Vietnam Annual Report underlines productivity enhancement in int’l context

The launching conference of the Viet Nam Annual Economic Report 2018 is kindly supported by the Friedrich Naumann Foundation (FNF) Vietnam.

Following the success of previous reports, Vietnam Annual Economic Report 2018, entitled “Understanding the Labor Market for Productivity Enhancement” focuses on Vietnam’s productivity in the international context, where there are different points of view about the need of understanding the labor market to explain the quality of human capital and productivity.

For this reason, this year’s report will not only consider and evaluate the world and Vietnamese economies, but also analyze several aspects of Vietnam’s labor market and recommend both short-term and long-term policies for the economy.

The Vietnam Annual Economic Report 2018 consists of seven chapters and two appendices. Chapter 1, entitled “Overview of the World Economy in 2017”, provides an overview of the world economy in 2017 with positive factors.

Chapter 2 entitled “Overview of the Vietnamese Economy in 2017”, offers a general view and assessment on the Vietnamese economy in 2017.

Chapter 3 themed “Characteristics of Vietnam’s labor productivity in the process of international integration” reviews Vietnam’s labor productivity at the whole economy level and sectoral level over time, as well as comparing Vietnam with East Asian countries (Japan, Korea and China) and ASEAN.

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hapter 4 named “The increase in wages and labor productivity in Vietnam” investigates the current minimum wage policy in Vietnam, the relationship between minimum wage, average wage, and labor productivity; as well as the impacts of continuous adjustments in minimum wage on the economy.

Chapter 5 entitled “Labor market participation and occupational choices of Vietnamese youth”, uses two sets of nationally representative data including the Labor Force Survey 2007-2016 and the transition from school to work in 2012 & 2015 to describes the real status, trends in labor market participation, employment and factors influencing labor market participation and occupational choice of young workers in Vietnam.

Chapter 6 themed “Productivity enhancement through international labor market integration” reviews the motivations of the participations in the programs to send Vietnamese laborers abroad, particularly the case of Vietnam-Japan internship.

Chapter 7 titled “Vietnam’s Economic Prospects in 2018 and Policy Implications”, provides two scenarios of the Vietnam’s macroeconomic prospects in 2018 and detailed discussions on the current short-term policies. Economic growth would have high possibility to reach 6.83% in 2018, with an inflation rate of 4.21%.

The Vietnam Annual Economic Report has been conducted since 2009. Its research results have been published as a series of annual reports in order to summarize major economic issues in the previous year, give an economic outlook for the coming year, and provide policy recommendations.

The Vietnam Annual Economic Report is a key product of VNU’s Strategic Research Program called “Economic Theories and Macroeconomic Policy in the condition of International Economic Integration of Vietnam”. This year’s Report, edited by Nguyen Duc Thanh and Ohno Kenichi, is a valuable and reliable reference for researchers and policy-makers, social and economic institutions as well as all those who are concerned about the current economic situation of Vietnam.

For more information on the Viet Nam Annual Economic Report or related events, please visit VEPR’s website: www.vepr.org.vn. or contact via VEPR hotline 0975608677, e-mail: info@vepr.org.vn.