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Firms’ Performance, Employment and Poverty during the Economic Slowdown Period in Vietnam

Author

Listed:
  • Le, Chau
  • Nguyen Viet, Cuong
  • Nguyen, Thao
  • Nguyen, Thuy
  • Phung, Tung

Abstract

Vietnam has achieved high economic growth and poverty reduction over the last two decades. However the country has experienced economic slowdown in recent years. GDP growth rate within the period of 2009-2012 was about 5 percent, which is considerably lower than the previous periods’ growth rate at 7 percent. This study shows that the economic slowdown does not have serious impacts on firms, laborers and households in the short-term. Although firms’ revenue, profit and size have declined, the number of firms still increases. Unemployment slightly decreased in the economic slowdown period. Average real wage per hour increased. Laborers are more likely to shift between different sectors and tend to move to the agricultural sector. Household average real income increased at the rate of 3.5 percent during 2010-2012, which is substantially lower than the rate of increase during the period 2006-2008 (at 17 percent). Poverty rate decreased from 14 percent in 2010 to 11.8 percent in 2012.

Suggested Citation

  • Le, Chau & Nguyen Viet, Cuong & Nguyen, Thao & Nguyen, Thuy & Phung, Tung, 2013. "Firms’ Performance, Employment and Poverty during the Economic Slowdown Period in Vietnam," MPRA Paper 54140, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:54140
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    References listed on IDEAS

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    1. Bob Baulch & John Hoddinott, 2000. "Economic mobility and poverty dynamics in developing countries," Journal of Development Studies, Taylor & Francis Journals, vol. 36(6), pages 1-24.
    2. Datt, Gaurav & Ravallion, Martin, 1992. "Growth and redistribution components of changes in poverty measures : A decomposition with applications to Brazil and India in the 1980s," Journal of Development Economics, Elsevier, vol. 38(2), pages 275-295, April.
    3. Nguyen Viet Cuong, 2011. "Can Vietnam Achieve The Millennium Development Goal On Poverty Reduction In High Inflation And Economic Stagnation?," The Developing Economies, Institute of Developing Economies, vol. 49(3), pages 297-320, September.
    4. Ravallion, M. & Datt, G., 1991. "Growth and Redistribution Components of Changes in Poverty Measures," Papers 83, World Bank - Living Standards Measurement.
    5. Hulme, David & Shepherd, Andrew, 2003. "Conceptualizing Chronic Poverty," World Development, Elsevier, vol. 31(3), pages 403-423, March.
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    Cited by:

    1. Duong Anh Nguyen & Minh Binh Tran & Anh Mai Le, 2016. "Microsimulation of impacts of tax and transfer in Vietnam," WIDER Working Paper Series 073, World Institute for Development Economic Research (UNU-WIDER).
    2. Duong Anh Nguyen & Minh Binh Tran & Anh Mai Le, 2016. "Microsimulation of impacts of tax and transfer in Vietnam: Feasibility study," WIDER Working Paper Series wp-2016-73, World Institute for Development Economic Research (UNU-WIDER).

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    More about this item

    Keywords

    Economic slowdown; poverty; livelihood; enterprises; labor; labor shift; sector shift.;
    All these keywords.

    JEL classification:

    • E0 - Macroeconomics and Monetary Economics - - General
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development

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