Vietnam has one million new jobseekers every year

Although economic growth means many new jobs are created every year, it is not enough to meet the increasing number of people of working age.

Making shirts for export at Viet Tien Garment Joint Stock Corporation (Photo: SGGP)

Each year, about 50,000 new companies are set up, providing 500,000 new jobs, the National Fund for Employment provides finance to 900,000 people to help them set up their own businesses in 2006-2008 and, since 2006, socio-economic development programs have created 4.7 million jobs.
In 2008 alone, 85,000 workers were sent abroad to work and 1.53 million other new jobs were created.
But the country has more than one million more people of working age every year, so the rate of job creation isn’t enough to keep unemployment down.
Deputy Minister of Labor, Invalids and Social Affairs Nguyen Thanh Hoa said in order to tackle unemployment, the government should make it easier for enterprises, especially small and medium-sized businesses, to access credit and land to stimulate production and business.
However, workers also need to receive technical skills training in order to have more employment opportunities, Deputy Minister Hoa said.

By Binh Khanh – Translated by Hoai Son

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