What is Vietnam’s unemployment rate?

Unemployment refers to the share of the labor force that is without work but available for and seeking employment. Vietnam unemployment rate for 2019 was 2.01%, a 0.02% increase from 2018. Vietnam unemployment rate for 2018 was 1.99%, a 0.06% decline from 2017.

What is the unemployment rate in Vietnam 2020?

In 2020, the unemployment rate in Vietnam was 2.02 percent.

What is the employment rate of Vietnam?

Vietnam Labour Last Unit
Unemployment Rate 2.37 percent
Employed Persons 53.15 Million
Unemployed Persons 1.10 Million
Minimum Wages 4420.00 VND Thousand/Month

Why is unemployment low in Vietnam?

In recent years, Vietnam has experienced major economic reforms along with a substantial increase in population. This growth has provided Vietnam with greater gains from employment, resulting in greater GDP growth and lower unemployment rates.

What country has the highest unemployment rate 2020?

By May 2020, the unemployment rate may have been as high as 16%.

Here are the 10 countries with the highest rates of unemployment:

  • Burkina Faso (77.00%)
  • Syria (50.00%)
  • Senegal (48.00%)
  • Haiti (40.60%)
  • Kenya (40.00%)
  • Djibouti (40.00%)
  • Republic Of The Congo (36.00%)
  • Marshall Islands (36.00%)
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What is Vietnam’s largest export?

Vietnam has emerged as an important electronics exporter, with electrical and electronic products overtaking coffee, textiles, and rice to become the country’s top export item. Samsung is Vietnam’s largest exporter and has helped the country achieve a trade surplus for the first time in many years.

What is the poverty rate in Vietnam?

Vietnam poverty rate for 2018 was 23.10%, a 5.1% decline from 2016. Vietnam poverty rate for 2016 was 28.20%, a 6.8% decline from 2014. Vietnam poverty rate for 2014 was 35.00%, a 5.8% decline from 2012. Vietnam poverty rate for 2012 was 40.80%, a 6% decline from 2010.

What is the highest paying job in Vietnam?

The top 5 currently highest paid jobs in Vietnam

  1. Finance/Investment. Finance and investment were the fields that have the highest salary according to the report of VietnamWorks 2019. …
  2. Banking. …
  3. Programmer and Information Technology Industry. …
  4. Construction engineer. …
  5. Marketing.

What is the minimum salary in Vietnam?

Minimum wage increase

Region 2018 monthly minimum wage 2019 monthly minimum wage
Region I VND 3,980,000 (US$ 171) VND 4,180,000 (US$ 180)
Region II VND 3,530,000 (US$ 152) VND 3,710,000 (US$ 159)
Region III VND 3,090,000 (US$ 133) VND 3,250,000 (US$ 140)
Region IV VND 2,760,000 (US$ 118) VND 2,920,000 (US$ 125)

Which country has the lowest employment rate?

Countries with the lowest unemployment rates:

1. Cambodia 0.3%
2. Qatar 0.6%
3. Thailand 0.7%
4. Benin 1.0%
5. Belarus 1.0 %

What is a healthy unemployment rate?

Many consider a 4% to 5% unemployment rate to be full employment and not particularly concerning. The natural rate of unemployment represents the lowest unemployment rate whereby inflation is stable or the unemployment rate that exists with non-accelerating inflation.

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How much does the average Vietnamese earn?

Wage and salary in Vietnam are very dissimilar across occupations and contrast starkly between urban and rural areas. The average wage per person in Vietnam is around 3.45 million VND ($150) a month and differentiated by many factors.

Average Salary.

Career Average monthly salary (VND/USD)
Real Estate 17 million VND ~ $720 US

What is the inflation rate in Vietnam?

In 2019, the average inflation rate in Vietnam amounted to 2.8 percent compared to the previous year.

Vietnam: Inflation rate from 1986 to 2026* (compared to the previous year)

Characteristic Inflation rate compared to previous year
2019 2.8%
2018 3.54%
2017 3.52%
2016 2.67%

What country has worst unemployment rate?

In 2017, Burkina Faso had the highest unemployment rate in the world, at 77 percent.

What was the highest unemployment rate in 2020?

The unemployment rate in April 2020 increased by 10.3 percentage points to 14.7 percent. This is the highest rate and the largest over-the-month increase in the history of the data (available back to January 1948).

What is the world unemployment rate 2020?

In 2020, the global rate of unemployment amounted to 5.42 percent.

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