Laos in need for 500,000 skilled workers

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Laos workersThe Lao government is alarmed about a serious shortage of skilled human resources in the country as it estimated that 500,000 labourers will be needed by 2015 on the back of strong economic growth which is forecast at 7.6 per cent annually through 2015 by the World Bank.

However, the country could supply only about 55,000 workers a year, according to a statement by the Labour and Social Welfare Ministry reported by the Vientiane Times.

Demand for skilled labourers grows as foreign firms plan to relocate their factories to Laos due to low labour wages, but they are required to give privileges to Lao workers for job opportunities. Lao nationals must make up 70 per cent of the workforce in a firm, according to the country’s labour law.

The current monthly minimum wage in Laos 626,000 kip ($81). It was almost doubled from the old rate of 348,000 kip before January 2012.

Many skilled and semi-skilled workers as well as thousands of farm workers from Laos have left the country to seek better-paid jobs in neighbouring Thailand where the minimum monthly wage is 9,000 baht ($310).

 

 

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Reading Time: 1 minute

The Lao government is alarmed about a serious shortage of skilled human resources in the country as it estimated that 500,000 labourers will be needed by 2015 on the back of strong economic growth which is forecast at 7.6 per cent annually through 2015 by the World Bank.

Reading Time: 1 minute

Laos workersThe Lao government is alarmed about a serious shortage of skilled human resources in the country as it estimated that 500,000 labourers will be needed by 2015 on the back of strong economic growth which is forecast at 7.6 per cent annually through 2015 by the World Bank.

However, the country could supply only about 55,000 workers a year, according to a statement by the Labour and Social Welfare Ministry reported by the Vientiane Times.

Demand for skilled labourers grows as foreign firms plan to relocate their factories to Laos due to low labour wages, but they are required to give privileges to Lao workers for job opportunities. Lao nationals must make up 70 per cent of the workforce in a firm, according to the country’s labour law.

The current monthly minimum wage in Laos 626,000 kip ($81). It was almost doubled from the old rate of 348,000 kip before January 2012.

Many skilled and semi-skilled workers as well as thousands of farm workers from Laos have left the country to seek better-paid jobs in neighbouring Thailand where the minimum monthly wage is 9,000 baht ($310).

 

 

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