The COVID-19 pandemic showed the important role of digital transformation in prevention and control activities, bringing life to a “new normal” state.
Vietnam needed to invest in the digital economy and seize the opportunities it provided to improve labour productivity.
Improving labour productivity is vital for Vietnamese businesses in the context of the Fourth Industrial Revolution, with rapid increases in digitalisation, robotisation and intelligent automation, experts said.
Authorities in the south central province of Khanh Hoa plan to improve the quality and performance of businesses in the private sector, striving to have 30,000 businesses by 2025 and 35,000 by 2030.
A forum on how to improve Vietnamese labourers’ skills will be held in Hanoi from November 15-16, heard a press conference in the capital on November 11.
Vietnam’s labour productivity has improved but is still low in comparison with other ASEAN members, according to a report by the Ministry of Planning and Investment.
Minister of Planning and Investment Nguyen Chi Dung has stressed the urgent significance of improving labour productivity in promoting growth, overcoming the middle-income trap, avoiding falling behind and narrowing down development gap with other countries.
Prime Minister Nguyen Xuan Phuc launched the national labour productivity movement during a conference held in Hanoi on August 7.
Ho Chi Minh City on April 24 announced an international competition calling for planning ideas to develop a highly interactive and innovative urban area in the east of the city.
Vietnam’s agriculture sector is aiming for annual growth of a minimum 3%, with labour productivity improving 3.5% a year by 2020, said Deputy Minister of Agriculture and Rural Development Ha Cong Tuan.
VOV.VN - Vietnam has become the world’s third largest exporter of footwear with a total export value in the first nine months of this year rising by 10.5% to US$11.7 billion, according to the Ministry of Industry and Trade (MoIT).
Vietnam can escape the middle income trap to achieve rapid and sustainable growth only by improving its labour productivity, heard a policy dialogue on September 26 in Hanoi.
The Government has issued a decree to update provisions of the Labour Code relating to wages.
The Mekong Delta province of Tra Vinh plans to increase the production values of the agro-forestry-fishery sector by more than 4 percent by 2020, according to the provincial People’s Committee.
Vietnam’s garment-textile export turnover is expected to hit US$18.5 billion in the second half of 2018, bringing the year’s export value to US$35 billion, US$1 billion higher than the target set for the year, heard a press conference in Hanoi on July 30.
As Vietnam’s economic hub, Ho Chi Minh City boasts advantages to develop startups, with its science-technology resources accounting for 25% and the number of operating businesses taking up 50% of the country’s, while its labour productivity is 2.5 times higher than the national average.
Experts have warned that the momentum of Vietnam's economic growth has not really come from increased labour productivity.
The average labour productivity in Vietnam increased from US$1,700 per laborer in 2006 to US$2,672 in 2017, according to the Vietnam Institute for Economic and Policy Research (VEPR).
VOV.VN - In recent times, increased labour productivity in Vietnam have heavily relied on the transition of economic restructuring from the agricultural to the industrial and service sectors but there has been a lack of improvement in labour productivity in each economic sector.
Increasing investment in training skilled employees, modernising technology and manufacturing lines, and improving the management capacity of CEOs are the three major factors to increasing labour productivity in Vietnam.