Illustrative image (Source: VNA)
Hanoi (VNA) – A recent survey by the International Labour Organisation (ILO) has shown that Vietnamese businesses are yet to tap the full potential of young workers. 

The school-to-work transition survey was conducted by the General Statistics Office and the ILO in 2015, surveying Vietnamese people aged 15-29.

It indicated that high school graduates need 17.8 months to land their first stable and satisfactory job, 26 percent of young workers are overeducated for their jobs while 23.5 percent are underqualified.

Nearly two-thirds said they would rather work for the State thanks to job stability.

Though 58.6 percent of youngsters have paid jobs, nearly half lack labour contracts. Over one-third are self-employed or work as unpaid family workers before finding a better job.

About 80 percent are in informal employment, lacking social welfare access and legal protection.

The ILO ran the survey in 53 countries from 2012-2016. In Vietnam, it polled more than 2,700 young people in 2012-2013 and over 2,200 in 2015.

The survey is part of the Work4Youth project – a partnership between ILO and the MasterCard Foundation that aims to strengthen the production of labour market information specific to young people and work with policymakers on interpreting the data.-VNA