80
July 2022
Work Force Statistics
50% Trade Union Membership in 2018
A number of spontaneous strikes took place during
the Tet holiday period to demand higher allowances
and pay
Recent Industrial activity
▪ App-based drivers
▪ Doctors and other health professionals
Age & Gender Profile - Employed Population Q4 2021
Inflation and Wage Growth
Q2 2022
Total Labor Force (000s)
50,740
Employed Workers (000s) 49,491
Unemployed Workers (000s) 1,248
Unemployment Rate 2.5%
Vietnam
4
42
8
40
8
0
8
42
0
24 2 4 44 4 4 4
emales Change Males Change
Q4 2021
Change in Labor Force compared to Q4 2019
Compared to Q4 2019, employment in Vietnam fell
by 1.9% (1.019 million)
▪ Young people were impacted by employment
losses the most. Among 15-24 year olds,
employment fell by 1.149 million and among 25-
34 year olds, it fell 1.307 million.
▪ However, there were 1.542 million more 55
years+ employed in Q4 2021 compared to Q4
2019.
Industrial Action
2,40
,0 2
, 8
, 4
, 8
,
2,
,
,
,0
,884
,4
24 2 4 44 4 4 4
emales 4 202 Males 4 202
22%
20%
0%
0%
2 %
0%
%
Employer Tax rofit Tax T
ietnam Regional verage
2
0 . 0
0
0
20
0
2, 00
,000
, 00
verage Wage Manufacturing
Wage
Minimum Wage
ietnam Regional verage
Indicative Wages (in USD)
Other Cost Considerations
▪ Year on Year inflation as at June '22 was .4%
▪ Wage Inflation (Year on Year) as at Q4 2021 was
-5.0%
Change in Employed Population Compared to Q4 2019
Monthly Hourly
Sources:
https://wageindicator.org/
https://ilostat.ilo.org/data/
https://data.worldbank.org/
https://tradingeconomics.com/
http://nsdp.gso.gov.vn/index.htm
Minimum wage varies by region.
