Vietnam Unemployment Rate - Forecast

Unemployment Rate in Vietnam is expected to be 2.30 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 2.40 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 Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 2.09 2.3 2.3 2.3 2.4 2.6
Employed Persons 53.36 53.6 53.9 53.12 54.2 55.6
Unemployed Persons 1.14 1.3 1.3 1.19 1.3 1.5
Minimum Wages 3980 3980 3980 3980 3980 4450
Population 92.7 92.9 93.16 93.42 93.68 96.5
Retirement Age Men 60 60 60 60 62 62
Retirement Age Women 55 55 55 55 58 58
Wages 5507 5900 5600 5100 5460 6900
Wages High Skilled 11409900 13100000 13100000 11355957 13800000 15500000
Wages In Manufacturing 5428 5900 5500 5510 5820 6750
Wages Low Skilled 4851300 5642791 5543325 5443858 5344392 5833868
Youth Unemployment Rate 7.29 7.4 8.1 7.25 7.9 8.5
Labor Force Participation Rate 76.6 76.9 77 76.95 77.2 77.8
Living Wage Family 7475300 5821000 5829000 7475300 5829000 5847000
Living Wage Individual 4131400 4039000 4039000 4131400 4039000 4059000