Informal Labor in Vietnam

According to the International Labor Organization (ILO), “more than 6 workers among 10 and 4 enterprises among 5 in the world operate in the informal economy”, and over time, the informal sector has not decreased, but even increased in many countries. In Vietnam, informal sector labor has existed for a long time and plays an important role in economic growth, job creation, and income generation. However, compared to formal workers, informal workers have low skill levels, temporary employment, low incomes, and lack full social security. Therefore, countries are looking for solutions to convert from informal labor to formal labor, reducing the rate of informal labor. The article is based on data on informal workers in Vietnam to analyze the employment situation, income, social insurance, and propose solutions to transition from informal to formal workers, as well as ensure their rights.