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How Deep Was the Impact of the Economic Crisis in Vietnam?: A Focus on the Informal Sector in Hanoi and Ho Chi Minh City

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dc.contributor.authorCling, Jean-Pierre
dc.contributor.authorChi, Nguyen Huu
dc.contributor.authorRazafindrakoto, Mireille
dc.contributor.authorRoubaud, Francois
dc.date.accessioned2017-07-17T19:13:11Z
dc.date.available2017-07-17T19:13:11Z
dc.date.issued2010-12
dc.description.abstractVietnam is one of the only South East Asian emerging economies not to have gone into recession in 2009 in the wake of the world crisis. Nonetheless, it has been affected deeply by the crisis, as shown by all macro-economic indicators. The yearly growth rate of Gross Domestic Product (GDP) has been slowing down from 8.5 percent in 2007 to 6.3 percent in 2008 then 5.3 percent in 2009, before recovering to 6.5 percent in 2010. Overall, because of productivity gains and rapid growth of the labour force due to the 'demographic dividend' which is currently peaking, an average economic growth of 7.5 percent such as attained during 2000-2008 is hardly sufficient to absorb new entrants on the labour market. Even with such a high growth rate, around one fourth of new entrants end up in the informal sector. The latter thus absorbs the labour surplus which agriculture and the formal sector are unable to employ. Several quick qualitative assessments of the impact of the crisis have been conducted in Asia and especially in Vietnam, based on a small number of interviews in some selected industries. They indeed put in evidence the impact of the crisis on the informal sector in terms of employment, number of hours worked and wages. But, due to the lack of data, no quantitative study of the impact of the crisis on the informal sector had been conducted until now. This is precisely the objective of this policy brief, based on the results of two rounds of Household Business & Informal Sector (HB&IS) surveys conducted on a statistically representative sample in Hanoi and HCMC in 2007 and 2009 within an international research project between Vietnam's General Statistics Office (GSO) and the French Institute. This brief can be usefully complemented by two companion papers: the first one presents the adjustment of the labour market and the informal economy nationwide the second one provides detailed results on the dynamics of the informal sector in the two main cities between 2007 and 2009.en
dc.identifierhttp://documents.worldbank.org/curated/en/532401468173044270/How-deep-was-the-impact-of-the-economic-crisis-in-Vietnam-A-focus-on-the-informal-sector-in-Hanoi-and-Ho-Chi-Minh-City
dc.identifier.doi10.1596/27582
dc.identifier.urihttps://hdl.handle.net/10986/27582
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectADJUSTMENT MECHANISM
dc.subjectADVERSE CONSEQUENCES
dc.subjectATTRITION
dc.subjectAVERAGE INCOME
dc.subjectCASH FLOW
dc.subjectCONSUMER PRICE INDEX
dc.subjectCREDIT CONSTRAINTS
dc.subjectDEBT
dc.subjectDEMOGRAPHIC
dc.subjectDEVELOPED COUNTRIES
dc.subjectDEVELOPING COUNTRIES
dc.subjectDIVIDEND
dc.subjectECONOMIC ACTIVITY
dc.subjectECONOMIC CRISIS
dc.subjectECONOMIC DOWNTURN
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC INDICATORS
dc.subjectECONOMIC PERFORMANCES
dc.subjectECONOMICS
dc.subjectEMERGING ECONOMIES
dc.subjectEMPLOYMENT
dc.subjectEMPLOYMENT GROWTH
dc.subjectEMPLOYMENT SECURITY
dc.subjectEXPORT GROWTH
dc.subjectGDP
dc.subjectGROWTH PERIOD
dc.subjectGROWTH RATE
dc.subjectHBS
dc.subjectHIGH GROWTH
dc.subjectHIGH INFLATION
dc.subjectHOUSEHOLD INCOME
dc.subjectHUMAN RESOURCE
dc.subjectINCOME DISTRIBUTION
dc.subjectINCOMES
dc.subjectINFORMAL ECONOMY
dc.subjectINFORMAL SECTOR
dc.subjectINFORMAL SECTOR WORKERS
dc.subjectINSURANCE
dc.subjectINTERNATIONAL LABOUR ORGANIZATION
dc.subjectJOBS
dc.subjectJOBS CREATION
dc.subjectLABOUR
dc.subjectLABOUR FORCE
dc.subjectLABOUR MARKET
dc.subjectMARKET INFORMATION
dc.subjectMEDIAN INCOME
dc.subjectMICRO-FINANCE
dc.subjectMORTALITY
dc.subjectNEGATIVE IMPACT
dc.subjectPOLICY IMPLICATIONS
dc.subjectPOLICY ISSUES
dc.subjectPOLICY PERSPECTIVE
dc.subjectPOOR PEOPLE
dc.subjectPREVIOUS RESULTS
dc.subjectPRODUCTIVITY
dc.subjectPRODUCTIVITY GAINS
dc.subjectPROFIT SHARING
dc.subjectPUBLIC OFFICIALS
dc.subjectRAPID GROWTH
dc.subjectRAPID INCREASE
dc.subjectSAVINGS
dc.subjectSUSTAINABLE DEVELOPMENT
dc.subjectTEMPORARY WORKERS
dc.subjectTOTAL EMPLOYMENT
dc.subjectTRAINING PROGRAMS
dc.subjectTRANSPARENCY
dc.subjectTURNOVER
dc.subjectUNEMPLOYMENT
dc.subjectWAGES
dc.subjectWELL BEING
dc.subjectWORKER
dc.subjectWORKERS
dc.subjectWORKING CONDITIONS
dc.subjectWORKING HOURS
dc.subjectWORLD MARKETS
dc.titleHow Deep Was the Impact of the Economic Crisis in Vietnam?en
dc.title.subtitleA Focus on the Informal Sector in Hanoi and Ho Chi Minh Cityen
dc.typePolicy Noteen
dc.typeDocument de politique généralefr
dc.typeDocumento de políticases
dspace.entity.typePublication
okr.crossref.titleHow Deep Was the Impact of the Economic Crisis in Vietnam?
okr.date.disclosure2011-05-09
okr.date.doiregistration2025-05-07T10:24:41.682826Z
okr.doctypeEconomic & Sector Work::Other Poverty Study
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/532401468173044270/How-deep-was-the-impact-of-the-economic-crisis-in-Vietnam-A-focus-on-the-informal-sector-in-Hanoi-and-Ho-Chi-Minh-City
okr.guid532401468173044270
okr.identifier.externaldocumentum000386194_20110509034403
okr.identifier.internaldocumentum14166384
okr.identifier.report61676
okr.importedtrue
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/532401468173044270/pdf/616760WP0P10761010ENG0Final0version.pdfen
okr.region.administrativeEast Asia and Pacific
okr.region.countryViet Nam
okr.topicPoverty Reduction::Inequality
okr.topicPoverty Reduction::Poverty Impact Evaluation
okr.topicSocial Protections and Labor::Labor Markets
okr.topicSocial Protections and Labor::Labor Policies
okr.topicPoverty Reduction::Poverty Monitoring & Analysis
okr.topicSocial Protections and Labor::Employment and Unemployment
okr.unitKnowledge and Information Servs. (IMTKI)
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