THE LABOR MARKET DEVELOPMENT SUPPORT PROGRAM THROUGH 2030
The Decision No. 176/QD-TTg on promulgating the labor market development support program through 2030 is issued by the Prime Minister on February 05, 2021.
To be specific, the Program defines objectives such as: the percentage of trained workers having degrees and certificates will be 30% by 2025 and 35 - 40% by 2030; the proportion of workers with information technology skills will be 80% by 2025 and 90% by 2030, etc.
To maintain the overall unemployment rate at less than 3% and the unemployment rate in urban areas below 4%; to strive the proportion of workers in agricultural sector being below 30% and 20% by 2025 and 2030, respectively.
Remarkably, to strive to reduce the proportion of unemployment, uneducated or untrained youngsters to fewer than 8%; the proportion of workers in the age of participating in social insurance will reach 45% by 2025 and 60% by 2030, of which farmers and workers in the informal sector participating in voluntary social insurance will account for about 2.5% of the workforce by 2025 and about 5% of the workforce by 2030.
The Decision takes effect from the signing date.
