According to the Ministry of Labor, Invalids and Social Affairs’ statistics, around 177,700 university graduates and post-graduates get unemployment after graduation. It is a worrying number though the Institute of Labor Science and Social Affairs said that the Southeast Asian nation has the lowest unemployment rates amongst countries in the world.
Each year, the country has around 400,000 university graduates and post-graduates who are languishing to find out a job.
Mai Nguyen who has just graduated from an International University, said that she was confident in finding a job as she got a good degree and her TOEFL scores are quite high.
Everything has developed as foreseen. After 4 hours she published her document at work website, over 20 companies replied to choose her and arranged for an interview. However, Mai Nguyen decided to wait as she preferred working in a multinational company to have chance to practice her English skill.
Meantime, after taking the post-graduation qualification from Architecture University, Dinh Thanh concerned to find a proper job and salary level. That’s reason why he is still managing to find a job saying that many his friends who graduate from international universities have not found out a proper job in the country.
Currently, probationary salary for university or postgraduates fluctuates from VND7 million (US$ 310.6) to VND10 million (US$ 443.8). Ms. Phuong, CEO of Toyota company in Ho Chi Minh City, said that her company has many stores in the country and need to recruit many staffs.
However, to select a staff for departments of sales, marketing or accounting, the company sometimes just recruits those who graduate from colleges or intermediate schools who accept to receive low salary and long probation period. “After long probation, they will be skilled at working” said Ms. Phuong.
Unlike Mai Nguyen or Dinh Thanh who are residents of the city, some other university graduates from provinces accepted a job to cover their house rents and support their families. Ngoc Lan, a graduate of Ton Duc Thang Private University said that students from rural provinces just need a stable job.
Accordingly, she accepted to work as an accountant in a company to sell construction material with salary of VND5 million (US$ 221.9) per month in 6 probation period.
However, with the salary, she can not cover all expenses such as house rent, eating and transportation cost, she decided to do business in internet. She designed clothes and place on facebook to advertise to her friends at inexpensive price. When her business become better and she has many customers and then she quitted the job to run her online business.
As per the Ministry of Labor, Invalids and Social Affairs’ statistics, around 177,700 university graduates and post-graduates get unemployment after graduation, an increase of 9.4 percent compared to the same period last year. The figure is on the upward trend.