Skilling Up Vietnam : Preparing the Workforce for a Modern Market Economy

Education has played an important role in making Vietnam a development success story over the last 20 years. In the 1990s and early 2000s Vietnam experienced rapid economic growth. The accelerated growth was driven predominantly by productivity inc...

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Main Authors:	Bodewig, Christian, Badiani-Magnusson, Reena, Macdonald, Kevin, Newhouse, David, Rutkowski, Jan
Format:	Publication
Language:	English en_US
Published:	Washington, DC: World Bank 2014
Subjects:	ECONOMIC GROWTH EXPANDING WORKFORCE LABOR MOBILITY PRODUCTIVITY REALLOCATION OF JOBS YOUTH POPULATION
Online Access:	http://documents.worldbank.org/curated/en/2014/06/19705606/skilling-up-vietnam-preparing-workforce-modern-market-economy http://hdl.handle.net/10986/18778

id	okr-10986-18778
recordtype	oai_dc
spelling	okr-10986-187782021-04-23T14:03:49Z Skilling Up Vietnam : Preparing the Workforce for a Modern Market Economy Bodewig, Christian Badiani-Magnusson, Reena Macdonald, Kevin Newhouse, David Rutkowski, Jan ECONOMIC GROWTH EXPANDING WORKFORCE LABOR MOBILITY PRODUCTIVITY REALLOCATION OF JOBS YOUTH POPULATION Education has played an important role in making Vietnam a development success story over the last 20 years. In the 1990s and early 2000s Vietnam experienced rapid economic growth. The accelerated growth was driven predominantly by productivity increases that came in the wake of a rapid shift of employment from low-productivity agriculture to higher-productivity nonfarm jobs. Vietnam's economy began to industrialize and modernize. Poverty fell dramatically. And education played an enabling role. Vietnam's committed effort to promote access to primary education for all and to ensure its quality through centrally set minimum quality standards has contributed to the country's reputation for having a young, well-educated workforce. Results from the 2012 Program for International Student Assessment (PISA) and new evidence from an adult skills survey presented in this book show that literacy and numeracy among Vietnam's youth and young urban adult workforce are strong and exceed those of even some wealthier countries. Despite its clear progress, Vietnam is facing new challenges. The pace of economic growth and the reallocation of jobs away from agriculture have slowed in recent years. Rather than productivity improvements, capital investments have become the main source of economic growth, but this model is not sustainable for ensuring continued rapid economic growth. The size of its workforce is still expanding, but its youth population is shrinking, which means that Vietnam cannot continue to rely on the size of its workforce for continued success. Instead, it needs to focus on making its workforce more productive and on alleviating skills barriers to labor mobility. 2014-06-26T15:36:34Z 2014-06-26T15:36:34Z 2014-06-17 http://documents.worldbank.org/curated/en/2014/06/19705606/skilling-up-vietnam-preparing-workforce-modern-market-economy 978-1-4648-0231-7 10.1596/978-1-4648-0231-7 http://hdl.handle.net/10986/18778 English en_US Directions in Development--Human Development; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ Washington, DC: World Bank Publications & Research :: Publication East Asia and Pacific Vietnam
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	ECONOMIC GROWTH EXPANDING WORKFORCE LABOR MOBILITY PRODUCTIVITY REALLOCATION OF JOBS YOUTH POPULATION
spellingShingle	ECONOMIC GROWTH EXPANDING WORKFORCE LABOR MOBILITY PRODUCTIVITY REALLOCATION OF JOBS YOUTH POPULATION Bodewig, Christian Badiani-Magnusson, Reena Macdonald, Kevin Newhouse, David Rutkowski, Jan Skilling Up Vietnam : Preparing the Workforce for a Modern Market Economy
geographic_facet	East Asia and Pacific Vietnam
relation	Directions in Development--Human Development;
description	Education has played an important role in making Vietnam a development success story over the last 20 years. In the 1990s and early 2000s Vietnam experienced rapid economic growth. The accelerated growth was driven predominantly by productivity increases that came in the wake of a rapid shift of employment from low-productivity agriculture to higher-productivity nonfarm jobs. Vietnam's economy began to industrialize and modernize. Poverty fell dramatically. And education played an enabling role. Vietnam's committed effort to promote access to primary education for all and to ensure its quality through centrally set minimum quality standards has contributed to the country's reputation for having a young, well-educated workforce. Results from the 2012 Program for International Student Assessment (PISA) and new evidence from an adult skills survey presented in this book show that literacy and numeracy among Vietnam's youth and young urban adult workforce are strong and exceed those of even some wealthier countries. Despite its clear progress, Vietnam is facing new challenges. The pace of economic growth and the reallocation of jobs away from agriculture have slowed in recent years. Rather than productivity improvements, capital investments have become the main source of economic growth, but this model is not sustainable for ensuring continued rapid economic growth. The size of its workforce is still expanding, but its youth population is shrinking, which means that Vietnam cannot continue to rely on the size of its workforce for continued success. Instead, it needs to focus on making its workforce more productive and on alleviating skills barriers to labor mobility.
format	Publications & Research :: Publication
author	Bodewig, Christian Badiani-Magnusson, Reena Macdonald, Kevin Newhouse, David Rutkowski, Jan
author_facet	Bodewig, Christian Badiani-Magnusson, Reena Macdonald, Kevin Newhouse, David Rutkowski, Jan
author_sort	Bodewig, Christian
title	Skilling Up Vietnam : Preparing the Workforce for a Modern Market Economy
title_short	Skilling Up Vietnam : Preparing the Workforce for a Modern Market Economy
title_full	Skilling Up Vietnam : Preparing the Workforce for a Modern Market Economy
title_fullStr	Skilling Up Vietnam : Preparing the Workforce for a Modern Market Economy
title_full_unstemmed	Skilling Up Vietnam : Preparing the Workforce for a Modern Market Economy
title_sort	skilling up vietnam : preparing the workforce for a modern market economy
publisher	Washington, DC: World Bank
publishDate	2014
url	http://documents.worldbank.org/curated/en/2014/06/19705606/skilling-up-vietnam-preparing-workforce-modern-market-economy http://hdl.handle.net/10986/18778
_version_	1764442797362905088

Skilling Up Vietnam : Preparing the Workforce for a Modern Market Economy

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