Free trade pacts’ effects on employment under spotlight - Free trade pacts’ effects on employment under spotlight - Website Ho Chi Minh City
Vietnam will face remarkable challenges in terms of employment, labour relations and trade union activities when the country joins the Trans-Pacific Partnership Agreement (TPP) and the Vietnam-EU Free Trade Agreement (EVFTA), experts said.
At a seminar in Ho Chi Minh City on August 29, Vu Quang Tho, Director of the Vietnam General Federation of Labour (VGCL)’s Institute of Worker and Trade Union, said those free trade pacts contain many non-trade regulations which require participating countries to adjust their policies and laws on labour and trade union.
Participants agreed that the agreements will have a comprehensive impact on all sectors and economic activities.
Le Thanh Thuy from the Vietnam Chamber of Commerce and Industry in HCM City said while these agreements will greatly benefit Vietnam by generating more jobs, improving the quality of human resources and promoting businesses to participate in environmental protection, the unemployment rate may rise because many small enterprises with weak competitiveness will be forced to dissolve.
In addition, the pacts will facilitate the flow of labourers among countries, which will bring fierce competition to the local workforce, she said.
Delegates recommended that employment centers should enhance their capacity and serve as a bridge to provide useful information to employees and employers.
At the same time, they emphasised the need to establish a forecast centre for human resources and labour market, making it possible for businesses to devise their operation strategies.