Vietnam's Labor Market Institutions, Regulations, and Interventions : Helping People Grasp Work Opportunities in a Risky World
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 enterpri...
| Main Authors: | , |
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| Format: | Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2016
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2016/03/26002068/vietnams-labor-market-institutions-regulations-interventions-helping-people-grasp-work-opportunities-risky-world http://hdl.handle.net/10986/23928 |
| Summary: | 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. |
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