Youth Unemployment Rate in Vietnam decreased to 6.98 percent in the second quarter of 2020 from 7.01 percent in the first quarter of 2020.

Youth Unemployment Rate in Vietnam averaged 6.77 percent from 2011 until 2020, reaching an all time high of 7.86 percent in the third quarter of 2016 and a record low of 5.09 percent in the second quarter of 2014. This page provides - Vietnam Youth Unemployment Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Vietnam Youth Unemployment Rate - values, historical data and charts - was last updated on August of 2020. source: General Statistics Office of Vietnam

Youth Unemployment Rate in Vietnam is expected to be 7.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Youth Unemployment Rate in Vietnam to stand at 7.20 in 12 months time. In the long-term, the Vietnam Youth Unemployment Rate is projected to trend around 7.00 percent in 2021 and 6.50 percent in 2022, according to our econometric models.

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Vietnam Youth Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
6.98 7.01 7.86 5.09 2011 - 2020 percent Quarterly

Vietnam Labour Last Previous Highest Lowest Unit
Unemployment Rate 2.73 2.22 4.50 1.81 percent [+]
Employed Persons 53.15 55.33 55.33 23.50 Million [+]
Unemployed Persons 1.10 1.10 2.30 0.80 Million [+]
Minimum Wages 4420.00 4180.00 4420.00 1000.00 VND Thousand/Month [+]
Population 96.48 95.39 96.48 34.74 Million [+]
Retirement Age Men 60.00 60.00 60.00 60.00 [+]
Retirement Age Women 55.00 55.00 55.00 55.00 [+]
Wages 5981.00 5844.00 5981.00 1399.00 VND Thousand/Month [+]
Wages In Manufacturing 5874.00 5740.00 5874.00 2871.00 VND Thousand/Month [+]
Youth Unemployment Rate 6.98 7.01 7.86 5.09 percent [+]
Labor Force Participation Rate 76.60 76.40 77.50 76.40 percent [+]