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Strong recovery of labour market in the second quarter of 2022


 According to the General Statistics Office (GSO), 50.5 million of the workforce secured jobs, representing an annual rise of nearly 702,000 people. More than 1.1 million people were underemployed, down 30,200 people year-on-year, with the underemployment rate being 2.48%, decreasing by 0.1 percentage point annually. The number of working people aged from 15 upwards reached 51.4 million in the first half of 2022, increasing by 400,000 people against the same period last year.

In the second quarter alone, the number of employees grew in all three economic sectors, particularly services.
Approximately 881,800 people were underemployed in the second quarter, over 447,000 and 263,000 less than the figures recorded in the previous quarter and the same period in 2021, respectively. The underemployment rate was 1.96%, down 1.05 percentage points from the first quarter and 0.64 percentage point annually.
Employed workers were 18.7 million people in urban areas (an increase of 127.9 thousand people or 0.7 per cent quarter on quarter and an increase of 673.7 thousand people or 3.7 per cent year on year), and 31.9 million people in rural areas (an increase of 376.6 thousand people or 1.2 per cent quarter on quarter and an increase of 27.9 thousand people or 0.1 per cent year on year).
The increasing trend of employed workers was also observed for both women and men, although the growth rate of employed workers was higher among former than latter.
The labour market continued its strong growth momentum of the previous quarter. The flexible approach to preventing the pandemic, the policy of completely opening up tourism activities, and the Socio-Economic Recovery and Development Programme under Resolution No. 11/NQ-CP dated January 30, 2022 are all the main drivers that brighten the picture of Viet Nam’s labour market in the second quarter of 2022.
Pham Hoai Nam, Director of the GSO’s Population and Labour Statistics Department, partly attributed the Q2 outcomes to the implementation of the Government’s Resolution 11/NQ-CP dated January 30, 2022 on the programme for socio-economic recovery and development. The programme offers specific measures to support employees in returning to work and those working in enterprises.
Meanwhile, workers’ average monthly income hit 6.6 million VND (282.23 USD) in the second quarter, up 206,000 VND against the first quarter.
Such increase showed a positive signal of the economic growth and recovery in the post-pandemic period, Nguyen Huy Minh, deputy head of the department said.