In the first 9 months of 2024, the labour force aged 15 and over was 52.5 million, an increase of 210.6 thousand compared to the same period last year and the labour force participation rate was 68.5%.

The number of employed workers was 51.5 million, an increase of 212 thousand people compared to the same period last year.

According to the GSO, in general, the number of employed workers tends to increase, but the labour market development is not sustainable when the number of workers with informal jobs accounts for a large proportion.

The average income of workers in the third quarter was 7.6 million VND/month, an increase of 176 thousand VND compared to the previous quarter and an increase of 519 thousand VND compared to the same period last year.

Of which, the average income of male workers was 8.7 million VND/month, female workers was 6.5 million VND/month; the average income of workers in urban areas was 9.3 million VND/month, in rural areas was 6.6 million VND/month.

Thus, in the first 9 months, the average income of workers was 7.6 million VND/month, an increase of 7.4%, equivalent to an increase of 519 thousand VND compared to the same period last year.

Of which, the average income of male workers was 8.6 million VND/month, female workers was 6.4 million VND; the average income of workers in urban areas was 9.2 million VND/month, in rural areas was 6.5 million VND/month.

“The labour market continues to recover, but the quality of labour supply still has many shortcomings and limitations, failing to meet the labour demand of a modern, flexible, sustainable and integrated labour market. To date, there are about 37.6 million workers remain unskilled (the whole country only has about 28.5% of workers who have received training and have certificates).

The number of workers with jobs tends to increase, but the labour market is not developing sustainably when the number of informal workers doing precarious and unstable jobs still accounts for a large proportion, about more than three-fifths of the total number of employed workers in the country” – said the GSO./.