Vietnamplus

A dramatic change in market trends and the "fourth industrial revolution are forcing Vietnamese enterprises to gradually apply new technologies to production.

Though improving, Vietnam's labour productivity is still lower than other region countries' over the past years compared to development demand.

Prime Minister Nguyen Xuan “placed an order” for the Institute of Mathematics under the Vietnam Academy of Science and Technology (VAST) to boost the application of technologies in production to increase labour productivity at a working session in Hanoi on December 14.

Secretary of the Ho Chi Minh City’s Party Committee Nguyen Thien Nhan has sought the International Finance Corporation (IFC)’s financial support in the city’s development

Increasing labour productivity is the key to the sustainable development of small- and medium-sized enterprises (SMEs), experts have said.

While labour productivity in Vietnam remains low, the drastically disproportionate increase of minimum wage and wages might harm business competitiveness and the development of the country.

Vietnam can no longer rely on the increasing investment by the public sector and exploitation of natural resources to drive its economic growth in the future, the Prime Minister’s newly established economic council warned in its very first meeting.

After watching the staff working hard to transport materials and products to and from a coffee processing company, Vu Quang Tho asked them why they didn’t think of a way to save time and effort.

Exhibition organiser Reed Tradex is ready to work with Vietnam industrialists to catch a new investment wave, said Kasinee Phantteeranurak, Project Manager of Reed Tradex Co., Ltd. in a special interview.

The Ministry of Industry and Trade should further clarify weaknesses and bottlenecks in the current development of industries so as to have a better plan on industrial restructuring.

The APEC High-Level Policy Dialogue on Human Resources Development in the Digital Age officially opened in Hanoi on May 15.

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.

The International Labour Organisation suggested Vietnam take measures to improve labour productivity, social dialogue and working condition to create impetuses for economic growth.

Social dialogue, labour productivity and working conditions are vital for Vietnam’s global integration, heard a workshop in Hanoi on October 24.

Bui Sy Loi, Deputy Chairman of the Social Affairs Committee of the National Assembly, talks with Thoi Bao Kinh Te Vietnam (Vietnam Economic Times) about calculating minimum wages for employees.

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.

A rapidly growing economy needs a strong business force, along with a favourable environment for the operation of enterprises.

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.

Deputy Prime Minister Vu Duc Dam pushed for improving the quality of education and training in order to raise productivity while chairing a seminar in Hanoi on March 7 promoting vocational training.

Vietnam is endeavouring to be shoulder-by-shoulder with Brunei, Indonesia, Malaysia, Philippines, Singapore, and Thailand in the field of labour and employment.