The literatures on agrarian change in transnational economies display the differences in prediction of peasant’s future. While one trend has foreseen the disappearance of peasantry, the other affirms its persistence in the context of globalization and capitalist penetration in rural area. This article examines the way in which Vietnamese peasant maintain smallsubsistence farming together with high commercial/export-oriented woodcarving industry in the same unit. Among several strategies, changing division of labor in community as well as in peasant household is the most important one. Local re-organization of work force for a strategy of livelihood articulation leads local level trajectories of agrarian change that differ from what have been expected by social scientists and policy-makers.