The Impact of The Gig Economy on The Vietnamese Labor Market

Abstract

The gig economy, also referred to as the contract economy or freelance economy, represents an economic model in which individuals typically engage in part-time, temporary, or contract-based work rather than full-time employment with a single company. While the concept is not new globally, it remains relatively novel in Vietnam. With its inherent flexibility and advantages, the gig economy in Vietnam has been exerting multifaceted impacts on the labor market. This paper examines both the positive and negative effects of the gig economy on Vietnam’s labor market and proposes policy recommendations to enhance labor regulations and worker protection mechanisms. The study employs qualitative methods, using secondary data from official statistics and reputable surveys, supplemented by a questionnaire survey of 490 workers in major cities. Findings reveal that while the gig economy expands labor supply, increases flexibility, and creates new opportunities, it also poses challenges related to job stability, social protection, and skill development.