Vietnam's Labor Market Institutions, Regulations, and Interventions: Helping People Grasp Work Opportunities in a Risky World

36 Pages Posted: 20 Apr 2016

See all articles by Achim D. Schmillen

Achim D. Schmillen

World Bank

Truman G. Packard

World Bank - Europe and Central Asia Region; University of Oxford - Department of Economics

Date Written: March 1, 2016

Abstract

Over the past 30 years, Vietnam has experienced significant shifts of employment away from agriculture toward manufacturing and services, away from household enterprises toward registered and regulated businesses, and away from state-owned enterprises toward private firms. This paper argues that for these processes to continue in the future, appropriately designed and implemented labor market policies need to be in place, including labor market regulations that protect workers but do not inhibit creative destruction and creation of formal sector jobs; labor market interventions that improve workers' human capital, eliminate information asymmetries, and are fiscally sustainable; and labor market institutions that give voice to workers and employers. As a part of all of these measures, Vietnam will also have to renew its efforts to integrate vulnerable groups into the labor market.

Keywords: Rural Labor Markets, Achieving Shared Growth, Labor Markets, Equity and Development, Employment and Shared Growth, Pro-Poor Growth

Suggested Citation

Schmillen, Achim D. and Packard, Truman G., Vietnam's Labor Market Institutions, Regulations, and Interventions: Helping People Grasp Work Opportunities in a Risky World (March 1, 2016). World Bank Policy Research Working Paper No. 7587, Available at SSRN: https://ssrn.com/abstract=2740840

Achim D. Schmillen (Contact Author)

World Bank ( email )

1818 H Street, NW
Washington, DC 20433
United States

Truman G. Packard

World Bank - Europe and Central Asia Region ( email )

1818 H Street
Washington, DC 20433
United States

University of Oxford - Department of Economics ( email )

Manor Road Building
Manor Road
Oxford, OX1 3BJ
United Kingdom

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