Vietnam loses 2.4 million jobs in first two quarters

Update: 16:58 | 16/09/2020
A total of 2.4 million jobs have been lost in Vietnam in the first two quarters this year, the biggest reduction for the period in the past decade, due to the COVID-19 pandemic, according to Deputy Minister of Labour, Invalids and Social Affairs Le Van Thanh.
vietnam loses 24 million jobs in first two quarters
Illustrative image.

Speaking at a thematic conference held by the Party Committee of the bloc of central agencies in Ha Noi on September 15, the deputy minister underlined the severe impacts of the pandemic on production and business activities in most industries and sectors. A large number of enterprises had to suspend operation or dissolve in the past months, seriously affecting the labour market.

He also cited figures of the General Statistics Office, which showed 17.6 million labourers suffered from reduction of income, with average income in the second quarter standing at 5.2 million VND (over 223 USD), down 525,000 VND from the first quarter and 279,000 VND from the same period last year.

Deputy Minister Thanh stressed that considering the current situation and forecasts on pandemic developments and socio-economic conditions, tasks and solutions should be developed based on the principle of being ready to co-exist with the pandemic.

According to Thanh, solutions in terms of labour, employment and social security from now to the end of the year should address two goals at the same time, which are to help labourers overcome the current difficulties and create firm prerequisites for production and business activities in the long run.

He said there are two main groups of solutions, which are short-term and long-term ones, but both groups should be implemented at the same time.

Besides providing immediate support to labourers and enterprises, it is important to prevent social inequality from arising or worsening due to the COVID-19 pandemic, Thanh said.

Covid-19: Bars, karaoke parlors allowed to reopen in Ha Noi

Covid-19: Bars, karaoke parlors allowed to reopen in Ha Noi

Ha Noi Municipal People’s Committee has decided to allow bars and karaoke parlors to reopen since September 16 as the city has gone 28 days ...

Vietnam’s image popularised at multicultural festival in Germany

Vietnam’s image popularised at multicultural festival in Germany

Huong Viet, an online magazine of the Vietnamese community in Germany, on September 12 joined a multicultural festival in Augsburg in the southern state of ...

Unitel recognized for contributions to Laos’ digital transformation

Unitel recognized for contributions to Laos’ digital transformation

Star Telecom (Unitel), a joint venture between Vietnam’s Viettel Global JSC and Laos Asia Telecom, was honored with two prizes including “Innovation in Public Administration ...

(Source: VNA)