Vietnam’s 2024 unemployment rate inches down to 2.24%
Vietnam’s unemployment rate was 2.24% in 2024, down 0.04 percentage points from 2023, according to the General Statistics Office (GSO).
The GSO estimated the jobless rate at 2.53% and 2.05% in urban and rural areas, respectively.
The unemployment rate among people aged between 15 and 24 stood at 7.83%, a 0.3-percentage-point increase from 2023.
Vietnam's workforce aged 15 and above was 53 million people by the end of 2024. Photo courtesy of the government's news portal.
At the end of 2024, the country’s workforce aged 15 and above was 53 million people, up 575,400 year-on-year. This includes 28.25 million males and 24.69 million females, up 383,500 and 191,900 year-on-year, respectively.
The number of employed people aged 15 and above is estimated at 51.9 million in 2024, up 585,100, or 1.1%, from 2023.
The service sector accounted for the lion’s share of the nation’s workforce with 20.8 million employed workers (40.1%, up 497,800 year-on-year), followed by industry-construction with 17.4 million (33.4%, up 167,000), and agriculture-forestry-fisheries with 13.7 million (26.5%, down 79,700).
The number of underemployed people declined by 74,400 year-on-year to 846,800 in 2024.
The 2024 average monthly income of contracted workers was VND7.7 million ($304), up VND610,000 ($24) year-on-year.
The average monthly income of Vietnamese male and female workers with labor contracts was VND8.7 million ($343) and 6.5 million ($256), respectively; with corresponding figures for urban and rural areas at VND9.3 million ($366.4) and VND6.7 million ($264), the GSO report says.
Vietnam’s population was estimated at 101.3 million in 2024, up 1.03% year-on-year.
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