Overall unemployment rate in Vietnam to drop below 3% by 2030
Below is the remarkable content specified in Decision 176/QD-TTg promulgating the Program for Assistance in Development of the Labor Market by 2030, issued by the Prime Minister of Vietnam on February 5, 2021.
Article table of contents
According to Vietnam's Decision 176/QD-TTg, the Prime Minister of Vietnam identified specific objectives of the Program for Assistance in Development of the Labor Market by 2030, including:
- Increase the quantity of skilled workers to satisfy the labor demand:
- The ratio of trained and qualified workers is expected to reach 30% by 2025 and 35-40% by 2030;
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Vietnam’s ranking of “Knowledge Worker” in Global Innovation Index (GII) is expected to in the top 60 by 2025 and top 55 by 2030;
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The ratio of workers with information technology skills is expected to reach 80% by 2025 and 90% by 2030.
- Creation of better jobs for workers:
- The overall unemployment rate is expected to drop below 3%; unemployment rate in urban areas is expected to drop below 4%;
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The ratio of workers in agriculture is expected to drop below 30% by 2025 and below 20% by 2030;
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Productivity growth rate is expected to reach at least 6,5%/year.
- Reduction in ratio of unemployed, uneducated or untrained youth;
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Assurance of safe working environments for workers;
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More details can be found in Vietnam's Decision 176/QD-TTg, effective from February 5, 2021.
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- Key word:
- Decision 176/QD-TTg of Vietnam
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