A 2019 labor force survey recently released by the General Statistics Office shows that the number of unemployed workers in Vietnam topped 1.1 million, including 466,000 workers, or 42.1 percent, under 25 years old.
The youth unemployment rate remained six times that among the unemployed from 25-year-olds, according to the survey.
The report also noted that unemployment rates of young Vietnamese men and women were nearly identical.
Between 2016 and 2019, the youth unemployment rate was consistently higher than the overall unemployment rate, with young people accounting for just 6.5 percent to 7.5 percent of the total number of workers during that time.
There are currently about 7.17 million working-age Vietnamese under the age of 25, occupying 12.8 percent of the country’s total workforce, according to the General Statistics Office.
Of the total of 55.77 million Vietnamese workers, some 54.66 million people are employed, with rural workers making up roughly 67.6 percent of the total labor force.
The number of trained workers sits at about 12.4 million people, equivalent to 22.6 percent of the workforce.
The average monthly income per capita in Vietnam has reached approximately VND6.7 million (US$289), including VND7.067 million ($305) per month for men and VND6.203 million ($269) per month for women.
Some 46.3 percent of the country’s employees work 40-48 hours per week while 12.5 percent work an average of 35 hours per week.
About 16.8 million people over the age of 15 do not participate in the workforce, or 23 percent of the total population of that age group.