New report
Quarterly report shows positive signs in labour market
The first Viet Nam Labour Market Update which aims to analyse new trends in the labour market for better labour and employment policy-making has been completed with ILO’s technical and financial support.
Viet Nam’s first Labour Market Update was published on 21 March, highlighting a 1.7 per cent rise in jobs in the last quarter of 2013 compared to the same period in the previous year.
The publication also showed other positive signs in the labour market, including increase in percentage of skilled workers, wage workers and labour income.
The average monthly wage of waged workers in the last quarter of 2013 was VND4.11 million (US$195), higher than the third quarter but slightly lower than the same period of the previous year due to the credit crunch.
According to the publication, unemployment rate among young people aged 15-24 in Viet Nam was 5.9 per cent in the fourth quarter of 2013, well below the global average of 13.1 per cent.
However, youth joblessness remained a major concern as it was over five times higher than adults’ unemployment rate. The rate was particularly worrying among university and college graduates, with one in every five of them was unemployed.
The quarterly, which aims to analyse new trends in the labour market for better labour and employment policy-making, was completed by the Ministry of Labour, Invalids and Social Affairs in coordination with the General Statistical Office with ILO’s technical and financial support.
The publication also showed other positive signs in the labour market, including increase in percentage of skilled workers, wage workers and labour income.
The average monthly wage of waged workers in the last quarter of 2013 was VND4.11 million (US$195), higher than the third quarter but slightly lower than the same period of the previous year due to the credit crunch.
According to the publication, unemployment rate among young people aged 15-24 in Viet Nam was 5.9 per cent in the fourth quarter of 2013, well below the global average of 13.1 per cent.
However, youth joblessness remained a major concern as it was over five times higher than adults’ unemployment rate. The rate was particularly worrying among university and college graduates, with one in every five of them was unemployed.
The quarterly, which aims to analyse new trends in the labour market for better labour and employment policy-making, was completed by the Ministry of Labour, Invalids and Social Affairs in coordination with the General Statistical Office with ILO’s technical and financial support.