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The Impact of Aec on Vietnam Employment

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Submitted By Hoangmy
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2015 is an expected year for Vietnamese people and for ASEAN community in general as The ASEAN Economic Community (AEC) is founded in this year. AEC shall promote the ties of ASEAN members and also expand the route to globalization of many developing countries. Besides the immense advantages AEC offers, there are undeniably threats and issues that face ASEAN members, Vietnam is not the exception. Many researchers concern AEC may have substantial consequences on Vietnam economy, especially employment

Of all the key characteristics AEC visualizes, Vietnamese economic researchers emphasize the most on the integration from region to global economy, which means free labor trade among ASEAN members. This feature at first may seem to satisfy an amount of workers preferring a chance to work overseas, but the threats it offers should be seriously considered. The International Labor Organization announced productivity of Vietnam is among the lowest in the region. They demonstrate the result with valid statistics: Singaporean productivity is approximately eighteen times and Thailand productivity is three times higher than Vietnamese. This appalling outcome has proved the concerns are reasonable, and that Vietnamese people probably can’t utilize this chance to develop the labor. The fact that AEC takes place means there are more jobs offered by foreign companies. But if Vietnamese people can’t meet the standard qualifications those firms demand, it is obviously that high positions with many promotion opportunities will be occupied by foreign workers. Hence, Vietnamese government should deploy necessary plan to raise the Vietnamese labor quality in order to take full advantage of being an AEC member. Besides, Vietnamese workers should be aware of the situation and have good preparation for the upcoming change because after all, self motivation is the vital factor for any issue.

AEC presents either opportunities or threats to Vietnam and to Vietnamese employment in particularly. Many reliable studies and survey have shown that Vietnamese workers should make appropriate adjustment to raise the productivity in order to be able to grasp this big opportunity and exploit the benefits AEC offers.

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