Too many graduates for too few jobs

The number of graduates produced by Vietnam universities every year is 10 times the demand for them. That is according to an unemployment report released by the Ministry of Labour, War Invalids and Social Affairs, which spotlighted the high unemployment rate of workers with higher education, reports VietNamNet Bridge.

According to the report, more than 1.2 million workers were 'lacking jobs' by the end of 2013, accounting for 2.63% of total workers. Of this number, 900,000 had been reported as 'unemployed', which accounted for 1.9% of the labour force.

The proportion of unemployed workers finishing junior colleges (three-year training) and universities (four- to five-year training) was relatively high at 20.75%. More than 72,000 holders of bachelors and masters degrees are unemployed.
Full report on the VietNamNet Bridge site