Unemployment rate among young people in Vietnam is more than threetimes higher than the adult rate, the International Labour Organisation(ILO) said in its recent report.
According to “The GlobalEmployment Trends for Youth 2013” report launched in Geneva on May 8,nearly half of the unemployed in the country last year are between 15and 24 of age.
“It is not easy to be young in the labourmarket today,” said ILO Viet Nam Director Gyorgy Sziraczki. “Theeconomic crunch has unfortunately hard hit the most dynamic generationof workers.”
But youth unemployment is only the peak ofthe iceberg. Four million or over 53 percent of young people are invulnerable employment. They are self-employed or work as contributingfamily workers, which are typically low-productivity jobs with meagreincome, poor working conditions and lack of social protection.
The ongoing reform of the education and training system is key to tapthe talent, energy and creativity of young women and men and support adynamic development process.
“A national vocational andtechnical education system that promotes the employability of youth andmeets the present and future needs of businesses is essential toproductivity growth, increased competitiveness and job creation,” saidSziraczki.
“It is time to strengthen the link between educationand training and export growth, economic diversification and creation ofmore and better jobs,” he stressed.
Unlocking thepotential of small- and medium-sized enterprises through cutting redtape and providing finance and business support services is another wayto promote productive job opportunities for young people.
According to Matthieu Cognac, ILO Asia-Pacific Youth EmploymentSpecialist, attention should also be directed to rural areas where themajority of young people live and work.
“Employment counselling,entrepreneurship courses and business mentoring could help many youngpeople to start and grow their own business,” he said.
Accordingto the ILO Vietnam Director, Vietnam’s youth employment challengescannot be tackled without promoting structural change to unleash growth,macroeconomic policies and fiscal incentives that support employmentand stronger aggregate demand, improve access to finance and increaseproductive investment.
“Young people deserve a better start andequal treatment, otherwise Vietnam would lose huge contribution toits socio-economic development,” he said.
The report also showsthat the world youth unemployment rate this year is projected toincrease by 13 percent, closed to 73 million young people.-VNA
According to “The GlobalEmployment Trends for Youth 2013” report launched in Geneva on May 8,nearly half of the unemployed in the country last year are between 15and 24 of age.
“It is not easy to be young in the labourmarket today,” said ILO Viet Nam Director Gyorgy Sziraczki. “Theeconomic crunch has unfortunately hard hit the most dynamic generationof workers.”
But youth unemployment is only the peak ofthe iceberg. Four million or over 53 percent of young people are invulnerable employment. They are self-employed or work as contributingfamily workers, which are typically low-productivity jobs with meagreincome, poor working conditions and lack of social protection.
The ongoing reform of the education and training system is key to tapthe talent, energy and creativity of young women and men and support adynamic development process.
“A national vocational andtechnical education system that promotes the employability of youth andmeets the present and future needs of businesses is essential toproductivity growth, increased competitiveness and job creation,” saidSziraczki.
“It is time to strengthen the link between educationand training and export growth, economic diversification and creation ofmore and better jobs,” he stressed.
Unlocking thepotential of small- and medium-sized enterprises through cutting redtape and providing finance and business support services is another wayto promote productive job opportunities for young people.
According to Matthieu Cognac, ILO Asia-Pacific Youth EmploymentSpecialist, attention should also be directed to rural areas where themajority of young people live and work.
“Employment counselling,entrepreneurship courses and business mentoring could help many youngpeople to start and grow their own business,” he said.
Accordingto the ILO Vietnam Director, Vietnam’s youth employment challengescannot be tackled without promoting structural change to unleash growth,macroeconomic policies and fiscal incentives that support employmentand stronger aggregate demand, improve access to finance and increaseproductive investment.
“Young people deserve a better start andequal treatment, otherwise Vietnam would lose huge contribution toits socio-economic development,” he said.
The report also showsthat the world youth unemployment rate this year is projected toincrease by 13 percent, closed to 73 million young people.-VNA
