Vietnam’s labor market is an uninformed market. The labor resource survey reports of the General Statistics Office are only made quarterly, with many shortcomings such as lack of updating, lack of detail, low coverage, high costs due to human resource mobilization. After a long time after opening, Vietnam’s labor market still develops unbalanced. Specifically, the number of bachelors is constantly increasing, but the number of unemployment is also at the highest rate. In the first quarter of 2018, only 55.6% of people with a university degree got a job, compared to 72.9% in colleges and 79.1% in intermediate schools.
In the trend of digital transformation, collecting and analyzing labor market information is an urgent problem when the labor environment changes rapidly, and more and more traditional jobs are replaced by machines (according to Worldbank’s report in 2016). The project aims to build a group of foundational technologies to develop an online system for labor market data collection and analysis. This system automatically collects information related to the job market such as candidate profiles, job advertisements, thereby providing analytical results such as: (1) in-depth analysis information and updates on the labor market situation, (2) trends in required skill groups and vacancies, (3) job recommendations as well as suitable career paths for each individual employee.
With technology capable of providing detailed and timely analytical results, the project promises to help solve challenges that cannot be met by traditional statistical methods. Thereby, indirectly contributing to improving the efficiency of Vietnam’s labor market: reducing the unemployment rate, reducing the rate of unskilled work, under-trained capacity, etc.
Yourway.vn system is currently being deployed online at yourway.vn. The system provides analysis functions in terms of information dimensions: time, region, field of activity, and job location.