The Covid-19 pandemic caused turbulence in the labor market in Vietnam in 2021.
Data released recently by the General Statistics Office shows that in 2021 the average monthly income of workers in Vietnam was 5.7 million VND, down 32,000 VND compared to 2020.
More than 1.4 million Vietnamese were unemployed in 2021, up 203,700 from the previous year or 17 percent, due to impacts of the worst-ever fourth wave of COVID-19 infections for months, data from the General Statistics Office showed.
The number of employed people in Q3/2021 fell sharply compared to the previous quarter and the same period of last year, while unemployment and underemployment rates increased to an all-time high.
The National Assembly Standing Committee has permitted the Government to use VND30 trillion from the Unemployment Insurance Fund in order to support employees affected by the prolonged impact of the COVID-19 pandemic.
90% of tourism workers in Hanoi lose jobs in first half of 2021
The rapid development of technology is a threat to workers, as robots can now replace many hotel and bank officers.
Many carpenters are gathering on Hanoi's Nguyen Dinh Chieu Street to wait for the busy time ahead of the Tet Holiday.
Due to the impact of the Covid-19 pandemic, thousands of workers in HCM City have lost their jobs or have had their wages reduced.
As of September, 31.8 million above-15-year-old labourers in Vietnam were negatively affected by the COVID-19 pandemic with either job losses, reduced working hours and income or rotational leave.
A total of 2.4 million jobs have been lost in Vietnam in the first two quarters this year, the biggest reduction for the period in the past decade, due to the COVID-19 pandemic.
The number of unemployed youths in Vietnam may double this year, while the employment prospects of 663 million young people in Asia and the Pacific face challenges as a result of COVID-19 pandemic.
By the end of 2020, 70% of enterprises and 3.5-5 million workers are forecast to be negatively affected.
Thousands of businesses have suspended their operation or filed for dissolution because of Covid-19, causing tens of thousands of workers to become redundant.
Some 30.8 million people aged over 15 in Vietnam have been left reeling by the coronavirus pandemic, with 897,500 losing their jobs, a meeting in Hanoi on July 10 heard.
Some 30.8 million employees aged over 15 in Vietnam had been left reeling from the coronavirus pandemic by June, with roughly eight million being laid off or having their working hours reduced and 17.6 million given salary cuts.