Firms are increasingly confident about the year-ahead outlook.

In a recent report titled “Vibrant Vietnam: Forging the Foundation of a High-Income Economy”, the World Bank has suggested that a productivity-driven development model,

Director General of General Statistic Office of Việt Nam (GSO) Nguyen Bich Lam talks about the importance of improving labour productivity for the country’s development.

Enterprises in HCM City, Binh Duong and Dong Nai complain that they have not been able to recruit workers since Tet.

An ongoing issue in the digitalization of the agriculture sector is that IT workers know little about farming and farmers know little about IT.

The need for laborers is expected to become more serious when the EU-Vietnam FTA (EVFTA) takes effect.

Economists have voiced their disappointment about the draft of the amended labor code, saying that the competitiveness of the national economy will weaken because of rigid regulations on extra working hours and wages.

Vietnam is considered an attractive destination for investors thanks to the cheap labor force. In 2019, the minimum zonal wages of Vietnamese workers ranged between VND2.92 million and 4.18 million.

The state-owned economic sector ranks first in terms of productivity, followed by foreign invested companies. The productivity of the private sector is the lowest.

The highest added value lies in R&D, and if Vietnam continues to rely on outsourcing, its productivity will not improve significantly.

 Material prosperity must be accompanied by fulfilling spiritual life: PM, Better, universal payment system needed for public transit: experts,On-site reproductive, family planning services improve female factory workers’ health, productivity

Labor costs in Vietnam are expected to be higher after commitments in the CPTPP (the Comprehensive and Progressive Agreement for Trans-Pacific Partnership) trade agreement are implemented, experts say.

To ensure sustainable development, economists emphasize the need to reform the growth model and improve productivity.

VietNamNet Bridge - The report that Vietnam’s productivity is even lower than that of Laos has sparked concern.

GSO (General Statistics Office) has released a report showing that labor productivity is VND93.2 million per worker, or $4,159, in accordance with 2017 prices. 

Vietnam is in the ‘golden population period’ with a high number of working-age people, expected to last from 2010 to 2040. However, the quality of the labor force is not ‘golden’, say experts. 

VietNamNet Bridge - With the development of automation technology, many unskilled workers are expected to be replaced by robots on production lines.

VietNamNet Bridge - Vietnam is finding it difficult to fill high-ranking officers for businesses, as most CEOs continue to be foreigners.

Boosting productivity and inclusiveness is crucial for Southeast Asian countries in the building of the ASEAN Community, said Deputy Foreign Minister Bui Thanh Son while opening the OECD Southeast Asia Regional Forum.