LABOR MARKET TRENDS IN VIET NAM -Labor market is the sphere in which labor is “bought” and “sold”, and in which market concepts such as supply, demand and price operate with regard to human resources -Growth in GDP: From 2005 to 2016, there was a fluctuation in the GDP in Vietnam In detailed, in 2005, the GDP was 7.5 and declined gradually to 7.0 in 2006 The GDP in Vietnam experienced a significant decrease in the 2008, it was 5.7, more than 20% decrease from the previous year After two years of continuous decrease, this figure rose quickly from 5.4 to 6.4 in 2010, then reduced back in the next two years There was a positive change in the GDP in Vietnam during three years from 2013 to 2015, it grew significantly from to 6.7 in 2015 However, this figure in Vietnam declined moderately to 6.2 in 2017, a decrease of 7.01% Overall, the GDP in Vietnam is not stable, increase and decrease frequently -Unemployment levels in Vietnam: Overall, the unemployment rate in Vietnam tends to decrease over the years from 2005 to 2016 In 2005, the unemployment percentage was 5.3% This rate declined to 4.6% in 2006 and nearly unchanged until 2009 In 2010, there was a considerable decrease in the unemployment percentage, it was 3.6%, and continued to go down to 3.2% in 2011 However, this proportion rose back to 3.6% in 2013, then reduced continuously during the next three years It was 3.4% in 2014 and remained the same until 2015, and dropped slightly to 3,2% in 2016 -Population by age group in Vietnam: Population in Vietnam is illustrated by the age group bar chart and Geographical Distribution pie chart It is clearly that, the majority of Vietnam population from middle age (15 -64) made up more than two-third of total in 2015 In contrast, the smallest rate had shown on the bar chart of age group is the elderly (65 above) On the other hand, the geographical distribution shown that the people who live in rural still have the most proportion (66,3% compare to 33,7%) in 2015 -Age Distribution in Vietnam: The table illustrates The Proportion Age distribution in Vietnam In age of under 15 to more than 65 in years 1989, 1999,2009,2014 and 2015 Overall, the majority of people from middle age (15-64) made up more than half of the total in years In contrast, the lowest rate that could be seen in the category of distribution age is the elderly (65 above) Percentage of population in 15-64 in Vietnam accounted for the most of total and starting at 56.1% in 1989 then increased during years about 61.1%, 69.1%, 69.4% respectively On the other hand, the lowest distribution in Vietnam at age of more than 65 which made up under 8% In 2015 population distribution comprised most on this year at just 7.6% which is around double that of in 1989 The children under 15 in vietnam placed almost in 1989 and 1999 at 39.2% and 33.1% and decreased slightly to 24.5%, 23.5% at 2009,2014 But there was a negligible increase in 2015 by 0.5% from the previous year -Educational Demographics in Viet Nam: The percentage of labor force in the group age of 1519 is 4,3% Then, this figure steeply increased in group of 20-24 and 25-29 about 10,4% and 11,6% respectively Continuously, 12.5% belong to group age of 30-34, and it also highest figure over the group age From the age group of 35-39 to 60-64 gradually decreases and the proportion is equal to the original age group of 4.3% (include: 11,9% of 35-39group, 11,8% of group 40-44, 11,0% of group 45-49, 9,95 of group 50-54, 7,7% of group 55-59, 4,6% of group 60-64 There are age groups cutting the labor rate above 10% and age groups with the labor rate below 10% Besides, the total labor force is 54.5 million, the highest proportion is the no qualification group (79,4%) University and above stand behind and also accounting for (9.1%) Professional college (2,7%), professional secondary school (3,9%) and vocational training (4,9%), these are all factors that capture a small workforce that can support the labor market -Vietnam Workforce Training: The line graph illustrates the percentage of trained employed workers of working age in years 2010, 2011, 2012, 2013, 2014 and 2015 Overall, the proportion of trained workers in working age during the period years increased continuously In 2010, the proportion of trained employed workers of working age accounted for 15.3%, then increased in the following years to 16.3%, 17.6%, 19.1%, 19.6% respectively and reaching a peak of 21.4% in 2015 -Balance between education and employment in Vietnam: The facts of is 63% fresh graduates unable to land jobs after graduation 81% companies hired fresh graduates the jobs that are not related to their majors 3% Enterprises are claimed to have cooperated with educational institutions Today, there are more and more companies working in the field of employment They are the bridge between the company and the workers They help workers solve unemployment They help businesses solve the problem of lack of human resources For example, Vietnam work is set up in October 15,2018 and the one of these companies about job growth in Vietnam 91% company hired graduates need training to conduct their jobs Because most student just learn knowledge in university but they not practice this Moreover, just 30% students attend social activities (best way to get soft skills in Vietnam) at university, in compare with 85% in developed countries  ... of trained workers in working age during the period years increased continuously In 2010, the proportion of trained employed workers of working age accounted for 15.3%, then increased in the... small workforce that can support the labor market -Vietnam Workforce Training: The line graph illustrates the percentage of trained employed workers of working age in years 2010, 2011, 2012, 2013,... unemployment They help businesses solve the problem of lack of human resources For example, Vietnam work is set up in October 15,2018 and the one of these companies about job growth in Vietnam 91% company