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NEWS UPDATES 
 11 Apr 2009

 

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Half a million to lose jobs in Vietnam

Vietnam may see about 500,000 workers be laid off this year due to impacts of the global economic crisis, the local newspaper Vietnam Economic Times reported Friday.

The forecast was made by the Institute of Labor Science and Social Affairs of Vietnam's Ministry of Labour, War Invalids and Social Affairs (MOLISA).

Labour-intensive sectors like the processing and exporting enterprises are likely to be hit hardest, according to the institute.

The possibility of unemployment will go to three groups of laborers, the migrant, unskilled and seasonal workers, said the institute.

To constrain the unemployment rate, measures were put forward including providing loans to the unemployed, subsidising income and supporting those who are seeking jobs.

 





 

 

 

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