Vietnam’s labour market witnessed growth in Q1 2023, according to the General Office of Statistics (GSO).
The labour force increased by 88,700 people, reaching 52.2 million workers, with employment and wages also improving.
Urban labour force saw an increase of 121,000 workers, while the rural workforce dropped by 32,300.
Trained workers with degrees or certificates remained at 26.4%, indicating a slight increase over Q1 2022.
The service sector employed 39% of workers, followed by the industry and construction sector at 33.9%, and agriculture, forestry, and fisheries at 27.1%.
Average monthly wages rose to 7 million VND (US$298), with variations across sectors and genders.
The gender pay gap persists, with men earning 1.36 times more than women.
Despite rising wages, Vietnam remains an attractive destination for foreign investment due to its young, abundant, and low-cost workforce.
