Major factories in Ho Chi Minh City reported over 90 percent of employees returning to work after the nine-day Tet holiday, abating employer concerns of a labor shortage.
Some factories with high return rates are Samsung electronics manufacturer HCMC CE Complex (95 percent) and motor parts maker Nidec Sankyo (94 percent). Other manufacturers like Intel and Jabil also reported a return rate of over 90 percent.
Eight factories in Saigon Hi-tech Park of Thu Duc City, which utilize over 45,000 employees, reported between 80 percent and 95 percent of workers returning to work Tuesday after the annual Lunar New Year’s holiday Tet, according to park data.
Over 17 industrial zones and manufacturing areas where 273,000 employees work posted a return of 82 percent.
The high return rate is considered a relief to HCMC employers who, before the holiday, had expected a shortage of workers after Tet as many preferred to stay in their hometown.
Tet, Vietnam’s biggest national holiday, is a time when workers of large industrial parks leave en masse for their hometowns for family renuions.
Some factories of Vinatex, one of the biggest garment companies in Vietnam, posted a worker return rate of 100 percent as the company started off the year three days before the holiday ended to meet the surge in order numbers.
Pou Yuen, footwear maker and biggest employer in HCMC, is expected to see its return ratio rising from 64 percent Monday to 90 percent Wednesday.