Malaysia’s labour productivity contracted by 5.4 percent in 2020, marking the first time since the 2008-2009 global financial crisis, due to the fallout from the COVID-19 pandemic, Malaysia Productivity Corporation (MPC) said on February 22.
Prime Minister Nguyen Xuan Phuc has recently issued a master plan aimed at improving productivity based on utilising science, technology, and innovation for the 2021 to 2030 period, under which the annual target for average labour productivity is expected to surge by over 7.5 % by 2030.
Vietnam expects annual growth of labour productivity to exceed 7.5 percent by 2030, according to a master plan on enhancing productivity based on science, technology and innovation for the 2021 – 2030 period recently issued by the Prime Minister.
HCM City authorities are helping companies access new technologies by promoting linkages between researchers and businesses, but more collaboration is needed, speakers said on May 28 at a meeting in the city.
Prime Minister Nguyen Xuan Phuc chaired a meeting in Hanoi on May 28 between permanent Government members and the central steering committee for the reform of wage and social insurance policies and the one on benefits for national contributors.
The Ta Quang Buu Awards 2020 was presented to three scientists who have made significant contributions to the country’s science and technology sector at a ceremony held in Hanoi on May 18.
Vietnam is exerting efforts to become one of the six centres of excellence in terms of labour productivity of the Asian Productivity Organisation (APO) in 2020.
Vietnam will launch a national programme to improve labour productivity, a critical factor for the middle-income country to enhance its competitiveness and develop.
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.
Clear mechanisms and policies play a specially important role as a launching platform for the private economic sector to make breakthroughs and greatly contribute to the national economic development.
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.
This year, Ho Chi Minh City will continue to restructure the economy, improve competitiveness and labour productivity, and meet the city’s State budget target as set by the Government.
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.
More than 120 representatives from 17 countries have gathered at an international conference in Hanoi to discuss issues related to human resources development in the digital era.
The acceleration of a digital economy is one of the Vietnamese government’s focuses to foster economic restructuring in combination with renewing the growth model and growth quality.
ASEAN
