More jobs were created in the third quarter of this year on the back of the country’s economic resurgence, a press conference held by the General Statistics Office (GSO) on October 6 heard.
Hanoi (VNA) - More jobs were created in the third quarter of thisyear on the back of the country’s economic resurgence, a press conference heldby the General Statistics Office (GSO) on October 6 heard.
The workforce in the quarter totalled 54.6 million people aged 15 or above, anincrease of 1.4 million against the second quarter but a decline of 1.1 millioncompared to the third quarter of 2019.
The number of employed labourers IN Q3 was up 1.5 million from Q2, with most newjobs in the informal economic sector.
Monthly incomes averaged 5.5 million VND (237.7 USD), up 258,000 VND against Q2but down 115,000 VND against Q3 2019.
While the labour market showed signs of improvement after hitting record lows inthe second quarter, more work must be done to create more jobs and achieve fullemployment, according to the GSO.
From January to September, 31.8 million people aged 15 and above were adverselyaffected by the COVID-19 pandemic, either becoming jobless or having their workinghours and salaries seriously slashed.
The service sector was hardest hit, with 68.9 percent of workers clobbered bythe outbreak, followed by industry and construction, with 66.4 percent of workersaffected. The rate in the agriculture, forestry, and fisheries sector was 27percent.
Director of the GSO’s Population and Labour Statistics Department, Vu Thi ThuThuy, said the pandemic may have taken away the opportunity for some 1.8million people to join the labour market./.
Vietnam’s labour market has bounced back quickly after the social distancing period, according to Minister of Labour, Invalids and Social Affairs Dao Ngoc Dung, who also expects it to return to the first-quarter level in the July-September period.
Ho Chi Minh City has about 105,000 job vacancies in the rest of the year, according to the city Human Resources Forecast and Labour Market Information (Falmi) Centre.
There were nearly 100,000 people applying for unemployment benefits each month this year while the monthly average in 2019 was just 60,000-70,000, according to an official of the Ministry of Labour, Invalids and Social Affairs (MoLISA).
Loans for temporary leave pay are expected to help firms retain skilled workers and mitigate the number of laid-off workers triggered by the COVID-19 pandemic.
Some 90,800 new jobs have been created in Ho Chi Minh City so far this year, accounting for 67.3 percent of the annual plan, the municipal Department of Labour, Invalids and Social Affairs has reported.
Having shed staff over the last three months as Vietnam’s economy slowed from the effects of COVID-19, many enterprises are now planning to recruit new staff for the year-end production peak. This signals a substantial improvement in the local labour market.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
Illustrative image (Photo: VNA) 
