ID :
39007
Tue, 01/06/2009 - 12:05
Auther :
Shortlink :
http://m.oananews.org//node/39007
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Economic crisis means 300,000 to lose jobs
Hanoi (VNA) - The decrease in the country's growth rate this year could entail
a loss of 300,000 jobs, or 0.65 percent of the labour force, according to the
Ministry of Labour, Invalids and Social Affairs (MoLISA).
Nguyen Dai Dong, head of Employment Division under MoLISA, said some 300,000 people
might be affected by the economic slowdown.
The industrial and services sectors, which employ around 9 million workers, will be
the hardest hit while over 35 million agricultural labourers will see their working
hours reduced by this wave of unemployment.
The ministry has asked all localities to survey and report fully on their
unemployment rates by the second quarter of this year.
It plans to create between 3-3.2 million jobs over this year and the next year in
an efforts to keep the urban unemployment rate under 5 percent, and reduce the
proportion of workers involved in agriculture to under 50 percent.
It is expecting around 100,000 Vietnamese to find work abroad each year, 60 percent
of them skilled labour, and 10 percent from poor districts.
A decree on unemployment insurance that took effect from the first day of this year
is expected to partly mitigate the impacts of the economic slowdown.
The decree provides a framework for laid off workers who cannot find another job to
receive insurance for three to 12 months depending on how long they've paid to the
fund.
It will not be until the beginning of 2010 that the first such workers can benefit
from the decree, given the requirement that a worker must have signed a contract of
at least 12 consecutive months to become eligible.
"Unemployment insurance is needed to stabilise workers' life and to assist them in
training and finding new jobs," said Nguyen Thanh Hoa, Deputy Minister of MoLISA.
Hoa dispelled concerns that the regulations would mean more hardship for businesses
already suffering from the global financial meltdown, saying that they had had
ample time to prepare for it since the law was passed in 2006.-Enditem
a loss of 300,000 jobs, or 0.65 percent of the labour force, according to the
Ministry of Labour, Invalids and Social Affairs (MoLISA).
Nguyen Dai Dong, head of Employment Division under MoLISA, said some 300,000 people
might be affected by the economic slowdown.
The industrial and services sectors, which employ around 9 million workers, will be
the hardest hit while over 35 million agricultural labourers will see their working
hours reduced by this wave of unemployment.
The ministry has asked all localities to survey and report fully on their
unemployment rates by the second quarter of this year.
It plans to create between 3-3.2 million jobs over this year and the next year in
an efforts to keep the urban unemployment rate under 5 percent, and reduce the
proportion of workers involved in agriculture to under 50 percent.
It is expecting around 100,000 Vietnamese to find work abroad each year, 60 percent
of them skilled labour, and 10 percent from poor districts.
A decree on unemployment insurance that took effect from the first day of this year
is expected to partly mitigate the impacts of the economic slowdown.
The decree provides a framework for laid off workers who cannot find another job to
receive insurance for three to 12 months depending on how long they've paid to the
fund.
It will not be until the beginning of 2010 that the first such workers can benefit
from the decree, given the requirement that a worker must have signed a contract of
at least 12 consecutive months to become eligible.
"Unemployment insurance is needed to stabilise workers' life and to assist them in
training and finding new jobs," said Nguyen Thanh Hoa, Deputy Minister of MoLISA.
Hoa dispelled concerns that the regulations would mean more hardship for businesses
already suffering from the global financial meltdown, saying that they had had
ample time to prepare for it since the law was passed in 2006.-Enditem
