Vietnam – Unemployment rate drops to 2.2% in second quarter

By memberservices@staffingindustry.com (Danny Romero)

The unemployment rate in Vietnam stood at 2.26% in the second quarter of the year, the lowest level in five quarters according to data from the Ministry of Labor, Invalids and Social Affairs.

The data also showed that there were 1.08 million working-age people who were unemployed in the second quarter, down by 20,000 people during the previous quarter and 7,000 year-on-year.

The unemployment rate among those holding under-graduate and higher degrees rose to 3.63% in Q2/2017, up from 2.79% in Q1/2017. This means that up to 180,000 people with bachelor’s or master’s degrees found no jobs in the second quarter.

Dao Quang Vinh, director of the Institute of Labor and Social Science under the MoLISA, stated that the quality of the labour force continued to improve but at a slow pace.

Meanwhile, the Department of Overseas Labor announced that the total number of Vietnamese workers sent abroad to work in August 2017 was nearly 10,000. In the first eight months of 2017, the total number of Vietnamese labourers working abroad is 78,938 people (29,496 female workers).

Source:: Vietnam – Unemployment rate drops to 2.2% in second quarter