Login

Input your Username
Input your Password

Register

Input your Username
Input your Password
Input your Email
Input your Address
 Refresh
Input capcha above

SURVEY

Competitive Advantages / Human Resources

Vietnam is one of the countries having highest population and population density in the world. It ranks 14th in the world with the average population of nearly 86.93 million people in 2010, and the average population density is 263 persons per square kilometers, 5 times higher than that in the world (47 persons per square kilometers), which means high potential labor force.

The working population of 50.4 million people in 2010 held up 58% the total population with 10.4% working in state sector, 86.1% in non-state sector and 3.5% in foreign-invested sector. Regarding economic field, currently 48.7% of the work force is working in agro-forestry and fishery industry, 21.7% in industry and construction sector and 29.6% in services industry.

Year

1990

1995

2000

2005

2010

The total number of labor (thousand)

29.412,3

33.030,6

37.609,6

42.526,9

49.048,5

By economic component

         

- Government

3.415,6

3.053,1

3.501,0

4.038,8

5.107,4

- Non-government 

25.996,7

29.977,5

33.881,8

37.814,7

42.214,6

- Foreign investment area

   

226,8

673,4

1.726,5

By economic sectors

         

- Agriculture, Aquaculture and Forestry

21.476,1

23.534,8

24.481,0

24.342,5

23.896,3

- Industry and Construction

3.305,7

3.755,7

4.929,7

7.739,9

10.630

- Services

4.630,5

5.740,1

8.198,9

10.444,5

14.522,2

In the 1990-2010 periods, there was an increase of 20 million people in working population equaling to an average increase of 1 million people per year. Vietnam has approximately 1.3-1.5 billion people entering the workforce each year.


Vietnam’s workforce is characterized as being young, high-disciplined, hard-working, quick in learning, adaptable, committed to work giving it competitive advantage over other nations. The labor force qualifications have been continuously improved with 60% being secondary-school and high-school graduates. The proportion of workforce provided with vocational training rose gradually from 21% in 2003 to 22.5% in 2004, to 25% in 2005 and reached nearly 30% in 2010. The South East and the Red River Delta emerge as the region with the highest portion of well trained labor (more than 40%).

Cheap labor also puts Vietnam at a competitive advantage over other nations. According to an official survey on labor, wage and productivity in all types of enterprises conducted at the end of 2005, the average salary of an university graduate and of higher qualifications is 2.49 million VND, a college graduate: 1.79 million VND, an advanced vocational trained worker: 1.43 billion VND, intermediately vocational trained worker: 1.34 million VND, elementary vocational trained worker: 1.32 million VND and an untrained worker: 1.03 million VND. Regarding job titles, the salary is 4.33 million VND, 1.51 million VND, 1.42 million VND for managerial posts in state enterprises, 3.07 million VND, 1.42 million VND,1.16 million VND for those in non-state enterprises; and 12.00 million VND, 2.23 million VND 1.39 million VND for those in foreign-invested enterprises, and there is an average increase of 10% each year.

The employment-related disputes hardly occur in Vietnam as there has been about 1000 strikes over the last 15 years since the issuance of the Labor Law, most of which stemmed from failure to commitments on salary, perks and bonus. The protection of labor rights are of great concern in Vietnam.

Partners

prev next