Vietnam Unemployment Rate - Forecast

Unemployment Rate in Vietnam is expected to be 2.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Vietnam to stand at 2.30 in 12 months time. In the long-term, the Vietnam Unemployment Rate is projected to trend around 2.60 percent in 2020, according to our econometric models.


Vietnam Unemployment Rate
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Vietnam Labour Last Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 2.02 2.1 2.2 2.2 2.3 2.6
Employed Persons 53.76 53.9 54.44 54.2 54.71 55.6
Unemployed Persons 1.11 1.3 1.15 1.3 1.19 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 5364 5600 5100 5460 6200 6900
Wages High Skilled 11409900 12800000 12800000 12800000 13200000 13200000
Wages In Manufacturing 5463 5500 5510 5820 6100 6750
Wages Low Skilled 4851300 4901300 4901300 4901300 4901300 5207510
Youth Unemployment Rate 7.8 8.1 7.64 7.9 7.6 8.5
Labor Force Participation Rate 76.7 77 77.69 77.2 78.22 77.8
Living Wage Family 7475300 7500000 7500000 7500000 5835000 7800000
Living Wage Individual 4131400 4039000 4131400 4039000 4131400 4059000