More college graduates unable to find jobs in Vietnam: report

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Young people seek opportunities at a job fair in Ho Chi Minh City. Photo: Diep Duc Minh Young people seek opportunities at a job fair in Ho Chi Minh City. Photo: Diep Duc Minh

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The unemployment rate among bachelor graduates continued to rise in the second quarter this year as a weak job market has made it more difficult for young people to find positions with good income prospects. 
According to a report released by the Labor and Society Science Institute, the number of unemployed graduates has increased from 178,000 in the first quarter to nearly 200,000 in the second quarter. 
In the first six months, a total of 1.14 million people were unemployed, or 2.42 percent of the working age population.
Unemployment increased among men, especially in urban areas and among younger demographics, but reduced among women.
Nguyen Thi Lan Huong, director of the Labor and Society Science Institute, blamed high graduate unemployment on a mismatch between supply and demand. 
She told local media that most bachelor graduates seek jobs in education and government agencies, even though these sectors have little demand. 
“In big cities like Hanoi and Ho Chi Minh City, many bachelor graduates have accepted to work for low salaries. But many people still think that university graduates can easily get high income jobs.”
Doan Mau Diep, deputy labor minister, said Vietnam will face greater challenges when the regional bloc ASEAN allows free labor movements at the end of the year. 
“Without improvement in the skills of local workers, Vietnam will face bigger unemployment threats.”

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