ILO predicts rise in unemployment for Vietnam

VIETNAM: The International Labour Organisation (ILO) has projected that the number of Vietnamese unemployed workers in 2022 will rise to 1.3 million, from the 1.2 million unemployed workers recorded last year.

In its World Employment and Social Outlook: Trends 2022 report, the ILO’s projection for 2022 was equal to that of 2020. Among Southeast Asian countries, Vietnam ranks second in terms of the most volume of unemployed labour. Indonesia is at the top, with 6.1 million unemployed individuals, and the Philippines is in third spot, with 1.1 million unemployed people.

"The complicated Covid-19 situations significantly affected people's lives in the first nine months of 2021," the ILO stated.

Since the pandemic began, Vietnam’s lockdowns and social distancing protocols have led to the shutdown or partial operations of many businesses.

According to the General Statistics Office, the country's unemployment rate rose to 3.72% in the third quarter of 2021, the highest since the pandemic started in early 2020. It had around 49.2 million workers aged 15 or older in the same period, down 1.9 million compared to the second quarter.

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