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Update news unemployment rate
The Government has set a GDP growth target of 6.5% for 2023 although most developed economies are on the verge of recession, especially the U.S. and the European Union. Businesses and households should prepare for the worst-case scenario.
Nearly all provinces have reported their 2023 Tet (lunar New Year) bonus plans. Binh Duong is offering the highest Tet bonus, VND896 million.
Of 60,000 workers from 500 enterprises surveyed, 56 percent said they will get a pay rise in 2022.
Hiring is booming in Hanoi and labor demand keeps rising.
The number of workers with jobs in Q2 in 2022 increased compared to Q1 and Q2 in 2021, with the number of workers in the service sector increasing considerably year on year. Their average income also rose.
Thousands of workers in the garment and footwear industries will be laid off soon as companies still cannot receive new orders.
Nguyen Canh Viet, 29, from Ha Tinh province, still cannot leave fir Japan to work despite the scheduled departure in early May.
Now is the time when enterprises are feeling the ‘brutality’ of the Covid-19 epidemic. They have had to lay off many workers as they cannot maintain production and have received no orders.
Worker demand is expected to soar after COVID-19. Businesses will expand recruitment activities as they need workers to revive production and grab opportunities from investors' relocation moves.
The unemployment rate among those aged 15 and above in Vietnam stood at 2.05 percent last year and the figure in urban areas is almost double that of rural areas, the 2019 population and housing census reveals.
Both enterprises and workers need new recruitment methods to optimize human resources, experts say.
Covid-19 has upset businesses’ recruitment and workers’ job application plans.
The pandemic has caused many workers to take unpaid leave for an indefinite time.
The Purchasing Managers’ Index (PMI) in Vietnam fell from 49 points in February to 41.9 points in March.
As many enterprises are considering laying off workers, the unemployment rate is expected to rise in the time to come.
Every time a new coronavirus infection case is uncovered, Ngoc, 26, and her colleagues feel worried about who will be the next worker laid off.
Employers all say Vietnamese university graduates are weak at soft skills, while schools have been blamed for not equipping their students with these skills.
The number of unemployed workers with bachelor’s degree is four times higher than the number of unemployed workers who have graduated from junior college and intermediate school.
M&A has been and will continue to be the major investment trend in Vietnam’s educational sector in the time to come, according to Troy Griffiths, deputy CEO of Savills Vietnam.
Between 70 and 80 percent of the unemployed are junior college (3-year training) or university (4-5 year training) graduates.