Market Intelligence Reports

Quarterly Market Report Q4 2019

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92 ManpowerGroup Solutions QMR Q4, 2019 Vietnam Agriculture 41% Services 34% Industry 2% Workforce 37% of Non-Agricultural Employment is in Informal Sector Total Workforce 57,499,679 Permanent Employees 23,344,553 Non Standard Workforce 32,907,383 Unemployed Workers 1,247,743 Regional: 13 Availability: 11 Cost: 7 Regulation: 14 Productivity: 14 Global: 57 Availability: 55 Cost: 21 Regulation: 62 Productivity: 59 Year on Year Vietnam Wage Inflation Rate 2% Inflation Rate (Nov) 3.52% GDP Growth (IMF Oct) 6.5% 12% 48% 40% Highly Skilled Medium Skilled Non Skilled Skill Level of Workforce 1.0% 1.3% 1.3% 1.9% 1.9% 1.9% 1.9% 2.2% 0% 10% 2012 2013 2014 2015 2016 2017 2018 2019 Vietnam Regional Average $0.67 $0.93 $1.04 $0 $5 $10 2015 2017 2019 Vietnam Minimum Wage 2019 USD Economic Climate Inflation and GDP Unemployment Rate over Time 2019 Global TWI Ranking (out of 76) 2019 Regional TWI Ranking (out of 15) Manpower 2019 Total Workforce Index Minimum Wage Over Time (2019 USD Constant Currency) Key Sources: https://tradingeconomics.com/ https://data.worldbank.org/ https://www.imf.org/ https://ilostat.ilo.org/ http://www.salaryexplorer.com/ https://wageindicator.org/ ▪ Varies by region. This rate is Region 1. Unemployment rates from 2012 to 2018 are the average yearly rate as reported by the World Bank. The 2019 figure may not be directly comparable as it is not an average and is from in-country sources.

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