Log in
Social Affairs

Some 100,000 people in Vietnam may lose jobs per month on Covid-19

By the end of 2020, 70% of enterprises and 3.5-5 million workers are forecast to be negatively affected.

The Vietnamese Ministry of Labor, Invalids and Social Affairs has forecast that up to 100,000 workers would be laid off per month, mainly in the fields of tourism, accommodation and catering services, construction, transportation, processing and manufacturing.

 People losing jobs are forecasted to reach 100,000 per month. Photo: quochoi.vn

The number of people filing claims for unemployment benefits increased by 32% over the same period in 2019, to nearly 690,000 in the first seven months of 2020, or nearly 100,000 per month, compared to 60,000 – 70,000 per month on average in 2019.

Some industries that see the sharpest decrease in years in the number of workers over the same period of 2019 are processing and manufacturing, accommodation and catering services, education and training, wholesale and retail, auto and motorbike repair. 

It is forecast that by the end of the year, 70% of local enterprises and 3.5 to 5 million workers will face difficulties.

In the first half this year, some 29,000 enterprises temporarily suspended operations, up 38.2% over the same period last year. About 540,000 new jobs were created, reaching 35.6% of the plan for 2020 and equal to 73.8% of the same period last year.

As of June 2020, 30.8 million people aged 15 and more were hurt by the Covid-19 pandemic. In particular, 57.3% saw their incomes reduced.

Earlier, the government has approved a VND62 trillion (US$2.6 billion) financial support package for people and businesses affected by the Covid-19 pandemic.

In the second half of this year, authorities will take further measures to boost the labor market and connect supply-demand for laborers and employers. 

Vu Quang Tho, a labor expert, recommended that it is necessary to build a job reporting system to keep businesses operating and avoid layoffs. 

Reactions:
Share:
Trending
Most Viewed
Related news

More and more young people are unemployed

30 Sep, 16:51

The unemployment rate among young people aged between 15 and 24 saw a sharp increase of 6.31% in the first nine months of 2014, three times higher than the country’s average figure (2.12%), according to the General Statistics Office (GSO).

Government plans to slash 100,000 jobs

Government plans to slash 100,000 jobs

11 Feb, 09:24

The Government has announced an ambitious plan to slash 100,000 jobs over the next six years until 2020, in an effort to make State organisations more cost-effective.

PetroVietnam advances nationwide STEM classrooms to drive innovation and future talent

PetroVietnam advances nationwide STEM classrooms to drive innovation and future talent

PetroVietnam expands its STEM Innovation program to develop high-quality classrooms and strengthen Vietnam’s future workforce in science, technology and innovation.

Vietnam Happy Fest 2025 spreads joy through simple things

Vietnam Happy Fest 2025 spreads joy through simple things

The Vietnam Happy Fest 2025 honors the idea that joy comes from everyday moments and Vietnamese smiles, sharing a spirit of happiness with the world.

Flood-hit people to have houses by Lunar New Year as committed by Vietnamese Government

Flood-hit people to have houses by Lunar New Year as committed by Vietnamese Government

Rebuilding houses for disaster-affected residents must be linked with rural and regional plans to ensure immediate recovery and long-term safety.

Investments in infrastructures, teaching staff to drive English to become second language

Investments in infrastructures, teaching staff to drive English to become second language

Vietnam’s ambition to make English a second language in all schools has gained strong support, yet teachers, experts and lawmakers warn that the plan requires major upgrades in infrastructure, staffing and policy to succeed nationwide.

Four American scientists win 2025 VinFuture Grand Prize for HPV vaccine breakthroughs

Four American scientists win 2025 VinFuture Grand Prize for HPV vaccine breakthroughs

Four American scientists received the 2025 VinFuture Grand Prize in Hanoi for pioneering discoveries that led to the HPV vaccine, recognized as a major breakthrough in preventing HPV-related tumors and advancing global public health.

Vietnam's health sector pushes zero-fee hospital treatment for all

Vietnam's health sector pushes zero-fee hospital treatment for all

The policy is a financial measure to carry profound social significance, promote fairness in access to health services so that no one is left behind.

New flooding strikes Vietnam's central region and Central Highlands

New flooding strikes Vietnam's central region and Central Highlands

Floods triggered by torrential rains with localized downpours reaching more than 80mm continue to rage in the south central and Central Highlands regions of Vietnam, forcing urgent evacuations.

Vietnam expands int'l border gates eligible for e-visa entry

Vietnam expands int'l border gates eligible for e-visa entry

The expansion greatly benefits travelers flying to Vietnam, reinforces the country’s commitment to simplifying entry procedures and welcomes more international visitors.