Building stable labour supply chain a key solution to post-pandemic recovery
Building stable labour supply chains with labourers put at the centre of all policies and emphasis laid on ensuring income and social security is one of the solutions to post-pandemic economic recovery, heard a seminar in the framework of the 4th Vietnam Economic Forum held in Ho Chi Minh City on June 5.
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| Building a stable labour supply chain a key solution to post-pandemic recovery. (Photo: VNA) |
Deputy Minister of Labour, Invalids and Social Affairs Le Van Thanh said the pandemic has left negative effects on the labour market and labourers’ jobs and incomes.
Labour supply decreased sharply while the number of labourers with jobs dropped to the lowest level for many years. The number of labourers with jobs stood at 49.07 million in the fourth quarter of 2021, down 1.79 million from one year ago.
The unemployment rate peaked in Q3 of 2021 at 3.98 percent, equivalent to over 1.7 million people. The rate in urban areas reached a record 5.54 percent in the same quarter.
The average monthly income of labourers dropped from 6.7 million VND in 2019 to 5.3 million VND in 2021.
In particular, there has been a reverse trend in the labour structure, with 1.3 million labourers moving from urban areas to rural areas and from big economic hubs to localities.
The Deputy Minister said although most sectors and fields have entered the recovery period and begun to record growth again, labour supply remains limited, unable to meet demand, especially the demand for skilled personnel.
Some localities and industries are facing labour shortages, particularly textile-garment, electronic assembling, wood processing, and tourism and education.
Vice Chairman of the Vietnam General Confederation of Labour Ngo Duy Hieu underlined the need to create a favourable environment for the labour market to recover and develop, calling for early reform of policies on wages, social security, and social housing.
He also suggested reforming policies on investment attraction to prevent the concentration of too many investment projects in a locality, which puts pressure on the local infrastructure while causing local labour shortages.
Vice Chairman of HCM City People’s Committee Duong Anh Duc shared the city’s experience of keeping labourers. He said taking care of labourers’ lives, both material and spiritual, during the pandemic has helped workers stay with their employers, allowing businesses to quickly resume operations and avoid disruption in labour supply.
(Source: VNA)
