Vietnam saw a year-on-year fall in the number of workers joining the labour market in the first quarter but increases in average income, according to Pham Hoai Nam, Director of the Population and Labour Statistics Department at the General Statistics Office (GSO).
Hanoi (VNA) - Vietnam saw a year-on-yearfall in the number of workers joining the labour market in the first quarter butincreases in average income, according to Pham Hoai Nam, Director of the Population and Labour Statistics Department atthe General Statistics Office (GSO).
Nam said that workers' average monthlyincome in the first quarter stood at 6.3 million VND (273 USD), up 339,000 VNDcompared to the fourth quarter of 2020 and 106,000 VND year-on-year.
On an annual basis, the agro-forestry-fisheriessector recorded the highest rise in average income, 5.2 percent, followedby the service sector with 1.5 percent and industry-construction 0.8 percent.
In particular, the income of those with employment contract increased 556,000 VND comparedto the fourth quarter of last year and 132,000 VND over the same time in 2020to 7.2 million VND per month.
According to Nam, the returnof COVID-19 before the Lunar New Year (Tet) holiday changed normal growth trendsin the first quarter, with a fall of nearly 200,000 workers in the workforcecompared to the same time last year and about 600,000 over the same time of2019.
The proportion of workers joining the labour market was 66.7 percent in urban areas and 69.9 percent in ruralareas.
The GSO reported that among49.9 million employees, 39.5 percent (or 19.7 million) were employed in theservice sector, 32.3 percent (16.1 million) in the industry-constructionsector, and 28.2 percent (14.1 million) in the agro-forestry-fisheries sector.
In the first quarter, 57.1percent of the workforce, or 20.7 million workers, were employed in the informalsector, down 251,700 over the fourth quarter of 2020 but up 525,400 over the same period last year, it said./.
Chairman of the Vietnam Textile and Apparel Association (VITAS) Vu Duc Giang has said the sector will focus on new potential markets to achieve an average growth of 6 percent each year during the 2020 – 2025 period.
In the face of the increasing serious COVID-19 pandemic, several businesses have become proactive in epidemic prevention and managing the crises flexibly to find greater opportunities and overcome this difficult period.
It’s time for the Government, workers and employers to unite as more than 30 million workers were adversely affected by COVID-19 by end of the second quarter.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
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.