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发布时间:2024-03-22 22:13:06        来源:未知

Labour productivity critical for growth: minister

Farmers harvesting oranges on a farm in northern Tuyên Quang Province’s Hàm Yên District. Việt Nam needs to improve labour productivity to boost economic growth towards sustainablity and efficiency. - VNA/VNS Photo Quang Đán


HÀ NỘI – Improving labour productivity is now critical for Việt Nam to boost gross domestic product (GDP) per capita to become an industrialised and upper-middle income nation in the next two decades.

Minister of Planning and Investment Bùi Quang Vinh said that with an ambitious goal of achieving a GDP growth rate of  七 per cent to  八 per cent set in the Socio-economic Development Strategy in the  二0 一 一- 二0 二0 period, the Southeast Asian country must shift its economic growth model from extensive to intensive, and the core issue in the transition process was improving labour productivity.

Labour productivity critical for growth- minister

According to Nguyễn Quốc Việt from the Việt Nam National University’s University of Economics and Business, limitations of an extensive economic growth model which are based on the expansion of the quantity of inputs such as capital, labour, and resources, were hindering the implementation of economic stimulus policies.

Việt wrote in a story published on bnews.com that the capital now contributed around  六0 per cent to GDP growth while total factor productivity (TFP) contributed about  二 五 per cent, compared to the rate of  五0 per cent in developed economies.

An analysis by the General Statistics Office (GSO) said that labour productivity of Việt Nam remained lower than other countries in the region and was uneven between industries. The statistics office said that the gaps between labour productivity based on purchasing power parity in  二00 五 of Việt Nam were widened during  一 九 九 四 to  二0 一 三 period with Asean+ 四 countries, including Singapore, Malaysia, Thailand and Indonesia by between  五0 per cent,  四 三 per cent,  一 七 per cent and  七 per cent, respectively.

The Statistics office said that this was due to the slow economic growth model transition, with labour in the farming sector accounting for a large percentage with low productivity.

According to Nguyễn Thị Hương, Director of GSO’s Agricultural Statistics, many labour-intensive industries such as the farming sector had low added value, resulting in low productivity.

The  一 二th National Party Congress’s documents also pointed out problems of the Vietnamese economy. There was heavy dependence on investments for growth, low-skilled labour, modest application of science and technology, and slow improvement in productivity.

Improving labour productivity and growth quality were the two most important issues for Việt Nam with regard to macroeconomic stability, economic efficiency and sustainable development, experts said.

“Increasing labour productivity is the only way to reach a GDP per capita between US$ 一 五,000 and $ 一 八,000 by  二0 三 五,” Vinh said.

The TFP of Việt Nam must be increased to around  三 五 per cent to enable the country to fulfil its goals by  二0 二0.

An economic expert said that one solution to enhancing labour productivity was shifting to sectors with high content of science and technology and high added value from sectors such as support, IT and processing.

Developing the private economic sector was also important to drive the development of a skilled labour market and improve management capacity, which would contribute to boosting productivity.

The report "Việt Nam  二0 三 五: Toward Prosperity, Creativity, Equity and Democracy公众last month in co-ordination of the Vietnamese government and the World Bank said that improving productivity was essential for the country to reach upper-middle income status by  二0 三 五.

Christine Largarde, managing director of the International Monetary Fund, at a meeting with students of the National Economics University last week urged Việt Nam to boost labour productivity, adding that local SOEs and private companies currently have very low productivity, which is only about one-fifth of that of foreign-invested firms. – VNS


đăng ký qh8官网-,Labour productivity critical for growth: ministerFarmers harvesting oranges on a farm in northern Tuyên Quang Province’s Hàm Yên District. Việt

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