Ho Chi Minh City Unemployment Rate at 5.45 Percent

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Jan. 8 – Ho Chi Minh City’s unemployment rate is currently at 5.45 percent after the global slowdown led 280 businesses in the city to lay off 53,000 workers and place another 16,000 on part-time basis last year.

According to Voice of Vietnam, 80 percent of those laid off have already found jobs. The municipal Department for Labour, Invalids and Social Affairs says it will continue to monitor the employment rate, fine violators, build a network for updating information on the labor market as well as promote activities for job centers and vocational consultancy and training.

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The agency will offer support laid off workers through a campaign on labor laws, especially the unemployment insurance policy. Last year, it was reported that five entrepreneurs left the city, fleeing salary debts worth VND1.7 billion for 750 workers.