VN among ten countries with lowest unemployment rates

VGP – Viet Nam is one of ten countries with the lowest unemployment rates, the Ministry of Labor, Invalids and Social Affairs reported Monday.

January 11, 2021 5:39 PM GMT+7

The Southeast Asian country’s national unemployment rate was unchanged at 2.48 in 2020 while urban unemployment rate stood at 4%.

A total of eight million new jobs were created over the past five years, said Minister Dao Ngoc Dung at a conference reviewing the ministry’s performance in 2020.

In addition, more than 635,000 local residents were sent to work abroad under contracts, exceeding the preset goal by 27%, Dung added.

Viet Nam ranked 110th out of 198 countries in Human Development Index (HDI) and second in quality of human resources in the Southeast Asian region.

Specifically, multidimensional poverty rate fell by 1.35% per year, from 9.88% in 2015 to 2.75% in 2020.

The central government and local authorities allocated VND 31.5 trillion (US$ 1.5 billion) to support people affected by the COVID-19 pandemic, according to Minister Dung./.

By Kim Loan

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