Vietnam

Vietnam's economy will face huge workforce productivity challenges

VCN - Vietnam's labor productivity in 2019 is only equal to 7.6% of Singapore's productivity; 19.5% of Malaysia; 37.9% of Thailand; and 45.6% of Indonesia.
The non-state economic sector has the lowest labor productivity

The non-state economic sector has the lowest labor productivity

VCN- Although the overall labor productivity has increased steadily over the years, according to experts, in general, labor productivity of the whole economy is still very low.
The development of private enterprise will improve their labor productivity

The development of private enterprise will improve their labor productivity

VCN - Labor productivity is one of the core factors determining competitiveness of enterprises in particular and the economy in general.
The labor productivity of small, medium and micro enterprises plays  an  important role in the economy

The labor productivity of small, medium and micro enterprises plays an important role in the economy

VCN- Currently most of our workers are still working in the fields of agriculture, forestry and fisheries. In every economy, labor productivity in these sectors is always very low.
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