doi: 10.18178/ijimt.2022.13.2.920
The Impact of the Covid-19 Pandemic on the Labor Market in Vietnam
Ha Nguyen-Van
,
Le Hoang Nam ,
Pham Minh Giang ,
Tran Nguyen Hoan ,
Do Van Thang
- Faculty of Business Administration at Banking Academy, Vietnam.
Abstract
This article explores the effects of the COVID- 19epidemic on Vietnam's labor market, thereby pointing out theadvantages and disadvantages facing the labor market. Thearticle uses qualitative methods and analysis, thereby givingresults on the impact of the pandemic on Vietnam's labormarket. The study results show that the Vietnamese labormarket faces many difficulties in both human and financialresources. The closure (total or temporary) of activities hasincreasingly enhanced job loss. According to a survey by theGeneral Statistics Office (2020), there are 2900 businessestemporarily closed and 30.8 million workers are affected. Theseimpacts both create opportunities for the market but also causeit to face other challenges. The article also offers solutions thatthe Government implements to help businesses overcome thecrisis.
Keywords
- COVID-19 pandemic
- labor market
- Vietnam
How to Cite
Ha Nguyen-Van, Le Hoang Nam, Pham Minh Giang, Tran Nguyen Hoan, and Do Van Thang, "The Impact of the Covid-19 Pandemic on the Labor Market in Vietnam," International Journal of Innovation, Management and Technology, vol. 13, no. 2, pp. 46-50, 2022. https://doi.org/10.18178/ijimt.2022.13.2.920
Copyright & License
Copyright © 2022 by the authors. This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited (CC BY 4.0).