Workplace productivity improvements needed for economic competitiveness: Expert
Vietnam must look to improve national workplace productivity if it wants to promote its economic competitiveness and growth, according to Chairman of the Vietnam Chamber of Commerce and Industry (VCCI) Vu Tien Loc.
Hanoi (VNA) - Vietnam must look to improve national workplace productivityif it wants to promote its economic competitiveness and growth, according to Chairmanof the Vietnam Chamber of Commerce and Industry (VCCI) Vu Tien Loc.
Loc made the statement at a workshop held by the VCCI and the Japan International Cooperation Agency (JICA) inHanoi on April 28, part of activities launched by VCCI to improve workplace productivityat businesses.
According to Loc, Vietnam’s workplace productivity has improved remarkably in recent years, posting a rise of 5.8 percent each year in the 2016-2020 periodand exceeding the target by 0.8 percent.
The country’s growth model has gradually reduced a dependence on the exploitationof natural resources, raw material exports, low-cost labour, and creditexpansion, and begun relying on the application of science, technology, andinnovation, he said.
According to the International Labour Organisation (ILO), Vietnam’s workplace productivity in the 2011-2020period rose 5.11 percent, 2 percent higher than the average in ASEAN.
Its productivity has improved significantly but is still low compared tocountries such as China and India, it noted.
Kenichi Ohno from the National Graduate Institute for Policy Studies of Japansaid with the support of international organisations such as the AsianProductivity Organisation (APO), a number of productivity improvement programmeshave been implemented in Vietnam over recent years, contributing significantly toboosting workplace productivity.
Vietnamshould learn from Japan’s experience and tools as well as those of other Asian countriesto improve its workplace productivity.
The Japanese Government and business community are willing to cooperate andsupport Vietnam in effectively improving productivity, he said.
Participants at the workshop also highlighted the important contribution of the digital economy to productivity andefficiency in the economy, saying that this is a new driver of rapidimprovements./.
Gender equality at the workplace needs to be recognised as one of the drivers of long-term growth and breakthroughs for businesses, especially as Vietnam has a high proportion of women in the labour market, according to Nguyen Quang Vinh, General Secretary of the Vietnam Chamber of Commerce and Industry (VCCI).
Total new and additional investment capital in Ho Chi Minh City’s industrial and processing zones reached 224.61 million USD in the first quarter of this year, an increase of 66.34 percent year-on-year and representing 40.84 percent of the annual plan.
Vietnam’s job market showed strong signs of recovery in the first quarter of 2021, opening up various opportunities for workers, especially highly-skilled workers.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
Illustrative image (Photo: VNA) 
