Rising unemployment has become a pressing issue as it has extended into the second half of the year, affecting the industries that are key export and economic growth drivers. The situation is weighing on social order, security and welfare, and the economy. Immediate action is needed to address the challenges and mitigate their impact on the country. Job losses in economic engines According to a report by the Board for Private Sector Development Research (Board IV under the Advisory Council for Administrative Reform), job cuts are expected to affect a significant number of operational enterprises in 2023. Up to 71.3% of these enterprises are projected to reduce their workforce by 5% or more. The report also said that among the surveyed workers, 31% are currently unemployed, and this trend is expected to continue in the rest of the year. “The number of jobless workers did not decline but increased between Q4 2022 and Q1 2023 and the trend is projected to continue over the remaining quarters of the year,” said the report. The highest unemployment rates are observed in sectors such as real estate trading, construction, tourism, and hospitality, ranging from over 40% to more than 50%. The areas most […]
Rising unemployment has become a pressing issue as it has extended into the second half of the year, affecting the industries that are key export and economic growth drivers. The situation is weighing on social order, security and welfare, and the economy. Immediate action is needed to address the challenges and mitigate their impact on the country. Job losses in economic engines According to a report by the Board for Private Sector Development Research (Board IV under the Advisory Council for Administrative Reform), job cuts are expected to affect a significant number of operational enterprises in 2023. Up to 71.3% of these enterprises are projected to reduce their workforce by 5% or more. The report also said that among the surveyed workers, 31% are currently unemployed, and this trend is expected to continue in the rest of the year. “The number of jobless workers did not decline but increased between Q4 2022 and Q1 2023 and the trend is projected to continue over the remaining quarters of the year,” said the report. The highest unemployment rates are observed in sectors such as real estate trading, construction, tourism, and hospitality, ranging from over 40% to more than 50%. The areas most […]
Rising unemployment has become a pressing issue as it has extended into the second half of the year, affecting the industries that are key export and economic growth drivers. The situation is weighing on social order, security and welfare, and the economy. Immediate action is needed to address the challenges and mitigate their impact on the country. Job losses in economic engines According to a report by the Board for Private Sector Development Research (Board IV under the Advisory Council for Administrative Reform), job cuts are expected to affect a significant number of operational enterprises in 2023. Up to 71.3% of these enterprises are projected to reduce their workforce by 5% or more. The report also said that among the surveyed workers, 31% are currently unemployed, and this trend is expected to continue in the rest of the year. “The number of jobless workers did not decline but increased between Q4 2022 and Q1 2023 and the trend is projected to continue over the remaining quarters of the year,” said the report. The highest unemployment rates are observed in sectors such as real estate trading, construction, tourism, and hospitality, ranging from over 40% to more than 50%. The areas most […]
Though half a year has has passed, the real estate market has barely improved despite multiple measures being taken to back it.
More time needed
Despite...
High temperatures in summer often cause dehydration. We can stay hydrated by drinking enough water and eating fruits and vegetables with high water content.
According...
Even if the market is upgraded after satisfying technical criteria and attracting huge amounts of foreign investment, it cannot secure sustainable development if irregularities...
The finance sector, with lots of potential for exploration and development, would possibly continue to attract South Korean capital in the upcoming years.
Leading foreign...
Amidst tough economic times, some Vietnamese businesses have successfully navigated the challenges by staying committed to their strategic plans, flexibly adapting to changes, and...
The imbalance in regional power supply and demand has exacerbated the power shortage in northern Vietnam. Are there any immediate solutions to the situation?
A...
As part of the New Southbound Policy (NSP), the ambitious endeavor of Taiwan (China) to diversify its industrial base and boost investment in regional...