Vietnam falls short of job creation target due to coronavirus

Wednesday, 2020-07-01 11:19:24
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About 540,000 jobs were created in the first half of 2020.
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NDO - The coronavirus outbreak has taken a heavy toll on Vietnam’s job market in the first half of 2020, with just 540,000 new jobs created, down 26.2% compared with the same period in 2019.

The figure is equivalent to 35.6% of the target for the whole year, according to data released by the labour ministry.

During the period, Vietnam also sent 33,500 workers abroad, in addition to the over half a million jobs created in the domestic market.

A report on the coronavirus impacts shows that nearly 5 million workers lost their jobs or had their working hours and wages reduced in the first four months of the year.

Economic activity has resumed since May after the period of social distancing measures, with about 70,000-80,000 workers who lost their jobs returning to the job market each month.

But businesses are still struggling, with the services sector being hardest hit, followed by manufacturing and agriculture. It is estimated that nearly three quarters of the services workforce has been affected by the virus.

Job exchanges have not held open days for jobseekers but tens of thousands of companies have posted job notices, with many in industries badly affected by the outbreak.

The labour ministry said in the remaining half of the year, it will continue to implement measures to develop the job market and connect jobseekers with employers.