Share of employment outside the formal sector in Viet Nam
Viet Nam: Share of employment outside the formal sector was 62.01 in 2024. ▼ Falling
Share of employment outside the formal sector in Viet Nam, 2007–2024
Source: International Labour Organization.
Analysis
In 2024, share of employment outside the formal sector in Viet Nam stood at 62.01.
Compared with earlier readings it is up 0.9% on the previous year and down 6.9% over ten years.
Over the whole period, share of employment outside the formal sector in Viet Nam peaked at 74.28 in 2007 and was at its lowest, 59.18, in 2019.
That places Viet Nam 17th out of 81 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently falling across the 14 years of available data.
Share of employment outside the formal sector in Viet Nam, year by year
| Year | Value | Change |
|---|---|---|
| 2007 | 74.28 | — |
| 2009 | 73.16 | -1.5% |
| 2013 | 71.28 | -2.6% |
| 2014 | 66.62 | -6.5% |
| 2015 | 64.05 | -3.9% |
| 2016 | 62.47 | -2.5% |
| 2017 | 62.07 | -0.6% |
| 2018 | 59.99 | -3.4% |
| 2019 | 59.18 | -1.3% |
| 2020 | 62.08 | +4.9% |
| 2021 | 63.82 | +2.8% |
| 2022 | 62.64 | -1.9% |
| 2023 | 61.44 | -1.9% |
| 2024 | 62.01 | +0.9% |
Viet Nam compared with similar countries
- Viet Nam's 62.01 is above the median for upper middle income countries, which is 46.77, 1.3× the median. (28 countries reporting)
- Viet Nam's 62.01 is above the median for East Asia & Pacific, which is 51.39, 1.2× the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 73.72 | 73.16 | 74.28 | 2 |
| 2010s | 63.66 | 59.18 | 71.28 | 7 |
| 2020s | 62.4 | 61.44 | 63.82 | 5 |
Countries ranked near Viet Nam
More work & labour data for Viet Nam
- Persons outside the labour force (ILO modelled estimates) 22,535 (2027)
- Labour force participation rate (ILO modelled estimates) 71.95 (2027)
- Labour force (ILO modelled estimates) 57,816 (2027)
- Unemployment rate (ILO modelled estimates) 1.61 (2027)
- Labour dependency ratio 0.806 (2027)
- Output per worker, GDP constant 2021 international $ at PPP 30,426 (2027)
- Output per worker, GDP constant 2015 US $ 8,480 (2027)
- Employment-to-population ratio (ILO modelled estimates) 70.79 (2027)
- Persons outside the labour force (ILO modelled estimates) (15+) 3.1 % change on previous year (2027)
- Labour force (ILO modelled estimates) (15+), annual growth rate 0.7361 % change on previous year (2027)
Frequently asked questions
- What is share of employment outside the formal sector in Viet Nam?
- Share of employment outside the formal sector in Viet Nam was 62.01 in 2024, according to International Labour Organization.
- What is the highest share of employment outside the formal sector recorded in Viet Nam?
- The highest recorded value was 74.28 in 2007.
- What is the lowest share of employment outside the formal sector recorded in Viet Nam?
- The lowest recorded value was 59.18 in 2019.
- How does Viet Nam rank for share of employment outside the formal sector?
- Viet Nam ranks 17th out of 81 countries with data for 2024.
- Is share of employment outside the formal sector rising or falling in Viet Nam?
- Over the last ten years it is down 6.9%. The long-run trend across the full record is falling.
- Where does this Viet Nam data come from?
- The figures come from International Labour Organization, published as part of Share of employment outside the formal sector (previous ILO definition - ICLS13). Statizoid updates them automatically from the source API.
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About this data
With the aim of promoting international comparability, statistics presented on ILOSTAT are based on standard international definitions wherever feasible and may differ from official national figures. This series is based on the 13th ICLS definitions. For time series comparability, it includes countries that have implemented the 19th ICLS standards, for which data are also available in the Work Statistics -- 19th ICLS (WORK) database. This harmonized series for employment outside the formal sector is derived using the same set of criteria across countries to improve comparability. The criteria used are based on employment status, institutional sector, destination of production, bookkeeping, registration, social security contribution, places of work and size. Data disaggregated by economic activity are provided according to the latest version of the International Standard Industrial Classification of All Economic Activities (ISIC) available for that year. Data may have been regrouped from national classifications, which may not be strictly compatible with ISIC. For more information, refer to the Labour Force Statistics (LFS and STLFS) database description.