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Over 240,000 workers underemployed late this year

By Hong Chieu   November 12, 2022 | 05:20 am PT
Over 240,000 workers underemployed late this year
Workers of Dony Garment Company in HCMC’s Tan Binh District on Oct. 21, 2022. Photo by VnExpress/Quynh Tran
Over 240,000 workers, mainly in the garment, footwear and wood processing industries, are underemployed as factories do not have enough orders to provide jobs for all.

Hoang Quang Phong, vice president of the Vietnam Confederation of Commerce and Industry, orders have declined on the back of global inflation weakening consumption in major export markets.

According to the Vietnam Leather, Footwear and Handbag Association, their business members saw the number of orders in the fourth quarter decrease by 30% year-on-year. Since September, their export turnovers have declined against previous months.

Textiles and garments are the Southeast Asian country's second-largest export earner, after smartphones. The country is among the world's largest manufacturers for brands like Nike, Calvin Klein, Mango, Zara and H&M.

 
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