Overview Of Vietnam’s Population Situation

Overview Of Vietnam's Population Situation

The current population of Vietnam is

Vietnam's population currently accounts for

of the world's population.

 Entered a period of

Population size golden

large population
structure

young
Relatively
population pyramid
Workforce Distribution By Gender

Labor Force

29.5

29

28.5

28

27.5

27

26.5

26

25.5

25
Q3/2016 Q3/2017 Q3/2018

Male Female

Considering the structure of the labor force by gender,

the proportion of male workers is higher than that of female workers.
However, this difference is not significant and shows that female workers account for a large number.
Workforce Distribution By Region
Labor Force

Q1/2018

Q1/2017

Q1/2016

0 10 20 30 40 50 60

Urban areas Rural areas

In general, the labor force in our country is mainly concentrated in rural areas,
accounting for nearly 70%.
Labor force participation rate (%)

Q3/2018 76.94

Q3/2017 76.75

Q3/2016 76.65

76.5 76.55 76.6 76.65 76.7 76.75 76.8 76.85 76.9 76.95 77

Series1
Number Of Workers By Technical Expertise In Quarter 3 Of 2016, 2017 And 2018

(millions of people)
14

12.07
12 11.43 12.32

10

6 5.4 5.33
4.96

4
2.93 2.82 2.77
2.05 2.13 2.09
1.81 1.73 1.8
2

0
2016 2017 2018
University/Over University College Secondary Vocational Training Elementary Vocational Training Total
Labor Distribution In 3 Main Fields

Quarter 3/2016 Quarter 3/2017 Quarter 3/2018

33.46 33.98 37.84

41.61 40.35 35.63

24.93 25.67 26.53

 Health Care and Society , 1.07
Others, 4.86
Other Services, 1.61
Politics , 3.08
Logistics and Storing, 3.2

Education and Training, 3.94

Agriculture, Forestry,
Aquiculture, 37.85
Accomodation and F&B, 5.26

Construction, 7.85

95.14%
Trading and Fixing Engineered
Vehicles, 13.59
in 10 fields
Manufacture, 17.71
QUARTER 3/2018
Unemployment rate
 National Unemployment Rate (%)
2.4
2.33
2.3
2.3
2.26

2.2
2.2 2.18

2.1
2.1

2
1.96

1.9

1.8

1.7
2012 2013 2014 2015 2016 2017 Q3.2018
 COMPARING VS RURAL AREA (%)

Urban% Rural%
4
3.59
3.5 3.4 3.37
3.21 3.23 3.19
3.09
3

2.5

2 1.82 1.84 1.79 1.74

1.54 1.49
1.5 1.39

0.5

0
2012 2013 2014 2015 2016 2017 Q3.2018
Structure of the labour force by technical qualification in Quarter 2, 2017 (%)
 Unemployment rates by Qualification
9

7.52 7.69
8 7.42
6.6 6.81
7

6 6.42 5.71
4.80 5.04
5 4.38 4.18
3.9 3.91 3.76 3.68
4
3.87 4.07 3.765 2.92
3 3.21
3.42 2.82
1.95
2
1.28
1

0
2013 2014 2015 2016 2017 Q2.2018

University+
College
Vocational Education
Professional secondary vocational training
Vietnam Youth Unemployment Rates from Jan 2016 to Jul 2018
Average Income, Insurance and Compensation Regimes
Average Monthly Total Income and Basic Salary
in 2017 and 2018 (Million VND)

Total income Basic salary

2018

2017

0 1 2 3 4 5 6
2017 2018
Total income 5.45 5.53
Basic salary 4.48 4.67
The Comparison between the Income and the Expenses of
Employees and their Families

2017 2018

Have abundant and savings 12% 16% 13%

17%

Enough to cover life

21%
Have to spend money providently 26%

Not enough to live, have to work

overtime 51% 44%

“ 32% of employees said their families have savings

with an average of 1.5 million VND per month
The Level of Satisfaction with their Salaries and Income

2017 2018

17% 17%
25% 23%

Satisfied
Fairly satisfied
Dissatisfied

52% 66%
Salary and Payment Regulations

Time-based Product-based Mixed form Enterprises also make regular salary

increases according to the salary scale for
8% employees.

State-owned FDI and private

enterprises (SOEs) enterprises

31%
2-3 years per time Shorter, usually
annually

61%
Heavily depending on According to the level
employee’s seniority of job completion and
and salary coefficient ranking
index system
Top 5 Provinces with Highest Average Salary (2017)

Rank Province Monthly salary (million VND)

Average 5.45

1 Ho Chi Minh City 10.37

2 Da Nang 10.2

3 Binh Duong 10.1

4 Bac Ninh 9.5

5 Ha Noi 9.3
New Graduates vs. Experienced Candidates

New graduates Experienced candidates

Always have high expectations about salary Has a better understanding of the average salary
in the market

72% of jobs for new graduates have a salary of 5.7 Usually 15.9 - 22.6 million VND/month
- 11.4 million/person/month

Apply the most in jobs with salary of about 15.9 - Still willing to look for opportunities and do lower-
22.6 million VND/month wage jobs
 Social Insurance Regimes in Vietnam

Health Maternity Labor Retirement Death

Insurance Insurance Accident and Insurance Insurance
applied for both applied for a lot of Occupational also applied for that person would
cases that the circumstances, Disease people with be supported the
employee sometimes male Insurance HIV/AIDS disease amount of money
themselves or their workers and equivalent to 10
children under female workers in applied for those times monthly
seven years of age legal surrogacy whose body basic wages
having heath period are also injured rate at
problems, with the allowed to do so more than 5%
allowances vary up
to 70 days
Compensations Regime in Vietnam

Tet Holiday International

New Year
(Lunar New Year) Labor Day

Liberation Day, Hung Kings'

Independence Commemoration Women’s Day(s)
Day Day

Other Special
Days for each Job Seniority Bonus Sales
Category
RECRUITMENT INSIGHT
 2018 Insights

✓ Growth in manufacturing
and engineering sector
created more jobs

✓ Increased demand for tech roles

as domestic and foreign start-up
boom

✓ Strong demand for sales and marketing

professional
2019 Insights

Similar to 2018, increasing demand for professionals with

experience and good understanding of local cultures

Still see strong demand for tech talent as more companies

undertake digital transformation

Jobs in new production segments such as electronics and

fast-moving consumer goods will continue to grow

Greater number of sourcing offices increase demand for

strategic procurement role
 Company expect to expand search to Vietnamese
talent overseas

Companies should optimize recruitment process to

secure top talent

INSIGHT
Challenge in retention as professionals always look
for new experience and growth
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