VN young workforce underutilised
Forty-three per cent of the country’s young labour workforce is still underutilised, while low quality employment remains a strong hindrance to the country’s productive transformation. This is a result of the School-to-work Transition Survey conducted by the General Statistics Office with the support of the International Labour Organisation in 2015 and released on January 16. Labour underutilisation refers to people who are unemployed, inactive and out of school, or in an irregular job (as self-employed or in a temporary paid job). The survey finds that although 58.6 per cent of young workers were in paid employment, nearly half did not have a written contract. Eighty per cent were also in informal employment, which means jobs that generally lack basic social and legal protection or employment benefits.
