Labor Force Participation Rate in Vietnam increased to 76.60 percent in the fourth quarter of 2019 from 76.40 percent in the third quarter of 2019. source: General Statistics Office of Vietnam

Labor Force Participation Rate in Vietnam averaged 76.70 percent from 2016 until 2019, 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. Vietnam Labor Force Participation Rate - values, historical data and charts - was last updated on July of 2021.

Labor Force Participation Rate in Vietnam is expected to be 76.00 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 77.00 in 12 months time. In the long-term, the Vietnam Labor Force Participation Rate is projected to trend around 77.80 percent in 2022, according to our econometric models.

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Vietnam Labor Force Participation Rate

Actual Previous Highest Lowest Dates Unit Frequency
68.50 68.70 77.50 67.20 2016 - 2021 percent Quarterly

Vietnam Labour Last Previous Highest Lowest Unit
Unemployment Rate 2.62 2.42 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 4420.00 4420.00 1000.00 VND Thousand/Month [+]
Population 97.58 96.48 97.58 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 7.47 7.44 7.86 5.09 percent [+]
Labor Force Participation Rate 68.50 68.70 77.50 67.20 percent [+]