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Employment and social protection in Viet Nam
This study provides an empirical analysis on the formal sector’s participation in mandatory social insurance, followed by a review of international practices on the interplay between employment and the social protection system.
At the time of preparation of this study, Viet Nam is in the final months of its implementation of both the Socio-Economic Development Plan (SEDP) 2006-2010 and the Socio-Economic Development Strategy 2001-2010. The country has reached an income threshold of a middle income country, corresponding to US$1,000 per capita, and has therefore entered an important new stage of its development. The new reform agenda aims towards consolidating and sustaining the impressive past achievements in economic growth and poverty reduction.
In this regard, promoting job creation and strengthening social protection should be put on the priorities in the policy agenda for the next decade. Together with the acceleration of market-oriented reforms and the intensification of international economic integration, the national macro-economy in general, and its labour force in particular, are becoming increasingly exposed to various natural and economic influences which may keep many people out of work. Socio-economic changes could become drivers of marginalization of certain fringes of the society. This issue becomes pressing as new income levels require a stronger system of social protection system in Vietnam. These issues are the thrust of the study, which is focused on the analysis of the interplay between employment and social protection, to identify a number of proposed policy options for raising the wellbeing of Vietnamese people in a sustainable manner.
In this regard, promoting job creation and strengthening social protection should be put on the priorities in the policy agenda for the next decade. Together with the acceleration of market-oriented reforms and the intensification of international economic integration, the national macro-economy in general, and its labour force in particular, are becoming increasingly exposed to various natural and economic influences which may keep many people out of work. Socio-economic changes could become drivers of marginalization of certain fringes of the society. This issue becomes pressing as new income levels require a stronger system of social protection system in Vietnam. These issues are the thrust of the study, which is focused on the analysis of the interplay between employment and social protection, to identify a number of proposed policy options for raising the wellbeing of Vietnamese people in a sustainable manner.