Gov't seeks ways to boost labor productivity
10:35 | 07/08/2019

VGP – Prime Minister Nguyen Xuan Phuc will kick-start a campaign to increase labor productivity across sectors of the economy at a conference held in Ha Noi on Wednesday.

PM Nguyen Xuan Phuc presides over conference to seek ways to improve labor productivity in Ha Noi, August 7, 2019 - Photo: VGP/Quang Hieu

 
 

The conference will focus on evaluating labor productivity situations in Viet Nam, identifying factors affecting the labor productivity, and work out measures to improve the national labor productivity in the context of the Industry 4.0. 

The personal labor productivity was estimated at US$4,521 in 2018, according to the General Statistics Office (GSO) under the Ministry of Planning and Investment.

One encouraging signal is Viet Nam has narrowed labor productivity gap with neighboring countries like Singapore, Malaysia, Thailand and Indonesia, said the GSO.

Specifically in 2011, labor productivity of Singapore, Malaysia, Thailand and Indonesia was 17.6 times, 6.3 times, 2.9 times and 2.4 times, respectively, higher than that of Viet Nam. The figures respectively dipped to 13.7 times, 5.3 times, 2.7 times and 2.2 times in 2018.

Official statistics show mining is the most effective sector while agriculture, forestry and aquaculture sector had the lowest labor productivity.

The labor productivity of business sector was 3 times higher than the national average labor productivity.

Key factors affecting labor productivity in Viet Nam include small scale of the national economy, slow labor structure transformation, backward machinery and technology, limited governance and management of resources, said the GSO.

Meanwhile, business sector has failed to play a decisive driving force for improving labor productivity of the whole economy./.

By Thuy Dung

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