VTC Manpower Survey

Insurance Industry - 2025 Manpower Survey Report Image

Insurance
2025 Manpower Survey Report

Hong Kong’s insurance industry is undergoing a period of transformation, driven by regulatory developments, technological advancement, and strategic market expansion. The introduction of new accounting and capital regimes is increasing demand for specialised capabilities across actuarial, compliance, and data engineering functions. At the same time, digital innovation, ecosystem development, and demographic trends, most notably an ageing population, are reshaping product design and distribution, while accelerating the need for expertise in data analytics, digital health, and insurance technology.
Closer integration with the Greater Bay Area and alignment with national policy priorities further enhance opportunities for cross-border services and the development of high-quality, customer-centric solutions. To sustain Hong Kong’s position as a leading global insurance hub, a strategic approach to workforce planning is essential. Targeted upskilling in digital and analytical competencies, together with the strengthening of the talent pipeline, will be critical to supporting long-term growth, resilience, and innovation in an increasingly complex operating environment.

Accountancy Sector - 2025 Manpower Survey Report Image

Accountancy
2025 Manpower Survey Report

Hong Kong’s accounting sector is undergoing significant transformation driven by market growth and structural change. New international standards, together with enhanced ESG and anti‑money laundering requirements, are expanding the scope and complexity of the profession, while Hong Kong’s role as a financial gateway and family office hub is increasing demand for cross‑border services. These developments are shifting accountants’ roles from traditional compliance to advisory functions, requiring new skills in data analytics, technology application, and sustainability reporting. However, talent shortages and changing career expectations present challenges. This report analyses key factors shaping the sector’s outlook and provides recommendations for the Government, employers, employees, and education institutions to strengthen talent development and support the profession’s long‑term competitiveness.

Banking and Finance Industry - 2025 Manpower Survey Report Image

Banking and Finance
2025 Manpower Survey Report

Hong Kong is a leading international financial centre undergoing rapid transformation driven by digitalisation, regulatory developments and deeper integration with national strategies. This Manpower Survey Report examines evolving talent needs in the banking and financial industry, identifies emerging skills in areas such as cross‑border finance, digital assets, data analytics and financial technology, and assesses potential skills gaps. It also provides targeted recommendations for the Government, industry and education providers to support manpower planning, talent development and workforce readiness, ensuring the industry remains competitive and future‑ready.

Healthcare and Wellness Sector - 2024-2025 Manpower Survey Report Image

Healthcare and Wellness
2024 Manpower Survey Report

Hong Kong’s healthcare and wellness sector is under growing pressure as an ageing population drives higher rates of chronic diseases and increases demand on public health services. This strain is exacerbated by a persistent shortage of healthcare professionals in hospitals and by workforce ageing in settings for elderly care and rehabilitation services. Rising community stress levels, intensified by economic uncertainty, are further elevating mental health needs. Despite these challenges, significant opportunities are reshaping the sector’s future development. Government strategies are strengthening primary healthcare and shifting the system towards prevention-oriented and community-based care. Deeper collaboration within the Greater Bay Area is expanding access to cross-border healthcare services, streamlining drug approvals, and enhancing talent exchange. Rapid advancements in AI, biotechnology, and health technology improve diagnostic precision and operational efficiency, whereas gerontechnology supports ageing-in-place and enhances the elderly’s quality of life. There is a pressing need for targeted training programmes to address the talent shortages and skills gaps. Specialised training in community-based healthcare, AI applications, and soft-skills competency will be crucial for equipping professionals with the capabilities needed to thrive in this dynamic sector.

Merchandise Trading and E-commerce Industry - 2024 Manpower Survey Report Image

Merchandise Trading and E-commerce
2024 Manpower Survey Report

The Merchandise Trading and E-commerce industry is facing significant challenges, driven by global trade tensions and rising outflow of local consumer spending due to change in consumption patterns. To address these challenges, Government should continue fundings and initiatives in supporting companies to develop E-commerce businesses and recruit talents through initiatives and regularization of Vocational Professionals Admission Scheme. Training institutions should collaborate with industry partners to offer training for emerging skills in this rapidly evolving industry. Employers and employees are encouraged to leverage various government schemes for talent development and skills enhancement.

