Unemployment Rate in Vietnam increased to 2.73 percent in the second quarter of 2020 from 2.22 percent in the first quarter of 2020. source: General Statistics Office of Vietnam

Unemployment Rate in Vietnam averaged 2.34 percent from 1998 until 2020, reaching an all time high of 4.50 percent in the fourth quarter of 1998 and a record low of 1.81 percent in the fourth quarter of 2012. This page provides the latest reported value for - Vietnam Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Vietnam Unemployment Rate - values, historical data and charts - was last updated on November of 2020.

Unemployment Rate in Vietnam is expected to be 3.00 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 3.30 in 12 months time. In the long-term, the Vietnam Unemployment Rate is projected to trend around 3.20 percent in 2021 and 3.30 percent in 2022, according to our econometric models.

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Vietnam Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.73 2.22 4.50 1.81 1998 - 2020 percent Quarterly

Vietnam Labour Last Previous Highest Lowest Unit
Unemployment Rate 2.73 2.22 4.50 1.81 percent [+]
Employed Persons 53.15 55.33 55.33 23.50 Million [+]
Unemployed Persons 1.10 1.10 2.30 0.80 Million [+]
Minimum Wages 4420.00 4180.00 4420.00 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 6340.00 7199.00 7199.00 1399.00 VND Thousand/Month [+]
Wages In Manufacturing 6154.00 7126.00 7126.00 2871.00 VND Thousand/Month [+]
Youth Unemployment Rate 6.98 7.01 7.86 5.09 percent [+]
Labor Force Participation Rate 76.60 76.40 77.50 76.40 percent [+]


Vietnam Unemployment Rate
In Vietnam, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.