Labor Demand and Supply in Vietnam: The Medium to Long-Term Forecasts

Wang Lai Wang, Tuyen Thanh Tran

Abstract


The medium to long-term demand-supply labor forecasting is the main concern of many countries, including Vietnam. The projections in this study are to provide methodologies and to analyze this forecasting in Vietnam. The procedure and method used for doing tasks of employment forecast by industry, employment forecast by industry×occupation and labor demand and supply forecast by education are Discrete Grey model (DGM), Reynold’s Averaged Simulation (RAS) and a little revised logit odd-ratio method. Since forecasting methodology itself is more important than results for this kind of Knowledge Sharing Project research, the paper explains methods and reports the results in appendices.

Full Text: PDF DOI: 10.5430/rwe.v5n2p99

Creative Commons License
This work is licensed under a Creative Commons Attribution 3.0 License.

Research in World Economy
ISSN 1923-3981(Print) ISSN 1923-399X(Online)

 

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