News

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.

–BERNAMA

nur

Recent Posts

Toshiba Turns 95 with a Giant Fridge, Big Vibes & A Spot in the Malaysia Book of Records

Who says anniversaries are just cake and candles? For Toshiba’s 95th Anniversary Dealer Convention, it… Read More

10 hours ago

Resorts World Sentosa’s Singapore Oceanarium Introduces New Experiences As Ticket Sales Go Live

Resorts World Sentosa (RWS, 圣淘沙名胜世界) has announced that ticket sales have launched for Singapore Oceanarium… Read More

11 hours ago

Barista Brews at Prices You Won’t Believe Exist

Think handcrafted coffee always comes with a hefty price tag? Think again. Across Malaysia, cafés… Read More

11 hours ago

POCO Introduces POCO F7: Where Futuristic Design Meets Exceptional Power

POCO, a leading technology brand among young tech enthusiasts, today unveiled POCO F7, setting a… Read More

11 hours ago

Proton Owners Hit the Road for Wellness: AG Autoworld x Herbal Farmer Flag Off First-Ever Fun Drive in Johor

What do you get when you mix wellness, good vibes, and 30 Proton cars? A… Read More

11 hours ago

OMSMC Earns Spot in Newsweek’s Global Hospital Rating 2025

Oriental Melaka Straits Medical Centre (OMSMC) has been listed in Newsweek’s Global Hospital Rating 2025,… Read More

15 hours ago

This website uses cookies.