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Jobless rate inches down amid fewer firms founded

Jobless rate inches down amid fewer firms founded

Sunday, September 30, 2012, 10:00 GMT+7

The unemployment rate edged down while the number of newly established firms dropped more dramatically in the first nine months of this year.

According to the General Statistical Office of Vietnam (GSO), the jobless rate of Vietnamese laborers in the working age groups stood at 2.17 percent, inching down 0.01 percent year on year. The figure in the same period last year was at 2.18 percent.

The unemployment rate in urban area and rural area was at 3.53 percent and 1.55 percent, respectively.

According to GSO, the country’s total number of laborers in the working age groups in 2012 reached some 46.9 million, rising 400,000 people year on year. Male and female laborers accounted for 53.3 percent and 46.7 percent, respectively.

In January-September, the country had about 1.02 million unemployed people, said GSO.

According to a recent monthly cabinet meeting of the government, in January-September, there were about 51,000 newly established companies with a total registered capital of over VND350.5 trillion, down 11.7 percent in volume but up slightly 0.7 percent in value year on year.

So far, the country has had more than 675,000 companies, including about 472,000 active firms, accounting for nearly 70 percent.

Meanwhile, about 1.13 million laborers were employed, or over 70.6 percent of the year’s plan, of which, the number of laborers sent to work abroad reached about 60,000 people, or 66.7 percent of the year’s plan.

Regarding industrial production, Vietnam’s index of industrial production (IIP) in September was estimated to rise 9.7 percent year on year. The Augusts’ annual IIP rise was at 4.4 percent.

IIP in January-September rose 4.8 percent year on year, said GSO.

On September 24, International Labor Organization (ILO) announced new assistance projects worth $5 million for Vietnam at the National Steering Committee’s first meeting on stable work.

According to ILO, around 1.3 million Vietnamese people are unemployed.

More than half of them are at the age of 15-24 and the unemployed youth employment trend continues to increase.

Regarding telecommunications sector, the number of new mobile phone subscribers in September 2012 reached over 8.8 million, up 10 percent year on year. Of which, there are 16,200 of landline subscribers, down 62.6 percent year on year, and over 8,802 million of mobile phone subscribers, up 10.4 percent. The total number of phone subscribers in Vietnam by the end-September is estimated at 135.9 million, up 4.3 percent year on year, including 15 million landline ones, down 3.1 percent year on year, and 120.9 million mobile phone ones, up 5.2 percent year on year. The number of internet subscribers by the end-September is estimated at 4.4 million, up 13.9 percent year on year. Total net revenue of the telecommunications sector in 9 months is estimated at VND122.9 trillion, up 7.6 percent year-on-year.

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