Hanoi creates 14,000 new jobs despite Covid-19
Businesses in Hanoi have continued to hire workers with a salary of VND7-10 million (US$306-438) per month.
Businesses in Hanoi have continued to hire workers with a salary of VND7-10 million (US$306-438) per month.
The outlook for the labor market remains grim as the number of employed people continues to decline in the second quarter.
The latest Covid-19 outbreak in the country has delayed the recovery of the labor market, forcing workers, especially women, to seek jobs in informal sectors.
The pandemic has been the major factor that took away work opportunities of 1.6 million people.
In Vietnam, the largest youth job losses are seen in the textile industry with 15% of total, followed by hospitality & catering services, and agriculture.
The nationwide distancing order in the first 15 days of April was one of the key factors leading to GDP growth in the second quarter at just 0.36% year-on-year.
In the worst-case scenario, the number of workers losing their jobs could increase by 60,000 – 70,000 per month.
The number of newly-established enterprises in Vietnam in the first seven months of 2020 declined by 5.1% year-on-year to 75,200.
Half of the number of laborers have their income reduced by at least 20%, with the majority being low-skilled workers.
In May, the Hanoi Center for Employment Service received nearly 11,700 claims for unemployment compensation, an increase of nearly 41% year-on-year.