Economy shows signs of stability
- More than 31,000 illegal foreign labourers in Vietnam
Nguyen Thi Xuan Mai, Director General of the Population and Labour Department, said that in the first two quarters of 2012, unemployment fell 0.34 percent to 3.62 percent in urban areas, and 0.37 percent to 1.65 percent in rural areas, compared to last year’s same period.
Also in the first half of the year, 3.06 percent of labourers were underemployed, Mai said, stating that the rate remained at 1.92 percent in rural areas and 3.6 percent in the cities.
Unemployment in Vietnam is equal to other countries in the region and much lower than many developing and developed countries such as South Africa (25 percent), Iran (11.5 percent), the Netherlands (9.6 percent), Spain (21.6 percent), and France (9.3 percent).
Vietnam now has 47.1 million working age people, up 0.6 percent against the same period last year. Of that total, female workers account for 46.3 percent; 48 percent are working in the agriculture-forestry-fishery sector, 20.9 percent work in industry and construction, while 31.1 percent are employed in the service sector.
In an effort to ensure social welfare, the Prime Minister has issued a decision on adjustment in lending levels and loan interest rates applicable to pupils and students to help poor households.
The monthly minimum wage has also increased from VND830,000 to VND1.05 million, aiming to improve workers’ living conditions.