Innovation and Technology Sector - 2025 Manpower Update Report Image

Innovation and Technology
2025 Manpower Update Report

In the face of rapid technological advancements, Hong Kong’s innovation and technology sector is being fortified by national strategies and robust local policy initiatives that focus on frontier technologies. This ecosystem is further propelled by research and development (R&D) platforms. Hong Kong’s roles as a “super‑connector” and “super value-adder” underlines a strategic pathway toward deeper integration of innovation and commercialisation. The talent market signals a clear imperative to embrace emerging technologies, especially in the realm of artificial intelligence. To maintain competitiveness, coordinated efforts among the Government, training institutions, employers and graduates/ employees are essential. The Government should incentivise industry-academia collaboration to accelerate the commercialisation of R&D and expand interdisciplinary STEAM pathways. Training institutions must align their curricula with both market needs and certification requirements – encompassing both Chinese Mainland and international standards – while also enhancing reskilling and upskilling initiatives. Employers should implement robust support systems to retain incoming talent, while graduates and employees should embrace lifelong learning, cultivating soft skills and an innovative mindset. This proactive strategy not only addresses immediate manpower gaps but also equips Hong Kong’s workforce for the next wave of technological transformation.

Real Estate Services Industry - 2025 Manpower Update Report Image

Real Estate Services
2025 Manpower Update Report

PropTech applications now span the entire Real Estate Services Industry but regulations have not yet fully kept pace with technological developments. To avoid legal ambiguities from impeding the adoption of the latest technology, it is hoped that the Government could establish comprehensive legal frameworks to govern PropTech applications, particularly those concerning privacy and security risks. At the same time, employees should proactively develop their soft skills – the irreplaceable human edge that will ensure their career resilience in the increasingly automated industry.

Print Media and Publishing Industries - 2025 manpower Survey Report Image

Print Media and Publishing
2025 Manpower Survey Report

Hong Kong’s print media and publishing industries are undergoing structural change, with traditional print volumes, company numbers and overall employment trending down amid digital disruption and rising costs. At the same time, rapid growth in digital printing, e‑commerce–driven packaging and new publishing formats such as e‑books, audiobooks and AI‑enabled content is creating fresh business opportunities. These shifts are sharpening demand for talent with strong digital, technical and creative skills, while an ageing workforce, notable vacancies in technical and editorial roles and difficulties in attracting younger entrants highlight the urgent need to replenish, upskill and diversify the manpower pool.

Automobile Industry - 2025 Manpower Update Report Image

Automobile
2025 Manpower Update Report

Outlined in the “Hong Kong Roadmap on Popularisation of Electric Vehicles”, the HKSAR Government’s commitment to achieving zero vehicular emissions by 2050 remains a central driver of industry transformation. By the first half of 2025, global electric vehicle (EV) sales surged, capturing over 25% of the total car market, reflecting a relentless global push towards electrification. In Hong Kong, EVs accounted for over 70% of new private car registrations, highlighting rapid local adoption. Despite this growth, the servicing sector remains dominated by internal combustion engine (ICE) vehicles, sustaining significant demand for their maintenance. For commercial vehicles, the government is advancing trials for electric taxis and hydrogen fuel cell vehicles, diversifying the new energy transport landscape. The industry's evolution now demands a workforce skilled in mechatronics, digital diagnostics, etc., underscoring the need for tailored training programmes to equip students and practitioners with the required skills.

Maritime Services Industry - 2024 Manpower Survey Report Image

Maritime Services
2024 Manpower Survey Report

Employers in the maritime sector were surveyed on their expectations for the business environment over the next two years. The findings reflect a steady outlook, with some signs of optimism across the industry. A portion of respondents (3.8%) anticipated an improvement in the business climate, with 74.1% of them expecting a business volume increase of under 25%. This outlook is supported by projections of rising demand for transport and logistics services and the potential for more favourable ship acquisition costs. Meanwhile, 24.5% of respondents expected stable or moderated business activity, with 51.1% projecting a business volume adjustment of less than 25%. Factors influencing these expectations include global economic trends and evolving cost structures. Overall, the results suggest a stable business environment with opportunities for growth, particularly through enhanced demand and operational efficiencies.

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