Vietnam Employed Persons - Forecast

Employed Persons in Vietnam is expected to be 53.90 Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Employed Persons in Vietnam to stand at 54.73 in 12 months time. In the long-term, the Vietnam Employed Persons is projected to trend around 55.60 Million in 2020, according to our econometric models.


Vietnam Employed Persons
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Vietnam Labour Last Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 2.01 2.1 2.2 2.2 2.3 2.6
Employed Persons 54.1 53.9 54.4 54.2 54.73 55.6
Unemployed Persons 1.11 1.3 1.12 1.3 1.12 1.5
Minimum Wages 3980 3980 3980 3980 4210 4450
Population 92.7 93.18 93.42 93.67 93.91 97.46
Retirement Age Men 60 60 60 62 60 62
Retirement Age Women 55 55 55 58 55 58
Wages 5066 5600 5100 5460 6200 6900
Wages High Skilled 11409900 12800000 12800000 12800000 13200000 13200000
Wages In Manufacturing 4999 5500 5510 5820 6100 6750
Wages Low Skilled 4851300 4901300 4901300 4901300 4901300 5207510
Youth Unemployment Rate 7.3 8.1 7.94 7.9 8.18 8.5
Labor Force Participation Rate 76.9 77 76.87 77.2 76.87 77.8
Living Wage Family 7475300 7500000 7500000 7500000 5835000 7800000
Living Wage Individual 4131400 4039000 4131400 4039000 4131400 4059000