Vietnam, a one-party Communist state, has one of south-east Asia's fastest-growing economies and has set its sights

on becoming a developed nation by 2020.In Vietnam the rate of unemployment among youth is more than three times higher than the adult rate. Almost half of the unemployed in the country last year were between the age of 15 and 24 (ILO, 2013) Youth Unemployment and Intentional homicide: Intentional homicides are estimates of unlawful homicides purposely inflicted as a result of domestic disputes, interpersonal violence, violent conflicts over land resources, intergang violence over turf or control, and predatory violence and killing by armed groups. Intentional homicide does not include all intentional killing; the difference is usually in the organization of the killing. Individuals or small groups usually commit homicide, whereas killing in armed conflict is usually committed by fairly cohesive groups of up to several hundred members and is thus usually excluded. According to a report by the Ministry of Public Security Vietnam released on December 13 at a conference to review social stability and order in 2012, there has been an increase in crimes caused by young people. Nationwide, there were 37,221 crimes in 2012, a 2.67 percent increase over the previous year.

Date

Number of homicides

Rate Homicides per 100.000

2008

1,346

1.57

Youth Unemployment and GDP Growth

Consequences of Youth Unemployment

Decreased Earnings If we compare a person who is unemployed in Vietnam with a person in any other country who is employed for the entire lifetime considering same wages the person in Vietnam will have lowered earnings. He will contribute lesser towards countrys GDP. Also, because of his unemployment, he will not be able to build the skills or experience during the first years in the workforce he will get lower wages as compared with the employed person. His unemployment may lead to poverty which can bring income inequality in the society. Major Impact When a member of the family is unemployed this will push other members to join the labor

force. The unemployment may lead to added worker effect and thus may reduce the wages. Also, it has been seen being unemployed for a long time leads to decreased happiness, lower job satisfaction and mental health issues (Mohammad. M. Hussainat, 2013). Dissatisfied workforce is less productive and contributes lessee to the GDP. The unemployed Vietnamese youth becomes a burden on their government as the government has to provide them money as a welfare measure it imposes a burden on the taxpayers. So unemployment is not good for GDP. In addition to the short-term problems, unemployment causes for young people, it has long-term debilitating effects. Studies have shown that those who experience unemployment early in their life are more likely to be unemployed again in later years. Moreover, they are likely to earn less over their working life than are their peers who find jobs more easily (von Wachter, Song, and Manchester, 2009; Kahn, 2010). Experts call the negative long-term consequences of early unemployment scarring effects.

Youth Unemployment and Political Economy

Numerous studies argue that youth unemployment and underemployment are threat to the social, economic and political stability of nations (Urdal, 2006). Youth unemployment leads to the bad political economy. Generally high level of unemployment makes countries more unstable. According to research done by ( (Yogo, 2013) consistent high rate of unemployment is significantly associated with political instability and thus affecting the economy of the country. The fundamental obstacle to the present Vietnamese economy is rooted in the contradiction between the VCPs socialist ideology and its commitment to a market economy. Vietnam needs to lower the current unemployment if it wants a stable political economy.

References: Von Wachter, Till, Jae Song, and Joyce Manchester, 2009, Long-Term Earnings Losses Due to Mass Layoffs During the 1982 Recession: An Analysis Using U.S. Administrative Data from 1974 to 2004 (unpublished; New York: Columbia University). Urdal, H. (2006) 'A Clash of Generations? Youth Bulges and Political Violence'. International Studies Quarterly. 50(3): 607630. ILO. (2013). Global youth unemployment rate to reach 13 per cent this year: ILO. ILO. Mohammad. M. Hussainat, Q. M.d. (2013). The Impact of Unemployment on Young People in the Jordanian Community: A Case Study from Unemployed Perspective. Asian Social Science.

Yogo, T. F. (2013). Youth Unemployment and Political instability in developing countries. Working Paper Series.