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