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.
It is necessary to carefully consider reducing labourers’ working hours from 48 to 44hours per week to ensure the interests of enterprises, said Phan Thi Thanh Xuan, Vice President and Secretary General of the Vietnam Leather, Footwear and Handbag Association.
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.
The Asian Economic Forum 2019 opened in Singapore on August 29 with the participation of more than 150 experts, scholars and representatives from 10 ASEAN member countries and other nations.
The Ho Chi Minh City People’s Committee held a seminar on August 15 to discuss workforce training in accordance with international standards for the 2020 – 2030 period.
The labour productivity gap between Vietnam and other countries in the region continues to expand and the economy will face huge challenges to catch up with regional countries in the time ahead.
The Government needs to establish a national strengthening productivity committee to better labour productivity, thus promoting the economic growth, said Director General of the General Statistics Office of Vietnam Nguyen Bich Lam on August 7.
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.
Vietnam is among the top countries attracting foreign direct investment in the Asia-Pacific region, but the rate of domestic small- and medium-sized enterprises (SMEs) participating in the value chains of foreign-invested companies is rather low, according to the Investment and Trade Promotion Centre of Ho Chi Minh City (ITPC).
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