Employment welfare

1. Employment & Welfare
in Vietnam
Prepared by Van Tran

2. Table of content
• Labor market overview
• Statistic data
• Employment benefit
• Unemployment allowance
• Reference

3. Labor market overview
• 3 main sectors: industry, agriculture and
service
• The working-age population in the 4th
quarter of 2013 reached 69.3 million
people.
• Around 2/3 of Vietnam’s working-age
population, or 46.1 million people, were
still based in rural areas.

4. • Unemployment Rate in Vietnam increased to
2.22 percent in the first quarter of 2015 from
2.10 percent in the fourth quarter of 2014.

5. Employed Person (mil.)

6. Employed persons by gender
(thousand)
0
5000
10000
15000
20000
25000
30000
35000
40000
2009 2010 2011 2012 2013
Female
Male

7. Significant trend
• Economic growth in 2013 was moderate but
showed signs of progress.
• Along with the economic recovery, labor
market trends were positive. Economic
participation in the labor market increased,
and the share of the labor force with technical
expertise expanded.
• The elder labor force (over the statutory
working age) rapidly increased by 10.1% and
reached 6.3 million people.
• Change in employment structural

9. Employment Benefits

10. Compulsory benefit
Insurance
Type
Employers Employees Total
Social
Insurance
18% 8% 26%
Medical
Insurance
3% 1.5% 4.5%
Voluntary
Insurance
1% 1% 2%
Total 22% 10.5% 32.5%

11. Voluntary benefits
• Discounts for employees
• Company trips
• Selling stocks
• Transportation
• Professional trainings
• Skills trainings
• Long-term contract assurance
• Year-end bonus (1-month salary)
• Occasional parties

12. Reference
• VIETNAM’S LABOUR MARKET UPDATE Vol.1, Quarter 1-2014
• Labour and Social Trends in Viet Nam 2009/10
• data.un.org
• http://www.molisa.gov.vn/