Average income of workers is nearly 8 million VND per month

This figure was stated by the Ministry of Planning and Investment in its report on socio-economic development sent to the Economic Committee on April 21. The Ministry assessed that the labor and employment situation in the first three months of the year had recovered positively.

The average monthly income of workers is 7.9 million VND, an increase of 204,000 VND compared to the end of 2022 and 578,000 VND compared to the same period last year. This data is updated, an increase compared to the 7 million VND given by the General Statistics Office at the end of March.

The unemployment rate is about 2.25%, down 0.07 percentage points from the last quarter of 2022 and 0.21 percentage points from the same period last year. Similarly, the underemployment rate also decreased by 1.07 percentage points over the same period, reaching 1.94%.

For the first time, a nationwide online job exchange was piloted, helping workers who lost their jobs or had reduced working hours connect with businesses.

Previously, according to a report by the General Statistics Office, the average monthly income of male workers was 1.3 times higher than that of female workers. The income of workers in urban areas was 1.4 times higher than that of rural areas. However, the agency said that income increased unevenly across economic sectors.

In this report, the Ministry of Planning and Investment said that last year, one more target was not achieved compared to the target assigned by the National Assembly and reported at the end of 2022 session. Thus, last year, two out of 12 socio-economic development targets were not achieved, which were the proportion of manufacturing and processing industry (24.76%) and the labor productivity growth rate (4.8%).

The reason, this agency explained, is that production, business and investment activities have faced increasing difficulties since the first half of the fourth quarter of 2022. Prices of gasoline, raw materials and input materials have fluctuated strongly.

In addition, exports face many challenges as orders and large, traditional markets shrink due to declining demand. Meanwhile, internal capacity and economic autonomy still depend heavily on imported input materials. These factors have impacted and put great pressure on the growth of the processing and manufacturing industry in 2022.

In the first three months of this year, processing and manufacturing - a key sector in industrial production - continued to decline by 2.4% (up 7.3% in the same period last year). Some key processing industries, such as textiles, footwear, electronics, and computers, saw production decrease by 2-8%.

According to the survey results of the General Statistics Office, in the first quarter, about 39% of enterprises in this sector reduced production orders compared to the same period last year. Of which, orders for textiles, footwear, and wooden products decreased by 15-20%; seafood exports also decreased by more than 20% compared to the same period.

According to VnExpress