Vietnam unemployment rate peaks since Covid onset
Vietnam's unemployment rate rose to 3.72 percent in Q3, the highest since early 2020 when the novel coronavirus was first detected in the country.
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The Government of Ho Chi Minh City sent message inviting workers to return the city to resume working as half of labor force at industrial parks opted to travel to their hometown.
Minister of Agriculture and Rural Development Le Minh Hoan and U.S. Trade Representative Katherine Tai signed an agreement addressing U.S. concerns in the Vietnam timber Section 301 investigation on Friday.
Profits of the banking industry in the third quarter would decrease by 19 percent compared to the previous quarter due to slowing credit growth and increasing provision expenses, Yuanta Securities Vietnam estimated.
Vietnam's unemployment rate rose to 3.72 percent in Q3, the highest since early 2020 when the novel coronavirus was first detected in the country.
Vietnam is going through the demographic transition to an older society at an earlier stage of economic development and a lower level of per capita income than other countries, World Bank said.
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