10% of young Vietnamese unemployed
One in 10 young people is unemployed and the risk of losing a job for young workers is three times higher than that of older laborers, the government has reported.
The unemployment rate among young laborers (aged 15-29) was 7.6% over the first quarter of this year, according to official data.
The figure is 3.4 times higher than the overall rate (2.25%), Deputy Minister of Labor, Invalids and Social Affairs Le Van Thanh told a forum on Friday.
He said the rate is not alarming compared to that of the region and the world, but it reflects a mismatch between labor supply and demand.
“We need to identify whether or not the low quality of young laborers is the cause, in order to create a solution to help them,” said Thanh.
The country currently has 10.8 million young workers, accounting for 21.4% of the labor force, which is “an abundant and potential source of labor supply,” he said.
Of the population of young workers, 69% work in industry and services, and two-thirds are working abroad. Most of those abroad work in high-income markets such as Japan, Korea, Taiwan.
Thanh acknowledged that young workers face many challenges as not many are trained and new graduates lack soft skills in general.
By Hong Chieu – VnExpress.net – May 6, 2023