Young people three-times more likely to lose jobs than others
Overall unemployment is on the rise as businesses continue facing difficulties, MoLISA report reveals.
Q1 unemployment rate lower than global average
Rate comes in at 2.5% in the first quarter.
Retaining human resources crucial for post-pandemic recovery
Reduced working hours and unemployment have mostly affected unskilled workers in garments and textiles, leather and footwear, and wood processing.
Workers accessing unemployment insurance support
By August 19, eight days after implementation began, the VND1.1 trillion ($47 million) package from the Unemployment Insurance Fund to assist workers has helped more than 298,000 workers. The amount spent stands at nearly VND845 billion ($36 million), or 72 per cent of the plan.
Business closures triggering job losses
In August alone, Hanoi saw more than 1,000 businesses withdraw from the market, with thousands of people facing unemployment or loss of income.