Vietnam says more jobless in 2009

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, reported dpa.

"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.

Issue of restoring operation of Central Asian Unified Energy System under consideration
Issue of restoring operation of Central Asian Unified Energy System under consideration
Kyrgyzstan reports 81 new COVID-19 cases
Kyrgyzstan reports 81 new COVID-19 cases
Israel ready to deepen bilateral relations with Kyrgyzstan
Israel ready to deepen bilateral relations with Kyrgyzstan
Loading Bars
Latest
Azerbaijani Air Forces conduct combat-training flights (PHOTO/VIDEO)
Timeframe for iron ore exploration in Azerbaijan's Dashkasan revealed
Azerbaijani Ministry of Finance to place state short-term bonds
Georgian Kula company doubles production of dried fruits
Georgia's exports of fruits, nuts soar
Georgia reveals volume of fertilizers exported to Azerbaijan
Azerbaijani minister: Dashkesan iron ore deposit promises great prospects
Azerbaijan plans to export agricultural products to Arab countries soon
Asian Development Bank discloses amount of funds allocated to Azerbaijan
Kazakhstan continues importing more grain, legumes from Turkey
Azerbaijan's State Customs Committee to launch new services for foreign trade participants
Uzbekistan expanding geography of natural uranium exports
Number of migrant workers from Turkey in Georgia edges up
Kazakh political analyst: Azerbaijan - plays important role in Turkic-speaking world
Russia reports over 6,500 new coronavirus cases
Azerbaijan increases import of cars from Georgia
Kazakh import of steel from Turkey down amid COVID-19 global pandemic
Azerbaijani State Customs Committee presents new e-commerce project
Iran provides funding for industrial, mineral projects
Georgia sees increase in export of blueberries
Georgia reveals volume of hazelnuts exported to Azerbaijan
Fitch forecasts moderate dividends from Kazakhstan's KazMunayGas' equity affiliates
Turkmenistan’s Turkmennebit to buy electrical equipment via tender
Diesel imports increases in Georgia
Financing for Uzbek solar power plant construction approved
Azerbaijan's MFA comments on provocative activities of Pashinyan
External debt up in Uzbekistan
Turkmenistan receives Russia's test system for revealing COVID-19
Azerbaijan's Bank BTB kicks off cooperation with Universal Payment Transfer system
The 7th International womEncourage virtual meeting launched with Gold Sponsorship and Digital Partnership of Azercell
Kazakhstan's oil extracting company opens tender to buy accumulators
Cotton harvesting starts in Azerbaijan's Beylagan district
Most popular goods imported to Uzbekistan revealed
Cargo traffic via Turkish Erzurum Airport decreases
Iran to tackle tax evasion
France reports over 1,000 people in ICU due to coronavirus
Azerbaijan, Turkey, Kazakhstan - key players in Turkic-speaking alliance
Iran looks to launch new freeway from Tehran to Karaj
CNG based vehicles could reduce fuel prices in Iran
United to provide COVID-19 tests to customers on San Francisco-Hawaii flights
CSTO resources cannot be used in territorial conflicts - Kazakh expert
Kazakhstan. Spain trade down twofold amid COVID-19
Shekel loses sharply on new lockdown restrictions
Iran hotel construction surges by 70 percent over 7 years
Signs COVID cases rising in Sweden again 'worrying' says PM Lofven
Iran`s Rouhani attends inauguration of several projects via video conference
Azerbaijani minister: Issuance of AzerGold's bonds - one of crucial events in 2020 for capital market (PHOTO)
Foreign Ministry discloses details of meeting of Azerbaijani, Georgian FMs (PHOTO)
Number of Kazakh cizitens sent back from Baku port during COVID-19 revealed
Azerbaijan reveals 133 more COVID-19 recoveries
Azerbaijan expands trade relations with Turkey, Russia during quarantine
Russia increases volume of livestock exports to Turkmenistan
Contract on methanol production in Iran signed
PM: Georgia still remains green state status and safe destination for tourists
LUKOIL-Azerbaijan opens tender on repair work
Bahar Azadi gold coin price still rising in Iran
Death toll from coronavirus pandemic exceeds 25,000 in Iran
Central Bank of Azerbaijan discloses amount of foreign currency bought by local banks
Construction of new oil refinery in Iran starts
Major repairs of Dovletabat-Deryalyk gas pipeline underway in Turkmenistan
Harley books $75 million in fresh restructuring costs, discontinues India operations
President Ilham Aliyev: There is a very high-level partnership between the European Union and Azerbaijan
Baku Stock Exchange holds meeting on issuance of AzerGold's bonds (PHOTO)
Azerbaijan’s Baku International Sea Trade Port discloses total cargo turnover this year
Iran discloses its exports via Jolfa customs
Azerbaijani expert in tourism sector talks about discounts on air tickets
Iran, Malaysia hold talks on preferential trade
FM: Azerbaijan's support for Georgia's position at UN General Assembly essential for us
Mikhail Barkan: Azerbaijan - one of most tolerant countries in world
LafargeHolcim Signs Net Zero Pledge with Science-Based Targets
Turkmen Akymly-Ugur service company announces production volumes
Turkmen service company plans to expand its export geography
Geostat reveals volume of vegetables exported by Georgia to Azerbaijan
SOFAZ expects no changes in its foreign currency portfolio
Azerbaijan unveils amount of loans issued to farmers
Range of products made in Azerbaijan's Nakhchivan expanding
Uzbekistan eyes to integrate into global economic, transport and transit corridors
Azerbaijani FM meets with Georgian counterpart (PHOTO)
Construction of large grain warehouse in Iran to be completed soon
Precious metal prices in Azerbaijan drop
Georgia reduces imports of electricity from Azerbaijan
Iran-Najaf flights resume for special passengers
Armenian intelligence network exposed - SOCIAL NETWORKS - PHOTO FACTS
UAE, Israel discuss energy, infrastructure cooperation
Iran declares trade turnover with EU member states
German industry's export expectations up significantly
EAEU countries increase fruit exports to Turkmenistan
Azerbaijani oil prices show climb
Pakistani Ambassador: Azerbaijan ably steered NAM in difficult times, provided leadership for developing countries
46-year-old enters Baku Higher Oil School
Moscow-Baku flights resumed (PHOTO)
Georgia reports 259 new COVID-19 cases
Uzbekistan increases cement production
Uzbekistan leads in foreign direct investment sector
Volume of currency sold at NIMA exchange rate in Iran climbs
Overhaul of Azerbaijani ‘Rasul Rza' dry-cargo ship completed (PHOTO)
Azerbaijani Cabinet of Ministers discusses budget-related issues (PHOTO)
Georgia increases import of tea from Azerbaijan
Nobel winners to get $110,000 raise as prize money increased
Corn production in Azerbaijan grows
All news