Solutions to Raise National Labor Productivity

11:30:14 AM | 14/2/2020

The Prime Minister recently issued Directive 07/CT-TTG on solutions to promote national labor productivity.

Vietnam's labor productivity has significantly improved in recent years but it has not come up to expectations. The country’s purchasing power parity is still modest relative to some ASEAN countries.

To address this weakness, the Prime Minister asked relevant bodies from central to local levels, within their jurisdiction, to effectively direct and carry out major reform orientations to increase labor productivity in Vietnam.

The Vietnam Chamber of Commerce and Industry (VCCI) is responsible for launching and implementing national productivity movements in the business community to encourage them to upgrade productivity by improving governance, digital transformation, business adaptation, technology innovation and value chains.

Business associations are supposed to actively respond to national productivity movements for businesses, and continue to better support businesses to enhance labor productivity.

By Huong Ly, Vietnam Business Forum