SOURCE: World Bank
ABSTRACT Vietnam’s 50 million jobs are a cornerstone of its economic success. The transformation toward services and manufacturing, and impressive labor productivity and wage growth led to plunging poverty rates and globally enviable economic growth over the last decades. Employment rates are high and unemployment rates are low by global standards. The jobs challenge is to create more high quality and inclusive jobs. Shiny foreign factories paying above the minimum wage and offering social benefits typify, at best, only 2.1 million jobs. And registered domestic firms provide no more than 6 million jobs. Meanwhile, 38 million Vietnamese jobs are in family farming, household enterprises, or uncontracted labor. These traditional jobs tend to be characterized by low productivity, low profits, meager earnings, and few worker protections. While they have been a path out of poverty, they will not provide the means to reach the middle-class status that Vietnam’s citizens aspire to. Ethnic minorities, women, and unskilled workers cluster in these jobDETAILS Document Date2018/08/01 13:05:04 Document TypeWorking Paper Report Number129380 Volume No 3 Total Volume(s) 3 (See all volumes) CountryVietnam; RegionEast Asia and Pacific; Disclosure Date 2018/08/10 13:05:37 Disclosure Status Disclosed Doc NameVietnam’s future jobs : leveraging mega-trends for greater prosperity Keywords small and medium enterprise; global value chain; knowledge intensive sector; barriers to growth; household enterprise; local value; auxiliary services; job opportunities … See More + LanguageVietnamese TopicsJobs; Industrial Clusters and Value Chains; Education, Skills Development and Labor Market; Crop Production; Global Value Chains; Historic TopicsIndustry; Agriculture; Social Protections and Labor; Transport; Historic SubTopicsLabor Markets; Industrial and Consumer Services and Products; Climate Change and Agriculture; Crops and Crop Management Systems; Transport and Trade Logistics; Unit Owning Social Protection & Labor EAP (GSP02) Version Type Final OWNLOADS COMPLETE REPORT IN VIETNAMESE Official version of document (may contain signatures, etc) Official PDF , 1 pages 0.65 mb Total Downloads** : 28 TXT * *The text version is uncorrected OCR text and is included solely to benefit users with slow connectivity. **Download statistics measured since January 1st, 2014 CITATION World Bank. 2018. Vietnam’s future jobs : leveraging mega-trends for greater prosperity (Vol. 3) (Vietnamese). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/684001533920753542/Vietnams-future-jobs-leveraging-mega-trends-for-greater-prosperity
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