Graduate unemployment in Vietnam shows increase

Group of graduates wearing mortar boardsStatistics on education and employment released in Vietnam show an alarming increase in the unemployment status of graduates.

In fact, the proportion of young people who have studied at university or at another higher education institution is actually higher than those who are untrained. Moreover, young people aged 15-24 currently make up almost 50 per cent of the total unemployment figure.

There is concern now over the fact that Vietnam is producing far too many graduates. This comes as a result of the boosting of universities over recent years and promoting the degree path as the only option that matters.

In reality, those without academic qualifications at a higher level (such as cooks and mechanics) typically earn between VND20 and VND50 million – while graduates are left seeking employment in the VND5-7 million a month range.

Read more here from Vietnam Net
http://english.vietnamnet.vn/fms/education/163981/university-graduates-have-higher-jobless-rate-than-untrained-workers.html

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