Market Intelligence Reports

Global Market Report Q3 2021

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101 Vietnam Latest Available Data at Q3 2021 2020 2019 Total Labor Force (000s) 51,811 53,147 57,500 Unemployed Workers (000s) 1,357 1,435 1,242 Unemployment Rate 2.6% 2.7% 2.2% Labor Force Statistics ▪ Strict lockdown imposed in Ho Chi Minh City, Long An and Binh Duong, with many districts under a stay at home order. This has impacted manufacturing with some factories operating by having workers sleeping on-site. Ports are also experiencing backlogs. ▪ All borders have been closed, but since August, South Korean nationals have been allowed to enter for business purposes. Fully vaccinated arrivals will only be subject to half the quarantine time. Covid Updates Global: 59 Availability: 74 Cost: 18 Regulation: 62 Productivity: 35 2021 Global TWI Ranking (out of 75) 2021 Regional TWI Ranking (out of 15) Region: 14 Availability: 15 Cost: 8 Regulation: 11 Productivity: 9 Remote Readiness 15 Remote Readiness 73 Manpower 2021 Total Workforce Index Remote Ready Jobs 15th Technical Readiness 12th 15% - First Vaccine Dose (August 2021) ▪ According to the Ministry of Labour, War, Invalids and Social Affairs, 7.8 million workers have either lost their jobs or were furloughed due to the pandemic. ▪ There has been recent investment from Japanese manufacturing firms. ▪ Youth unemployment is at 7.5%. https://www.vietnam-briefing.com/news/vietnam-business-operations-and-the-coronavirus-updates.html/ 4 0 2 2 1 1 0 0 20 40 0 0 100 1 24 years years Total Labor Force Participation Rate by Selected Age Group ILOSTAT

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