A recruiting event in Vietnam (Illustrative photo: VNA) Hanoi (VNA) – The International LabourOrganisation (ILO) in Vietnam stands ready to support the Vietnamese government,employers and employees in the fight for decent work at the time of the globalhealth, labour and economic crisis, said ILO Vietnam Director Chang-Hee Lee.
Vietnam has been doing a good job in containing the spreadof the novel coronavirus outbreak (COVID-19), Lee said.
The country’s determination to combat the pandemic has beenvery clear since Prime Minister Nguyen Xuan Phuc reiterated that the governmentwill accept economic losses in exchange for people’s lives and health, he said.
The pandemic might be far from over and this is the righttime to start making moves to buffer negative impacts on businesses, employmentand income of the majority of labourers, including those in the informalsector, the director noted.
The economic and labour crisis created by the COVID-19pandemic could increase global unemployment by almost 25 million, according toa new assessment released by the ILO on March 18.
However, if a coordinated policy response is launched internationally,as happened in the 2008 – 2009 global financial crisis, then the impact onglobal unemployment could be significantly lower.
The preliminary assessment note – “COVID-19 and the world ofwork: Impacts and responses” – calls for urgent, large-scale and coordinated measuresacross three pillars: protecting workers in the workplace, stimulating theeconomy and employment, and supporting jobs and incomes.
These measures include extending social protection, supportingemployment retention (for example, short-time work, paid leave, othersubsidies), and financial and tax relief, including for micro, small andmedium-sized enterprises.
In addition, the note proposes fiscal and monetary policymeasures, and lending and financial support for specific economic sectors.
The ILO warned that certain groups will bedisproportionately affected by the jobs crisis, which could increaseinequality. These include people in less protected and low-paid jobs, such asyouth, older workers, women and migrants. The migrants are vulnerable due tothe lack of social protection and rights, and women tend to be over-representedin low-paid jobs and affected sectors./.
Vietnam has been doing a good job in containing the spreadof the novel coronavirus outbreak (COVID-19), Lee said.
The country’s determination to combat the pandemic has beenvery clear since Prime Minister Nguyen Xuan Phuc reiterated that the governmentwill accept economic losses in exchange for people’s lives and health, he said.
The pandemic might be far from over and this is the righttime to start making moves to buffer negative impacts on businesses, employmentand income of the majority of labourers, including those in the informalsector, the director noted.
The economic and labour crisis created by the COVID-19pandemic could increase global unemployment by almost 25 million, according toa new assessment released by the ILO on March 18.
However, if a coordinated policy response is launched internationally,as happened in the 2008 – 2009 global financial crisis, then the impact onglobal unemployment could be significantly lower.
The preliminary assessment note – “COVID-19 and the world ofwork: Impacts and responses” – calls for urgent, large-scale and coordinated measuresacross three pillars: protecting workers in the workplace, stimulating theeconomy and employment, and supporting jobs and incomes.
These measures include extending social protection, supportingemployment retention (for example, short-time work, paid leave, othersubsidies), and financial and tax relief, including for micro, small andmedium-sized enterprises.
In addition, the note proposes fiscal and monetary policymeasures, and lending and financial support for specific economic sectors.
The ILO warned that certain groups will bedisproportionately affected by the jobs crisis, which could increaseinequality. These include people in less protected and low-paid jobs, such asyouth, older workers, women and migrants. The migrants are vulnerable due tothe lack of social protection and rights, and women tend to be over-representedin low-paid jobs and affected sectors./.
VNA
