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The Saigon Times

Saigon Times Group is a leading Vietnamese media organization with prestigious business and consumer publications. After three decades of development, we have built a good reputation through our publications on economy, business and markets for Vietnamese and foreign readers.

Basic

Free

  • Free access to daily domestic news, podcasts and videos

Premium

$5 $1 /month
(VND 23,900)
Monthly Annual

  • Unlimited access to domestic news, podcasts, videos and magazine articles on current social / economic / trade / investment issues, commodity / financial/securities markets, M&A activity, FDI, local and foreign business communities and more.

AUTOMATIC RENEWAL REMINDER

  • Your payment method will then be automatically charged ₫ 899.000 every 365 days thereafter.
  • Your subscription will continue until you cancel.
  • You can cancel by using My account. Under My account, select "Unsubscribe" and then follow the instructions to cancel.
  • You can notify us of your intent to cancel at any time during your billing period. Cancellations take effect at the end of your current billing period.
28.9 C
Ho Chi Minh City
Tuesday, July 15, 2025

Danang’s unemployment rate highest in 10 years

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HCMC – The unemployment rate in Danang reached 8.78% in 2020, the highest in the past decade, said Tran Van Vu, director of the Danang Statistics Office.

On December 29, the office announced the city’s socioeconomic performance in 2020, the local media reported.

The labor market has faced multiple difficulties. The second Covid-19 wave has impeded the recovery of the market and the improvement of laborers’ incomes after the first wave of the pandemic.

Vu said a survey on nearly half of the enterprises in the city showed a large reduction in the number of employees, with the non-official economic sector facing the same fate.

Despite the difficulties facing the tourism, service, industry and construction sectors, leading to the city’s low economic growth, there were still bright spots.

Specifically, the information and communication sector reported a growth rate of 5.24%; finance, banking and insurance at 7.35% and healthcare and social welfare, 18.33%.

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