DPA
Hanoi - The global economic crisis is leading to the first large-scale job losses in Vietnam's export-oriented economy in years, government officials said Tuesday. However, thorough labour statistics are not gathered in Vietnam, and officials offered differing estimates of the damage.
"About 300,000 people will lose their jobs or face reduced working hours next year," said Nguyen Dai Dong, head of Vietnam's Labour and Employment Agency.
Dong said that estimate was based on the effects of an expected reduction in gross domestic product (GDP) growth from over 8 per cent in 2008 to 6.5 per cent next year.
He said the agency did not know how many people enter Vietnam's labour force each year, making it impossible to assess the effect on the country's unemployment rate.
Deputy Minister of Labour Nguyen Thanh Hoa did have an estimate of yearly labour force entrants: about 1 million.
"But no one calculates how many people leave the work force" due to retirement, death or other reasons, Hoa said, meaning unemployment still cannot be assessed.
To complicate matters, Vietnamese media Tuesday widely misreported Dong's estimate of 300,000 lost jobs as 3 million.
"Reporters should learn how to do math," Dong said.
What is clear is that Vietnamese businesses are shedding jobs rapidly as export orders slow.
Electronics company Canon's Hanoi factory last week announced it would cut 2,000 jobs. Japanese company Nissei Electric eliminated 300 jobs at its Hanoi factory earlier this month.
In Ho Chi Minh City, the country's economic capital, employers cut 30,000 jobs in November alone, according to the city's chapter of the national labour union.
Vietnam's government set a target of 1.7 million new jobs in 2009, but officials said slow growth meant at most 1.4 million were likely to be created. It was not clear whether that gap was the source of Dong's figure of 300,000 lost jobs.
This month Vietnam's government said it would begin offering unemployment insurance for the first time. But while workers will begin paying into the unemployment fund on January 1, the fund will not begin paying out benefits until after the first 12 months of contributions.
Beneficiaries will receive up to 60 per cent of their previous salary.
Unemployment is particularly high in Vietnam's countryside.
"We planned to reduce the unemployment rate in cities to under 5 per cent, and under 50 per cent in the countryside, but this rate is unrealistic due to the global economic crisis," said Hoa.
"About 300,000 people will lose their jobs or face reduced working hours next year," said Nguyen Dai Dong, head of Vietnam's Labour and Employment Agency.
Dong said that estimate was based on the effects of an expected reduction in gross domestic product (GDP) growth from over 8 per cent in 2008 to 6.5 per cent next year.
He said the agency did not know how many people enter Vietnam's labour force each year, making it impossible to assess the effect on the country's unemployment rate.
Deputy Minister of Labour Nguyen Thanh Hoa did have an estimate of yearly labour force entrants: about 1 million.
"But no one calculates how many people leave the work force" due to retirement, death or other reasons, Hoa said, meaning unemployment still cannot be assessed.
To complicate matters, Vietnamese media Tuesday widely misreported Dong's estimate of 300,000 lost jobs as 3 million.
"Reporters should learn how to do math," Dong said.
What is clear is that Vietnamese businesses are shedding jobs rapidly as export orders slow.
Electronics company Canon's Hanoi factory last week announced it would cut 2,000 jobs. Japanese company Nissei Electric eliminated 300 jobs at its Hanoi factory earlier this month.
In Ho Chi Minh City, the country's economic capital, employers cut 30,000 jobs in November alone, according to the city's chapter of the national labour union.
Vietnam's government set a target of 1.7 million new jobs in 2009, but officials said slow growth meant at most 1.4 million were likely to be created. It was not clear whether that gap was the source of Dong's figure of 300,000 lost jobs.
This month Vietnam's government said it would begin offering unemployment insurance for the first time. But while workers will begin paying into the unemployment fund on January 1, the fund will not begin paying out benefits until after the first 12 months of contributions.
Beneficiaries will receive up to 60 per cent of their previous salary.
Unemployment is particularly high in Vietnam's countryside.
"We planned to reduce the unemployment rate in cities to under 5 per cent, and under 50 per cent in the countryside, but this rate is unrealistic due to the global economic crisis," said Hoa.
9 comments:
When Vietnam loses jobs, they have one more job that is to come to Cambodia and take more land and then piss on all Khmer peoples head. I'm glad to see you guys drown.
I have hired both Cambodians and Vietnameses to work for me. I have to admit that the Vietnameses are better at working while the Cambodians are better at complaining.
I agreed with 2:04Am, Vietnameses are very smart people and most of the Cambodia are so dump on every jobs they are working on. They are best of stealling and complaining.
I rather move my company to Vietname instead.
Me Isay,I love khmer Sarin,Borey Ram,khmer Krom,Khmer Apsara they are werry pretty.
3:32aM MOVE TO VIETNAME FUCKING HEAD! OR MAY ALL YOUR FAMILY WOULD DIE IN CRUEL ACCIDENT!!!! IF YOU LIE!
2:04am SOUND LIKE YOU ARE A FUCKING COMMUNIST OR THE MASTER OF MODERN SLAVERY!
MAY GOOD HONEST FREE VIETNAMESE SEND YOU TO HELL SOON!
No doubt that job will be an issue, but we can work closely with our pal to lessen the impact.
3:58 and 4:00: be realistic: vietnamese are more pragmatic and succeed more in what khmer do: just look the successful business hold by asian in USA or Europe: most are viet, korean or chinese. For the khmer who succeed, they are mix khmer yuon or khmer chinese. This is the sad truth, real khmer people are only good to make gangs in Long Beach, complaining and lazy, or good at disputing between us.
We are the brown asian, and just see that the white asian countries have more success than brown asian countries: cambodia, laos, thailand, myanmar, indonesia, Malaysia VERSUS Singapore, China, Taiwan, Vietnam, Korea, Japan.
The factor that may explain that may be climate. In hot countries, people are slow to think, while in cold countries, it is a matter of survival. The same in Europe and America: successful countries are in the north (Canada, USA, France, Germany, UK, Sweden, Danmark, etc.) while lousy countries in the south (Mexico, Latin America, Greece, Portugal, etc.).
But anyway, with the climate change, we may have snow in Cambodia, then we can develop our country.
I am not worry. Vietnam got jobs and pretty women, and we got lands.
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