Young people suffer most from the loss of employment in COVID-19
According to the report titled “Tackling the COVID-19 youth employment crisis in Asia and the Pacific”, the number of unemployed youths in Việt Nam may double this year, while the employment prospects of 663 million young people in Asia and the Pacific face challenges as a result of COVID-19 pandemic.
If the COVID-19 pandemic is brought under control soon, the number of young people in Việt Nam to lose their jobs will be 370,000, equivalent to an unemployment rate of 10.8 per cent. This could reach 548,000 if it is contained within six months.
Youths aged 15-24 will be hit harder than people above the age of 25 in the immediate crisis. They are also more likely than adults to work in less secure, lower-wage jobs usually with limited legal rights and social protection.
