bet88 slotLabor force grows by half a million annually

bet88 slot total labor force aged 15 and above estimated at 52.9 million people in Q1 2025, a decrease of 230,700 people compared to bet88 slot previous quarter, but a year-on-year increase of 532,000 .

bet88 slot Vietnam News Agency quoted bet88 slot latest report from bet88 slot National Statistics Office (NSO) as reporting that Vietnam continues to benefit from its golden demographic structure with some 500,000 people joining bet88 slot labor force every year.

Meanwhile, bet88 slot percentage of trained workers continued rising, with 28.8% of bet88 slot workforce holding diplomas and certificates in bet88 slot period, up by 0.2 percentage point from bet88 slot previous quarter and 1 percentage point from bet88 slot same period last year.

Employment figures during January – March improved from bet88 slot previous year, with a positive shift in industry structure. bet88 slot agro-forestry-fishery sector saw decreasing proportions while industry, construction and service sectors witnessed an increase.

Total employment in bet88 slot period reached 51.9 million people, dropping by 0.4% quarter-to-quarter but rising by 1.04% year-on-year. bet88 slot agro-forestry-fishery sector employed 13.5 million people, a decrease of 305,000 compared to bet88 slot same period last year. Meanwhile, bet88 slot industry and construction sectors recruited 17.2 million people and bet88 slot services sector 21.2 million people, an increase of 262,000 and 575,000 compared to bet88 slot previous year, respectively.

Average monthly income in Quarter 1 was VND8.3 million (323 USD), up by VND131,000 from bet88 slot previous quarter and VND720,000 VND from bet88 slot same period last year.

bet88 slot NSO said that bet88 slot unemployment rate among bet88 slot working-age population stood at 2.2%, down 0.02 percentage point from bet88 slot previous quarter and 0.04 percentage point year-over-year.

According to Deputy Director of bet88 slot NSO’s Population and Labor Statistics Department Nguyen Huy Minh, bet88 slot labor market continues to recover, but bet88 slot quality of labor supply still faces many limitations and has not met bet88 slot demands of a modern, flexible, sustainable, and integrated labor market. Despite employment growth, bet88 slot market lacks sustainability, with 64.3% of workers informally getting unstable, low-income employment, a 0.7 percentage point increase from bet88 slot previous quarter.

bet88 slot formal sector faces its own challenges, he said, elaborating while over 72,900 enterprises were established or resumed operations in bet88 slot three-month period, 78,800 enterprises withdrew from bet88 slot market. Against bet88 slot backdrop, he recommended institutional reforms, administrative procedure reductions, and breakthrough support policies for private enterprises.

Besides, bet88 slot implementation of bet88 slot Party Central Committee’s Resolution No.18 on streamlining bet88 slot political apparatus along with bet88 slot plan to merge provinces and eliminate districts will shift hundreds of thousands of public servants to bet88 slot private sector, requiring support policies and retraining to help them adapt to new environments.