Demographic dividend period – time for VN to become dragon
Published: 22/06/2011 05:00
“demographic dividend” period which may last 30 years. However, the hesitancy in
building up and implementing reasonable labor policies may make Vietnam miss the
golden opportunity.
The time for Vietnam to become a dragon
Demographic dividend is a rise in the rate of economic growth due to a rising Countries all have the opportunity to create breakthroughs in their According to UNFPA, the demographic dividend has contributed at least 1/3 to the However, in South East Asia, Malaysia and Thailand failed to take the advantage This shows that if there is no suitable and stable policy, a country would miss And now the golden opportunity has come to Vietnam, but it is still unclear if The “cheap workforce trap” The first thing that attracts foreign investors to come to Vietnam is the cheap Among Asian countries, the minimum wage of Vietnamese workers is just higher
However, the price of the cheap labor force is really heavy: foreign investors This had led to the fact that despite a lot of investment projects, Vietnam’s The cheap labor force is always associated with the low labor quality. According “It is estimated that one million people enter the labor market every year, and South Korea and Ghana were at the same starting points in terms of the income It is clear that if there is no suitable policy, it is so easy to miss the Khac Giang |
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