Improving labour productivity crucial to sustainable economic growth: experts

Increasing labour productivity is an important factor to promote economic growth in the long run, and is a prerequisite for Vietnam to narrow its development gap with other regional countries and fulfill the goal of becoming a developed country with high income by 2045, said Deputy Minister of Planning and Investment Tran Quoc Phuong.

After 30 years of renewal, Vietnam has recorded important achievements in socio-economic development, with less dependence on natural resources, crude oil export and low-cost workforce, and stepped up the application of scientific and technological advances and innovation, Phuong said at a conference in Hanoi on November 29 to seek ways to promote labour productivity for sustainable growth in Vietnam.

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