Sectoral Employment Forecast in 2016

In 2008, there were 2.03 million people in employment. By 2016, total employment is expected to be 77,000 lower than in 2008, recovering from a low of 1.7 million in 2010. In 2008, one quarter of employment was in the market services sector (finance, business services, hotels and other), just under one fifth in health and education, 14% in distribution (retail, wholesale and motor) and 13% in construction. By 2016, the sectoral distribution of employment will change somewhat. Traditional manufacturing is expected to lose 2 percentage points of its share and account for 5% of total employment by 2015. Construction is expected to account for 10% of employment in 2015 compared to 13% in 2008; agriculture for 4% compared to 6%. An increase in share is expected to be observed in market services, high tech manufacturing and transport and communications.

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Overview about construction in the world and Vietnam

Construction is one of the most thriving industries in the world with great influences on the economy of any country. Construction can be generic or civil engineering. Whether building a dam, monument, road, wooden structure or real estate assets, it is all done by this industry with proper calculations.

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