Labor Force Participation Rate in Vietnam decreased to 76.60 percent in the second quarter of 2018 from 76.70 percent in the first quarter of 2018.

Labor Force Participation Rate in Vietnam averaged 76.80 percent from 2016 until 2018, reaching an all time high of 77.50 percent in the first quarter of 2016 and a record low of 76.40 percent in the second quarter of 2017. This page provides - Vietnam Labor Force Participation Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. source: General Statistics Office of Vietnam

Labor Force Participation Rate in Vietnam is expected to be 76.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labor Force Participation Rate in Vietnam to stand at 76.60 in 12 months time. In the long-term, the Vietnam Labor Force Participation Rate is projected to trend around 77.80 percent in 2020, according to our econometric models.


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Vietnam Labor Force Participation Rate

Actual Previous Highest Lowest Dates Unit Frequency
76.60 76.70 77.50 76.40 2016 - 2018 percent Quarterly
Vietnam Labour Last Previous Highest Lowest Unit
Unemployment Rate 2.15 2.17 4.50 1.81 percent [+]
Employed Persons 55.03 54.56 55.03 23.50 Million [+]
Unemployed Persons 1.10 1.10 2.30 0.80 Million [+]
Minimum Wages 4180.00 3980.00 4180.00 1000.00 VND Thousand/Month [+]
Population 96.48 95.39 96.48 34.74 Million [+]
Retirement Age Men 60.00 60.00 60.00 60.00 [+]
Retirement Age Women 55.00 55.00 55.00 55.00 [+]
Wages 5622.00 5788.00 5788.00 1399.00 VND Thousand/Month [+]
Wages High Skilled 10825600.00 10960700.00 11876600.00 10160800.00 VND/Month [+]
Wages In Manufacturing 5524.00 5760.00 5760.00 2871.00 VND Thousand/Month [+]
Wages Low Skilled 5372100.00 5040600.00 6981300.00 5040600.00 VND/Month [+]
Youth Unemployment Rate 6.31 6.53 7.86 5.09 percent [+]
Labor Force Participation Rate 76.60 76.70 77.50 76.40 percent [+]
Living Wage Family 7763600.00 7633800.00 8250400.00 7633800.00 VND/Month [+]
Living Wage Individual 4752300.00 4693900.00 5258200.00 4693900.00 VND/Month [+]