HANOI: In spite of increasing employed population, the quality of Vietnam’s labour market has yet to improve with a large portion of informal workers, the General Statistics Office (GSO) said in its latest report, reported Xinhua.
In 2023, the number of employed workers in Vietnam is 51.3 million, increasing by 683,000 people compared to the previous year, according to the office.
The per capita monthly income of Vietnamese people averaged at 7.1 million Vietnamese dong (US$292) in 2023, up 6.9 per cent year-on-year, said the report.
The number of informal workers in 2023 was 33.3 million people. The rate of workers with informal jobs stood at 64.9 per cent, down 1.8 percentage points compared to 2022.
According to GSO, the decline in the number of orders from the last quarters of 2022 to the end of 2023 has severely affected the economy in general and the labour market in particular, especially the manufacturing industry.
This has reduced efficiency of policies promoting the formalisation of informal labour. – BERNAMA-XINHUA
