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COVER STORY
Vietnam’s Human Resources
Market Overview
POPULATION, 2020
Average annual
population growth
97.58 million 2016-2020
1.13%
1,098,700 (11%) compared to 2019
URBAN POPULATION
35.93 million 63.2% 50.2% 49.8%
RURAL POPULATION 36.8%
61.65 million 48.99 million 48.59 million
Females
Males
WORKFORCE
Vietnam’s workforce of people aged 15 or above totaled 55.1 million in Q4/2020
66.9%
MALE WORKERS FEMALE WORKERS
28.9 million 22.2 million RURAL AREAS
33.1% 36.9 million
URBAN AREAS
18.2 million
52.5% 47.5%
In the 2016-2019 period, the workforce
increased an average of COVID-19 MAY HAVE
DEPRIVED AS MANY AS 1.6 million
0.8% each year people of the opportunity to enter the labor market.
As of December, 2020 the number of employed people aged 15 or above was 53.4 million,
a decline of 1.3 million people compared to 2019
WORKERS IN
Agriculture, forestry & sheries Construction and industry Services
17.5 million 16.5 million 19.4 million
7.2% compared to 2019 0.3% compared to 2019 0.1% compared to 2019
The number of informal workers stood at 20.3 million (up 119,100 compared to 2019)
while the number of formal workers was 15.8 million (down 21,100 compared to 2019)
12 | VIETNAM ECONOMIC TIMES | FEBRUARY 2021
