Just 14 million or 26.8 percent of Vietnam’s workforce have a degree or formal qualifications, Doanh Nhan Saigon is reporting. A further 33 million workers or 66.6 percent of the workforce are also employed in informal work–subsistence farming for example.
This suggests that low-cost labour may be an option for Vietnam for some time, however, the high-skilled workforce the government wants to cultivate may still be some ways off.