Announcement workshop of Newsletter: Viet Nam Labour Market Update volume 12, quarter 4/2016

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On 29th March 2017, the Ministry of Labour – Invalids and Social Affairs held an Announcement workshop of Newsletter: Vietnam Labour Market Update No. 12, quarter 4/2016 at the Conference room of the Institute of Science, Labor, and Social Affair.

The workshop was chaired by Mr. Doan QuangVinh – Director General of the Institute of Labour – Invalids and Social Affairs and Executive Editor, Mrs. Chu ThiLan- Director of the Center for Environment and Working conditions studies and other members of the Editorial board.

Participants came from different Ministries, social organizations, research institutes, universities, Department of Labour, Invalids and Social Affairs in Hanoi and numerous domestic news and press agencies.

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Mr. Dao Quang Vinh – Director General of ILSSA, Newsletter executive editor starts opening the workshop

In the workshop opening remark, Mr. Dao QuangVinh – Director General of ILSSA, newsletter executive claimed that although the economic fluctuations did have influences on the Vietnam labor market,  there were still positive movements recorded in the Vietnam labor market quarter 4/2016 in general, including:

– The quality of the labor supply continued to be improved, particularly the considerable increase of the elementary vocational trainees.

– The number of people working in theindustries of manufacturing, construction, and real estate businesses increases as proves of these thriving industries.

– The average income of paid workers continued to increase compared to thatof last quarter and that of the same period in 2015.

–  Unemployment and lack of jobs declined slightly regarding both quantity and ratio.

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This is considered to be the results of the labor market policies:

– On vocational training: Prime Minister published the Vietnam national vocational qualification framework to classify and standardize the qualification,  minimum study loads and other degrees, certificates which are suitable for different educational levels in Vietnam; havingmechanism for intercollege transfer, establishing the correlations between the national vocational qualification framework and other countries’, paving the way for qualification recognition among countries, improving the quality and competitiveness concerning labor force.

– Employment matching via Employment Service Centers, Labor- Invalid and Social Affair sector.

– Programs sending laborers to work abroadfor a definite time continued to work efficiently, the labor market policies contributed significantly in preventing and recovering the unemployment and lack of jobs problems; the unemployment insurance policies continued to ensure the social protection for laborers when they encountered unemployment, at risk or at the end of the working age.

In the setting of the economy embedded with the growth model reform, the investment climate was foreseen to be improved and the economic integration would be gradually deepened and widened, and the GDP is expected to reach 6,7% in 2017. The newlyestablished company was predicted to climb up regarding quantity and capital. This growth motivation would continue to have positive influences on the labor market during the Quarter 1, 2017.

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Picture: Mrs. Chu Thi LanEditorial board sharing the main content of the Newsletter

However, besides those bright spots, there still existed concerning signals and limits of the labor market including: the number of employed people was higher than that of the last quarter but lower than that of the same period, 2015. The transformation progress of the labor force was slow. The employment quality is low, unstable in which 40% of the 22.2 million paid laborer were unprotected bylabor contracts, these number was much higher in the household/ individual business sectors. (95,9%). Unemployment tended to rise in the group of qualified labor. The umemployment rate of the university graduate and above groups is 4.43%, compared to 3.3 % of the same period in 2015. There were balancing signals in the linking education with labor market.

A number of comments to help clarify figures and indicators of the Newsletter were discussed during the workshop that gave more suggestion for the Editorial board to improve the quality of Newsletter in the next publications.

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For further information, please contact us at:

The Editorial board of Labour market update newsletter

Phone: 04.39361807

Email: bantinTTLD@molisa.gov.vn

Website: http://www.molisa.gov.vn