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The Economic Case for Education in Vietnam

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  • Patrinos,Harry Anthony
  • Thang,Pham Vu
  • Thanh,Nguyen Duc

Abstract

Education is central to the development of human capital. Vietnam has made significant progress. This paper reviews existing research on the returns to education and makes the case for investment in schooling. In Vietnam, the returns to schooling are 10 percent overall. The returns to primary and secondary education have declined over time and are lower than the regional average. The returns to secondary education are low, but not much lower than the regional average. The returns to tertiary education are high, have increased considerably, and are about 20 percent. Therefore, investing in higher education makes sense for the individual and her family.

Suggested Citation

  • Patrinos,Harry Anthony & Thang,Pham Vu & Thanh,Nguyen Duc, 2018. "The Economic Case for Education in Vietnam," Policy Research Working Paper Series 8679, The World Bank.
    • Handle: RePEc:wbk:wbrwps:8679
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    Cited by:

    1. Yee, Karol Mark Ramirez, 2023. "Raising the floor while lowering the ceiling: Reduced inequities in education returns in the Philippines," International Journal of Educational Development, Elsevier, vol. 101(C).
    2. McGuinness, Seamus & Kelly, Elish & Pham, Thi Thu Phuong & Ha, Thi Thu Thuy & Whelan, Adele, 2021. "Returns to education in Vietnam: A changing landscape," World Development, Elsevier, vol. 138(C).
    3. Doan, Tinh & Ha, Van & Tran, Tuyen & Yang, Judy, 2023. "Dynamics of wage inequality over the prolonged economic transformation: The case of Vietnam," Economic Analysis and Policy, Elsevier, vol. 78(C), pages 816-834.

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