Many workers have no emergency savings: survey

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People wait to withdraw their social insurance premiums in HCMC as their wages have fallen short of their demands, December 8, 2022. Photo by VnExpress/Van Tung

 

A recent survey by the Institute of Workers and Trade Union found some 59% of workers have not saved up a single dong to even cope with financial emergencies.

 

The survey of over 6,200 factory workers revealed that if they lost their jobs 11.7% could hold out for less than a month, 16.7% for one to three months and 12.7% for more than three months, Vu Minh Tien, head of the union, said at a seminar Thursday that discussed the current labor market amid a shortage of orders for businesses.

 

Some 38% said they are in debt, with 14% finding it difficult to repay in time.

 

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