51
July 2022
Talent Solutions – Asia Pacific QMR Q2 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
1
2
5
5
1
1
5
2
15 2 25 5 5 5 55 5
e ales hange Males hange
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
52
5
5
5
1
2
5
1 1
1
15 2 25 5 5 5 55 5
e ales 2 21 Males 2 21
22%
2 %
1 %
%
25%
5 %
5%
lo er a rofit a
ietna egional erage
2 5
1.1
5
1
15
2
2 5
5
5
erage Wage Man fact ring
Wage
Mini Wage
ietna egional erage
Indicative Wages (in USD)
Other Cost Considerations
▪ Year on Year inflation as at J ne '22 was . %
▪ 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.
