Accepting Quote by Nguyen Minh Triet
“The main difference lies in wage levels, which is because our workers are not yet as well trained as in other countries. We are a poor country. This is why we must accept the conditions that prevail in international markets. But our trade unions do represent the rights of workers.”
About This Quote
Source Speech: Economic Policy Address, Vietnam, 2006
The quote argues that low wages stem from limited worker training, justifying acceptance of global market conditions while acknowledging union representation of worker rights.
In simple terms: Low wages are linked to poor training; we must accept market realities but unions protect workers.
Key Takeaway
Improve training to raise wages.
Themes
economics
labor
development
trade
union rights
Mood
cautious
realistic
Type
political
economic
analytical
When to use this quote
- policy making
- education reform
- union negotiations
- international trade discussions
Key Concepts
human capital
comparative advantage
globalization
Questions to Reflect On
- How can training be scaled effectively?
- What role should unions play in market negotiations?
A Different Perspective
Improving wages also requires structural reforms beyond training alone.
![“We [Vietnam] happen to offer good investment opportunities for foreigners, although this is not a one-way street. Both we and the foreign investors benefit greatly as a result.” quote by Nguyen Minh Triet](https://sms4smile.com/quotes/img-quotes/722/nguyen-minh-triet-38406_benefits_we-vietnam-happen-to-offer-good-investme_183776.jpg)
