, TNG has built a plan for 2026, setting a growth target of 15-20% and assessing this increase as feasible thanks to market forecasts and the company's reputation.

Contrary to the trend of increasing labor in the domestic sector, many FDI enterprises are entering a period of adjusting human resources according to the production cycle. This is a common development when orders are more concentrated in the second and third quarters of the year.

Mr. Hong Sung Pyo, Deputy Director of Khvatec Thai Nguyen Co., Ltd., said: The fourth quarter is a period of slow production because the peak of orders usually falls in the third quarter, so the demand for labor is partially reduced. However, the company's 15% growth target in 2025 is not affected. Because the demand for labor depends on the cycle, there are times when the company has difficulty recruiting, directly affecting the production plan and is in great need of support from the locality.

By 2025, Khvatec Thai Nguyen Co., Ltd. aims for a 15% growth rate, ensuring stable employment for over 1,000 workers.

Statistics show that by the end of November 2025, the total number of industrial workers in the province decreased by 3.08%. Of which, the FDI sector decreased by 6.28%, state-owned enterprises decreased by 2.37%; on the contrary, the non-state industrial enterprise sector increased by 3.55%, demonstrating a clear expansion of the scale of domestic enterprises.

The decrease in labor is mainly in the processing and manufacturing industry - a sector that is greatly affected by fluctuations in international orders. Professional agencies assess this as a cyclical adjustment, consistent with actual market developments.

Along with the initiative of enterprises, labor market support activities continue to be implemented regularly. In 11 months of the year, more than 5,500 people were connected and introduced to jobs, and over 1,800 people found suitable jobs through the trading sessions. Thanks to that, the labor supply is basically stable, meeting the human resource needs of enterprises during the period when many units accelerate production at the end of the year.

According to experts, the Thai Nguyen industrial labor market is shifting towards reasonable restructuring. The domestic enterprise sector maintains stable production, expands its scale and continues to play a pivotal role in ensuring employment; the FDI sector flexibly adjusts recruitment according to the production cycle, contributing to creating balance for the entire labor market.

The coordination between the two business sectors, together with the province's employment support policy, helps Thai Nguyen's industry maintain growth momentum and create an important foundation for the 2026 development target.

Source: https://baothainguyen.vn/xa-hoi/202512/doanh-nghiep-noi-giu-nhip-thi-truong-lao-dong-cong-nghiep-c933bbc/