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Enhancing Vietnamese labor productivity

by VTV426 December 2018 Last updated at 17:52 PM

VTV.vn - Vietnam's labor productivity needs to grow by 6.3% per year between 2018-2020 to boost GDP growth to 6.85%. This was recommended by the Prime Minister’s Economic Advisory Group.

According to the General Statistics Office, the average growth rate of labor productivity in Vietnam was 4.3% in the period 2011-2015.

This figure was one of the highest in South East Asia in the last five years, mainly thanks to the labor conversion from agriculture to manufacturing industries. Despite improved productivity growth, Vietnam's labor productivity is still among the lowest in the region last year.

There is still a high proportion of labor working in agriculture sector compared with Thailand, Indonesia, and Cambodia.

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