Unemployment in Vietnam

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Text of Unemployment in Vietnam

  • Tutor: Mrs. Trang LeStudents: Nguyen Thu HanhNguyen Cao KyDo Ha ThuNguyen Minh Duc

  • Causes and Effects of Unemployment in Viet NamTheoryOverviewCausesEffects

  • Theory

  • OverviewUnemployment rate relatively low (2.1% in January 2015)Anyone who can find a job that meets their basic needs is classified as employed Unemployment rate in reality much higher

  • In 2015, there has been more than 52.5 million people in workforceThe unemployment rate in urban area: 3.17%The unemployment rate in rural area: 1.75%

  • The unemployment rate among highly-qualified people accounts for 4.39%Group from 20-24, unemployment rate is 20.75%

  • Causes

  • Frictional unemploymentNew graduators and migrant workers hope for high-salary jobs

  • Unemployment policies

    Chart1

    15801

    27775

    40177

    39679

    44121

    Number of people registering as Unemployed/month

    Number of people registering as Unemployed/month

    Sheet1

    Number of people registering as Unemployed/month

    201015,801

    201127,775

    201240,177

    201339,679

    201444,121

    To resize chart data range, drag lower right corner of range.

  • Structural UnemploymentTrendy education Unbalance

  • Urbanization & Increase in industrial areas

  • Cyclical UnemploymentSeasonal JobsEconomic crisis in 2008

  • EffectEconomicSocialUnemployment not always bad

  • EconomicLack of Income Prevent Economic developmentUnsustainable growth Less Foreign Investment

  • SocialNegative emotions Health Problems + Violence Crime

  • Unemployment not always badInversed relation between Unemployment and Inflation in short runRaise competitiveness among employees Higher productivity and profit

  • SummaryUnemployment TheoryOverviewCausesFrictional UnemploymentStructural UnemploymentCyclical UnemploymentEffectEconomicSocial