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Viet Nam Unemployment, total (% of total labor force) (modeled ILO estimate)
What is Viet Nam's unemployment, total (% of total labor force) (modeled ilo estimate)? As of 2023, it's 1.6% of total labor force, up from 1.3% of total labor force in 2014.
Author: Wantstats Research TeamSource: World Bank and Wantstats Repository
| Label | Unemployment, total (% of total labor force) (modeled ILO estimate) |
|---|---|
| 2014 | 1.256% of total labor force |
| 2015 | 1.848% of total labor force |
| 2016 | 1.848% of total labor force |
| 2017 | 1.874% of total labor force |
| 2018 | 1.161% of total labor force |
| 2019 | 1.681% of total labor force |
| 2020 | 2.103% of total labor force |
| 2021 | 2.383% of total labor force |
| 2022 | 1.57% of total labor force |
| 2023 | 1.645% of total labor force |
Data Source: World Bank and Wantstats Repository
Viet Nam Unemployment, total (% of total labor force) (modeled ILO estimate): Key Points
- By 2023, Viet Nam's unemployment, total (% of total labor force) came to 1.65 % of total labor force, against 1.26 % of total labor force in 2014 — around 31% up across the period.
- 2015: leaps to 1.85 % of total labor force (+47%).
- 2018: falls away sharply to 1.16 % of total labor force (-38%).
- 2019: shoots up to 1.68 % of total labor force (+45%).
- 2020-2021: surges to 2.38 % of total labor force (+42%).
- 2023: Series wraps up at 1.65 % of total labor force, a net 31.0% gain across the whole run.
Why Joblessness Spiked in 2020
Treat this less like a trend and more like a set of individual events. Something different seems to be driving each up or down move rather than one consistent force.
This spike isn't a local labor-market failure — it's the pandemic. COVID-19 lockdowns shut down entire sectors overnight in 2020, and unemployment jumped in almost every economy at the same time.
This data comes from Viet Nam's statistical reporting, sourced from the link below. As with most cross-country indicator datasets, expect the underlying survey to run less often than annually, with gaps modeled in between.
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Sales Leader, Bamberg
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Peter Groot Koerkamp
Account and Business Manager, EFS-Holland BV
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Younghwan Choi
Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.