Unemployment Rate in Vietnam decreased to 2.15 percent in the fourth quarter of 2019 from 2.17 percent in the third quarter of 2019. Unemployment Rate in Vietnam averaged 2.33 percent from 1998 until 2019, 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. source: General Statistics Office of Vietnam

Unemployment Rate in Vietnam is expected to be 2.20 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.

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Vietnam Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.15 2.17 4.50 1.81 1998 - 2019 percent Quarterly

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.

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 [+]