Many university graduates in HCM City cannot find a job or are underemployed, according to the HCM City's Centre for Human Resource Forecast and Labour Information.

Around 80 percent of graduates are employed, but only half of them have jobs in their fields of study, said Tran Anh Tuan, deputy director of the centre.

Half of employed university graduates have to accept unstable jobs with low incomes, and 20 percent of graduates are unemployed, Tuan said.

The city's unemployment rate is currently more than five per cent, as the economy has not created enough jobs. In addition, many applicants do not meet job qualifications.

The centre estimates there will be 250,000-270,000 vacancies annually for 2014 and 2015. About 130,000 new jobs will be created each year during the same period.

Trained employees account for 75 percent of recruitment demand, and untrained labourers, 25 percent.-VNA