The Ministry of Planning and Investment has proposed the government to hasten efforts aimed at improving the business environment in 2018.
Against the context that all the Vietnam's development factors are limiting, GDP growth seems to increasingly dependent on labour productivity.
With Vietnam trying to find ways to boost its growth, further improvements in labour productivity are considered one of the key factors for reaching the goal.
Increasing labour productivity is the key to the sustainable development of small- and medium-sized enterprises (SMEs), experts have said.
VOV.VN -Vietnam needs to increase its labor productivity and competitiveness in order to make an economic breakthrough, Professor Jay Rosengard, a public policy lecturer at the Harvard Kennedy School, has suggested.
Vietnam’s industry is developing too slowly and is still reliant on many foreign-invested enterprises, said Nguyen Van Binh, head of the Party Central Committee’s Commission for Economic Affairs.
Prime Minister Nguyen Xuan Phuc urged Government members to take drastic measures to attain the targeted growth rate of 6.7% this year at the Cabinet’s February meeting in Hanoi on March 1.
The Agency for Survey and Mapping under the Ministry of Natural Resources and Environment (MoNRE) has launched a project on building a network of satellite-based global positioning stations in Vietnam.
Party General Secretary Nguyen Phu Trong on November 1 signed into issuance a resolution on several major policies and guidelines to continue renewing growth model; improving growth quality, labour productivity and economic competitiveness.
VOV.VN - Vietnam companies are facing a toxic combination of dismal productivity growth and lack of innovativeness, raising the risk that they will further weaken an already-fragile economy.
A critical solution to promote businesses’ competitiveness is to improve labour productivity which is still a weakness of Vietnamese enterprises, an official of the Ministry of Finance said at a workshop on June 24.
Improving labour productivity is now critical for Vietnam to boost gross domestic product (GDP) per capita to become an industrialised and upper-middle income nation in the next two decades.
VOV.VN - The gap between Vietnam worker competitiveness and productivity with that of other nation’s around the globe has continued to widen throughout 2015, says the International Labour Organization (ILO).
Vietnam's economy this year bounced back and exceeded expectations with the GDP growth rate reaching an estimated 6.7%- the highest rate in five years.
Vietnamese businesses should focus on developing their human resources to become more competitive and capitalise on the opportunities from the Trans-Pacific Partnership, the 2015 Vietnam HR Awards Forum heard in Ho Chi Minh City on December 8.
The Mekong Delta city of Can Tho is exerting every effort to increase the competitiveness of local businesses in the regional integration, especially with the formation of the ASEAN Community later this year.
(VOV) - There are signs that wages and compensation packages are beginning to rise in parts of the country, said NA deputies at the 13th National Assembly— but in Vietnam they are not keeping up with other parts of the world.
(VOV) - In September 2015 the National Wage Council (NWC) of Vietnam proposed an across-the-board sharp increase in the monthly minimum wage of 12.4% effective the beginning of next year.
(VOV) - The experts at the National Economics University have a message for Vietnam— speed up economic reforms aimed at improving labour productivity, or get left in the dust.
Vietnam will be one of the countries benefiting greatly from the ASEAN Economic Community, scheduled to be formed at the end of this year, in terms of employment growth and labour productivity improvement, an official said at a recent workshop in Hanoi.