Update news productivity

Technology investment: good way to increase productivity, reduce labor cost

Increasing productivity must be considered an important basis for calculating wage increases for workers, not just based on the CPI.

Vietnam's manufacturing output growth quickens to nine-month high

Firms are increasingly confident about the year-ahead outlook.

Productivity should be put at center of Vietnam’s development strategy: WB

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,

Improving productivity is shortest way to economic development

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 stii need more workers after Tet

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

Knowledge mismatch hinders IT in agriculture

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

Labor shortage may cause a ‘bottleneck’ in EVFTA implementation

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

Amended labor code draft could weaken Vietnam's competitiveness: economists

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.

Technology is key to labor problems in Vietnam

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.

Productivity of private sector ranks lowest: report

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.

Vietnam’s productivity still low, only triples over the last 25 years

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

Social News 23/9

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CPTPP: Vietnam to feel pressure on labor quality

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.

Vietnam mulls solutions to improve productivity level

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

Vietnam productivity has improved but is still too low

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

Vietnamese productivity equal to 80% of Korea in some fields, but salaries far less

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. 

Labor quality is big problem for Vietnam: reports

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. 

Will 86 percent of garment workers lose jobs because of robots?

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

Vietnam faces high-ranking personnel crisis: experts

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

Productivity, inclusive development crucial for ASEAN Community

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.