Abstract
Viet Nam has experienced remarkable productivity growth over the past three decades, leading to a significant increase in per capita GDP and lifting millions out of poverty. The shift of labour from agriculture to non-agricultural sectors has been a major driver of this growth. However, the potential for further growth based on labour reallocation is diminishing, as the supply of low-cost labour from agriculture declines and demographic changes occur. We invite you to explore the insights presented in this paper, shedding light on the interconnectedness of labour market institutions, policies, and broader national policy areas. By understanding and harnessing these connections, we can achieve inclusive, productive, and sustainable economic growth in Viet Nam.