Unemployment in Vietnam

Vietnam Unemployment | Economic News & Forecasts

Vietnam - Unemployment

Available data suggests the economy remains on solid footing in the last quarter of 2018, although GDP growth is expected to ease from the third quarter’s strong showing. Manufacturing activity appears to have stayed solid in the quarter, highlighted by a pick-up in industrial production in November and the manufacturing PMI hitting an 18-year high in the same month. This was mostly thanks to surging new business inflows and output, and could also be partly due to companies’ efforts to divert supply chains and relocate factories from China amid the U.S.-China trade row. Moreover, tourist arrivals increased at a rapid pace in November, while retail sales grew robustly in the same month, boding well for private consumption. On a less positive note, the external sector showed signs of weakening in Q4, as import growth outpaced export growth in October and November, with the latter month posting a trade deficit.

Vietnam - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate3.6  3.4  3.4  3.2  3.2  

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Vietnam Unemployment Chart

Vietnam Unemployment
Note: Unemployment in % of active population.
Source: General Statistics Office of Vietnam.

Vietnam Facts

Bond Yield4.99-0.13 %Jan 14
Exchange Rate23,2000.01 %Jan 14
Stock Market9020.15 %Jan 14

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