Vietnam unemployment rate at 2.3%
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The Ministry of Labor, Invalids and Social Affairs said in its report that the ministry has focused efforts on looking for solutions to develop the labor export market as the domestic market is having trouble.
Around 1.6 million people were offered jobs last year, a 1% year-on-year increase. Of which some 1.5 million employees earned jobs in the country, up 0.3%, and 126,000 were sent overseas as guest workers, up 9.6%. The unemployment rate was 2.3%, broken down into a high rate of 3.18% in urban areas and 1.86% in the countryside.
However, there are still many shortcomings in creating jobs, especially for young adults and fresh college and university graduates. The third quarter of last year saw 202,000 with university or higher degrees unemployed. The number of students enrolled in vocational schools was still limited.
In addition, the number of Vietnamese working overseas illegally after the expiration of their work contracts has declined but still quite high in South Korea and Taiwan.
The number of workers sent overseas for guest work in 2016 grew by over 9%. However, Deputy Prime Minister Vu Duc Dam warned there should be stringent regulations towards Vietnamese employees working overseas. Otherwise, potential and major markets like Japan and South Korea will reject Vietnamese workers in the future.
Questions & Answers
Q.How many people found employment last year and what were the main categories?
How many people found employment last year and what were the main categories?
Around 1.6 million people were offered jobs last year, a 1% year-on-year increase. Of these, approximately 1.5 million secured employment within the country, while 126,000 were sent overseas as guest workers.
Q.What issues persist despite the reported unemployment rate?
What issues persist despite the reported unemployment rate?
Despite the overall unemployment rate, there are significant shortcomings in job creation, particularly for young adults and recent graduates. In the third quarter of last year, 202,000 people with university degrees or higher were unemployed.
Q.What concern has been raised regarding Vietnamese workers employed overseas?
What concern has been raised regarding Vietnamese workers employed overseas?
Deputy Prime Minister Vu Duc Dam warned that stringent regulations are needed for Vietnamese employees working abroad. Without these, important markets like Japan and South Korea could refuse Vietnamese workers in the future.