How big is Vietnam’s informal economic sector? - News Summed Up

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How big is Vietnam’s informal economic sector?


How big is Vietnam’s informal economic sector? VietNamNet Bridge - Fulbright University estimates that Vietnam’s informal economic sector makes up 25-30 percent of total GDP and has 57 percent of total number of workers, but the General Statistics Office (GSO) believes that the informal sector is not that large. How big is Vietnam's informal economic sector? As people find it difficult to observe regulations, they try to avoid them and become ‘unofficial’.The size of the informal sector depends on macroeconomic development. In principle, economic growth is contrary to informal sector development.The latest research found that in 1991-2015, the size of the informal sector was 15.1 percent of GDP.If the economy grows well, the informal sector shrinks.


Source: VietNamNet News February 06, 2018 05:15 UTC



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