Vietnam's Future Jobs : Leveraging Mega-Trends for Greater Prosperity

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 growt...

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Bibliographic Details
Main Authors:	Cunningham, Wendy, Pimhidzai, Obert
Format:	Report
Language:	English
Published:	World Bank, Washington, DC 2018
Subjects:	LABOR MARKET JOB CREATION AGRICULTURAL PRODUCTIVITY LABOR PRODUCTIVITY FOOD PROCESSING ENTERPRISE DEVELOPMENT EMPLOYMENT GENDER FEMALE LABOR FORCE PARTICIPATION MINIMUM WAGE LABOR SKILLS SKILLS DEVELOPMENT
Online Access:	http://documents.worldbank.org/curated/en/973841543238555966/Main-Report http://hdl.handle.net/10986/31016

id	okr-10986-31016
recordtype	oai_dc
spelling	okr-10986-310162021-05-25T09:20:25Z Vietnam's Future Jobs : Leveraging Mega-Trends for Greater Prosperity Cunningham, Wendy Pimhidzai, Obert LABOR MARKET JOB CREATION AGRICULTURAL PRODUCTIVITY LABOR PRODUCTIVITY FOOD PROCESSING ENTERPRISE DEVELOPMENT EMPLOYMENT GENDER FEMALE LABOR FORCE PARTICIPATION MINIMUM WAGE LABOR SKILLS SKILLS DEVELOPMENT 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 jobs. 2018-12-18T22:10:52Z 2018-12-18T22:10:52Z 2018-08 Report http://documents.worldbank.org/curated/en/973841543238555966/Main-Report http://hdl.handle.net/10986/31016 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work :: Other Social Protection Study Economic & Sector Work 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
topic	LABOR MARKET JOB CREATION AGRICULTURAL PRODUCTIVITY LABOR PRODUCTIVITY FOOD PROCESSING ENTERPRISE DEVELOPMENT EMPLOYMENT GENDER FEMALE LABOR FORCE PARTICIPATION MINIMUM WAGE LABOR SKILLS SKILLS DEVELOPMENT
spellingShingle	LABOR MARKET JOB CREATION AGRICULTURAL PRODUCTIVITY LABOR PRODUCTIVITY FOOD PROCESSING ENTERPRISE DEVELOPMENT EMPLOYMENT GENDER FEMALE LABOR FORCE PARTICIPATION MINIMUM WAGE LABOR SKILLS SKILLS DEVELOPMENT Cunningham, Wendy Pimhidzai, Obert Vietnam's Future Jobs : Leveraging Mega-Trends for Greater Prosperity
geographic_facet	East Asia and Pacific Vietnam
description	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 jobs.
format	Report
author	Cunningham, Wendy Pimhidzai, Obert
author_facet	Cunningham, Wendy Pimhidzai, Obert
author_sort	Cunningham, Wendy
title	Vietnam's Future Jobs : Leveraging Mega-Trends for Greater Prosperity
title_short	Vietnam's Future Jobs : Leveraging Mega-Trends for Greater Prosperity
title_full	Vietnam's Future Jobs : Leveraging Mega-Trends for Greater Prosperity
title_fullStr	Vietnam's Future Jobs : Leveraging Mega-Trends for Greater Prosperity
title_full_unstemmed	Vietnam's Future Jobs : Leveraging Mega-Trends for Greater Prosperity
title_sort	vietnam's future jobs : leveraging mega-trends for greater prosperity
publisher	World Bank, Washington, DC
publishDate	2018
url	http://documents.worldbank.org/curated/en/973841543238555966/Main-Report http://hdl.handle.net/10986/31016
_version_	1764473401368379392

Vietnam's Future Jobs : Leveraging Mega-Trends for Greater Prosperity

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