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.
Prime Minister Nguyen Xuan Phuc has approved a plan to restructure the agriculture sector in 2017-2020, which aims to make the best use of advantages in each region and locality.
Productivity improvement plays an increasingly decisive role in Vietnam’s GDP growth as it contributed up to 89 percent to national GDP growth this year, Prime Minister Nguyen Xuan Phuc has said.