VietNamNet Bridge - The average wage for Vietnamese workers is $1 per hour, far below the pay to Filipino workers ($2.1) and Chinese ($2.5).

VietNamNet Bridge - The average pay from Vietnamese companies is 29 percent lower than multinationals. 

Vietnam’s cheap labor force will no longer be an advantage in attracting investment as the cost for applying advanced technologies is getting lower. Thus, a large number of Vietnamese workers will be thrown off production lines.

Real wages in Vietnam have increased by 8 percent per annum, higher than the GDP growth rate, while regional minimum wages have increased by 12.2 percent per annum, higher than the labor productivity increase.

VietNamNet Bridge - Will it be a good or bad thing if Vietnam, as a part of South East Asia, becomes a new factory for the world and displace China?

VietNamNet Bridge - The lucrative Vietnamese $12 billion per annum automobile market could help rescue the Thai automobile industry, which is now facing difficulties.

 VietNamNet Bridge – Vietnam has taken advantage of a cheap labor force as “bait” to attract investment, but that advantage will not exist in the future, economists say.

Vietnam is one of the most attractive destinations for foreign workers because of the high post-tax income and low expenses for accommodations and meals.

 VietNamNet Bridge – Vietnam is among the nations with the lowest unemployment rates on the globe, but the number of young jobless laborers is triple the domestic unemployment rate.

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Samsung’s smartphone empire was built thanks to the abundant and cheap labor resources in China. However, when costs here are skyrocketing, Samsung is gradually shifting its production bases to Vietnam to preserve profits.