Employment in the fields of agriculture, forestry and fishing is likely to fall to 21.1 million by 2020, from nearly 23 million in 2008, according to a recent labor analysis put out by the government.
The Vietnam Employment Trends Report 2010 claims that shrinking jobs in these fields reflects the prevailing shift in Vietnam's labor market away from relatively low-yield, labor-intensive agricultural jobs toward hi-tech, capital-intensive industries and service sectors.
The report was released in Hanoi on Monday by the Ministry of Labor, War Invalids and Social Affairs and warned that Vietnam would need more highly skilled workers to fuel its growth as a successful middle-income country.
The ministry also reported that Vietnam has a relatively high employment-to-population ratio: almost 75 percent of those aged 15 and above are currently employed.
Facing global financial instability, Vietnam's labor force participation increased between the years of 2007 and 2009. The increasing labor force participation rates for young men and women aged 15-19 years, from 37.1 percent in 2007 to 43.8 percent in 2009, suggest that a significant number of teenagers are leaving the education system to seek work to support themselves and their families.
Vietnam is hoping to generate 1.6 million jobs this year, the same as in 2010. In 2011, the country is expected to send 87,000 employees to work abroad.