Opportunities and challenges for vietnam society and labor market when signing evfta agreement

Abstract

Recently Vietnam and EU has signed EVFTA agreement which will bring more opportunities for Vietnam labor market. This paper will analyze both opportunities and challenges for labor market from this signed agreement. Authors use statistics, qualitative analysis with synthesis and explanatory methods. Research findings show that Vietnam labor force are quite competitive and cheap, but there is lots of work for Vietnam laborers to do to improve skills, expertise and productivity to meet to new standards from EU. It will involve
some policy implications