Young and dynamic women and men make up the biggest group among Vietnam’s wage workers, who are willing to migrate within the country to find work, according to the International Labor Organization (ILO).
Of all the wage workers, 47 percent are between 15 and 24 of age, which “indicates one of the key characteristics of the Vietnamese labor market today”, ILO Vietnam Director Gyorgy Sziraczki said in a new policy brief.
A large proportion of young workers find jobs in the gradually expanding formal economy, especially in the dynamic export-oriented sectors such as garment and electronics.
Approximately 38 percent of wage workers have migrated within the country, with the share of women working outside their home province exceeds that of men, according to the ILO brief.
Many first-generation wage workers, especially migrants, start their working life in the export-oriented manufacturing sector.
After a few years, however, they leave to set up their own small businesses, or return to household enterprises as contributing family workers, or move to small-and medium-sized firms where employment relationship often remains an informal one.
“This [informal] labor market reality needs to be taken into account in the future development of social protection policies and in the reform of the labor law and industrial relations system,” Gyorgy Sziraczki said.
The ILO estimated that wage employees will total 25 million, or 44 percent of all workers by 2025, in comparison to the official figure of 18.2 million, or 35 percent of total employment provided by the 2013 Vietnam Labor Force Survey.
By economic sector, manufacturing accounts for the most wage employees in Vietnam, with 29 per cent, or 5.2 million workers. Construction ranks second with 16 per cent, followed by agriculture, forestry and fisheries.