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COVER STORY

COVID-19 AND IMPACT ON WORKERS AND EMPLOYMENT OVID-19 AND IMPACT ON WORKERS AND EMPLOYMENTOVID-19 AND IMPACT ON WORKERS AND EMPLOYMENTOVID-19 AND IMPACT ON WORKERS AND EMPLOYMENT
C C C C

people aged 15 or above nationwide
people aged 15 or above nationwide
A A AS OF DECEMBER, 2020S OF DECEMBER, 2020S OF DECEMBER, 2020 people aged 15 or above nationwide
32.1million were negatively affected by Covid-19
million were negatively affected by Covid-19ere negatively affected by Covid-19
32.1million w
( ( ( ( ( (including those who lost their jobs, went on furlough / took time off work, had working hours cut, saw income fall, etc.)including those who lost their jobs, went on furlough / took time off work, had working hours cut, saw income fall, etc.)including those who lost their jobs, went on furlough / took time off work, had working hours cut, saw income fall, etc.)including those who lost their jobs, went on furlough / took time off work, had working

Those with staggered
Those with staggered
Those with staggered
14%
39.9%
69.2%
T
Those having to quit work hose having to quit work
Those with
Those with 69.2% w 39.9% Those having to quit work 14%
working hours / layoffs
working hours / layoffs orking hours / layoffs
o
or stop economic activity
falling incomes or stop economic activityr stop economic activity
falling incomes
or rotating leave
or rotating leave
or rotating leave
AGRICULTURE, FORESTRY & FISHERIES
INDUSTRY & CONSTRUCTION
SERVICES
INDUSTRY & CONSTRUCTION
AGRICULTURE, FORESTRY & FISHERIES
MOST SEVERELY AFFECTED
MOST SEVERELY AFFECTED SERVICES INDUSTRY & CONSTRUCTION AGRICULTURE, FORESTRY & FISHERIES
MOST SEVERELY AFFECTED
2
26.4%%6.4
BY THE COVID-19 EPIDEMIC
BY THE COVID-19 EPIDEMIC 71.6%%71.6 64.7%%64.7 26.4
BY THE COVID-19 EPIDEMIC
of workers affected
of workers affected
of workers affected
Average monthly income as of December, 2020:
Average monthly income as of December, 2020:Average monthly income as of December, 2020:
Average monthly income as of December, 2020:
($237.50) (down 2.3 percent,
($237.50) (down 2.3 percent,
VND5.5 million ($237.50) (down 2.3 percent,
VND5.5 million ($237.50) (down 2.3 percent,
VND5.5 million ($237.50) (down 2.3 percent,
or VND128,000 ($5.50) compared to 2019).
or VND128,000 ($5.50) compared to 2019).
($5.50) compared to 2019).
Workers in the services sector have been most affected
Workers in the services sector have been most affected Workers in the services sector have been most affected
Workers in the services sector have been most affected
in terms of monthly incomes, which fell in terms of monthly incomes, which fell VND215,000 ($9.30).
in terms of monthly incomes, which fell VND215,000 ($9.30).
Workers in agriculture, forestry, and sheries saw monthly
Workers in agriculture, forestry, and sheries saw monthly Workers in agriculture, forestry, and sheries saw monthly
Workers in agriculture, forestry, and sheries saw monthly
Total unemployment Total unemployment
incomes decline VND156,000 ($6.73).
Total unemployment incomes decline VND156,000incomes decline ($6.73).
as of December, 2020: 2.48%
as of December, 2020:
as of December, 2020: 2.48% as of December, 2020:
(a 0.31 percentage point Those in industry and construction suffered from the lowest
(a 0.31 percentage point
(a 0.31 percentage point
Those in industry and construction suffered from the lowestThose in industry and construction suffered from the lowest
Those in industry and construction suffered from the lowest
increase against 2019)
increase against 2019) monthly decline, of VND100,000monthly decline, of ($4.3).
increase against 2019)
monthly decline, of VND100,000 ($4.3).
UNEMPLOYMENT IN
UNEMPLOYMENT IN
UNEMPLOYMENT IN
Urban areas: 3.88%
Urban areas: 3.88%Urban areas:
Rural areas:
Rural areas: 1.59%
Rural areas: 1.59%Rural areas: 1.59%Rural areas:
Source: VGSO, VET Research, January 2021
VGSO, VET Research, January 2021
FEBRUARY 2021 | VIETNAM ECONOMIC TIMES | 13