The labor productivity is a measure of the work efficiency of workers for a certain period of time. In the new era, the era reached out, when the country was facing many challenges such as global competition, requirements for innovation and international integration, the labor productivity became a decisive factor to the ability to maintain. and develop the economy.
Recently, although there have been many improvements, Vietnam's labor productivity is still low compared to other countries in the region. In terms of absolute value, according to the World Bank's data, the PACCL according to the equivalent purchasing power (calculated according to PPP 2011) in 2019 of Vietnam is only 7.64% of Singapore's productivity; 19.53% of Malaysia; 37.92% of Thailand; 45.56% of Indonesia; 56.88% of the Philippines; 88.05% of Laos.
However, in recent years, Vietnam has made strong efforts in improving the labor productivity. Mr. Nguyen Tung Lam, Director of the Vietnam Productivity Institute (National Committee for Finance and Quality), said that in the past decade, Vietnam's labor productivity has been assessed to have the highest growth rate among ASEAN countries. With efforts to improve productivity, Vietnam has achieved encouraging results in productivity growth, creating opportunities to gradually narrow the gap in productivity compared to other countries with more advanced economies.
According to Mr. Lam, the fact shows that Vietnam retains its attraction to foreign investors. Another bright spot in attracting FDI is the field of semiconductor and artificial intelligence, a large corporation like Apple of the United States has completed the transfer of 11 factories to Vietnam. At the same time, Apple's familiar partners in Vietnam are Foxconn, Luxshare and Goertek also simultaneously increasing capital, expanding factories in Vietnam.
Mr. Lam also cited that Vietnam currently has about 735,455 enterprises, which accounts for 96.63% of non -state enterprises and about 14,400 cooperatives and more than 5 million business households. Most private and micro -sized private enterprises, unstable and sustainable production and business activities. Due to the difficulty of credit capital, the expansion of production and business and the application of advanced science and technology in production is limited, leading to low productivity and production capacity.
“Therefore, it is necessary to evaluate, classify and establish programs to improve business productivity, develop productivity experts, improve management capacity, skills training, support, support Borrowing capital, technological innovation. Businesses need to actively improve their capacity to meet the trend of sustainable development, green conversion, and digital conversion to be able to participate in the global supply chain, ”Mr. Lam emphasized.
Also according to experts, in the long term, economic restructuring to shift from low -added industries to high value -added industries, no longer using low -cost labor. Increase investment, develop high quality human resources; Promoting scientific research, technological development, innovation continues to be a continuous and long -term goal because human capital and science and technology are the core factor for national competitiveness. , improving sustainable productivity.
