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Around 670,000 Labourers In Vietnam Lose Jobs In The First Four Months

HANOI, May 12 — As many as 670,000 employees lost their jobs in the first four months of 2020 due to the COVID-19 crisis, reported VNA, based on data from the Department of Employment under the Ministry of Labour, Invalids and Social Affairs.

Data from the agency showed that by the end of April, about 55 per cent of labourers working in individual production and business establishments, and 46 per cent of those working in enterprises and cooperatives, had been affected by the pandemic.

Especially, April felt the most serious impact with 76 per cent of workers affected, an increase of 20 per cent against the previous month. Up to 76 perc ent of enterprises had to terminate and suspend labour contracts with workers, lay off employees or allow them to take turns working.

About 80,000 more labourers are forecast to lose their jobs in May, increasing the total unemployed in the first five months to 750,000.

The ratio of enterprises effected by the pandemic is predicted to surge between 75-80 per cent in the second quarter due to the ongoing global economic downturn.


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