Youth make up large portion of unemployed labour

Young people make up a large proportion of unemployed labourers, according to figures released by the Department of Employment under the Ministry of Labour, Invalids and Social Affairs (MOLISA).

At a conference assessing the effectiveness of policies on vocational training and job creation held in Hanoi on September 23, the department said 62.6 % of the unemployed are youth. 

The country has 13.52 million employed young labourers, or 25.2 % of its work force, but more than 50 % of them do not have labour contracts. 

The unemployment rate among youth aged from 15 to 24 is 6.2 %, tripling the country’s average. 

Youth make up 35 % of the country’s work force and up to 95 % of the 1.2-1.5 million people joining the job market every year. 

From 2011-2014, Vietnam provided jobs for around 1.5-1.6 million labourers each year. In the first seven months of this year, more than 903,000 labourers were employed, 60 % of whom were young people. 

The National Fund for Jobs has generated employment opportunities for about 100,000 labourers each year, half of them are youth and mostly in rural areas. 

Over the past five years, the country has sent 9,500 workers from impoverished districts to Malaysia, the United Arab Emirates, the Republic of Korea and Japan.