Vietnam shares experience in promoting informal sector at a high-level dialogue on leveraging informal employment for inclusive development in Asia and the Pacific held by UNDP in New York on May 14 (Photo: VOV)

Addressing a high-level dialogue on leveraging informal employment for inclusive development in Asia and the Pacific held by the United Nations Development Program (UNDP) in New York on Tuesday, Giang said close to 65% of the workforce in Vietnam is employed in the informal sector.

He shared Vietnam's experience in improving legal frameworks, encouraging mutual support among business households through appropriate partnership models such as cooperatives, ensuring strict management, and timely support from local authorities for individuals, small and medium-sized enterprises, and household businesses.

Representatives assessed trends related to the informal labour sector in the region, and shared good practices and lessons in implementing policies and support measures for informal workers and enterprises to enable them to continue contributing to economic development efforts.