The importance of education to a country’s development strategy has been widely acknowledged.
In Vietnam, education is considered a national policy of top priority. Because of this, in this
country the analysis of the returns to education is a popular theme. However, most studies focus
on wage premiums for education using Vietnam Household Living Standards Surveys from years
prior to 2008. This paper uses the National Labour Force Survey of 2012 to provide an updated
and detailed examination of the returns to education in the labour market, taking into account the
heterogeneity of a developing country context.