Vietnam Biggest City: 10,000 Workers Lose Jobs in 2008
As many as 46 enterprises in Ho Chi Minh City, the biggest city of Vietnam, reportedly closed door or limited operations due to global economic slowdown in 2008, making more than 10,000 workers to unemployed.
Of the enterprises, 19 were local enterprises and 13 were Korean-invested ones, according to HCM City’s Labor Confederation.
With the figure, the city took the lead in the number of unemployed workers in Vietnam last year, followed by southern Binh Duong province with 5,000.
Last year, more than 22,000 Vietnamese laborers lose jobs, according to statistics from the Ministry of Labor, War Invalids and Social Affairs.
Vietnam’s lower GDP will slash 0.65 per cent of the workforce, or 300,000, jobs next year while unemployed laborers will not be able to enjoy unemployment insurance until 2010, said the Ministry of Labor, War Invalids and Social Affairs (MoLISA).
Vietnam now has more than 45 million people of working age with total laborers in the state-owned sector accounting for 9.6 per cent, those in the non-state-run sector 88.8 per cent and 1.6 per cent in the foreign-invested sector. (Labor, Saigon Liberation)
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