Vietnam labor costs highest among ASEAN comparators

In a report on enhancing enterprise competitiveness and enhancing small and medium-sized enterprise (SME) linkages, it says Vietnam’s labor costs are higher than in comparable Southeast Asian peers. It defines labor costs for each firm as the cost of all payments to all workers divided by the ...

Vietnam’s labor productivity remains low

Despite being a middle-income country, Vietnam’s labor productivity last year was equal to more than half of that of lower-middle-income economies and only 18.3% of that of upper-middle-income ones, said Nguyen Duc Thanh, director of the Vietnam Center for Economic and Policy Research.Keep reading ...

Vu Dung

Vietnam’s labour productivity increases

The average labour productivity in Vietnam increased from 1,700 USD per laborer in 2006 to 2,672 USD in 2017, according to the Vietnam Institute for Economic and Policy Research (VEPR). In 2017, Vietnam’s labor productivity doubled that of low-income countries, but met only 50 percent of ...

VietnamNet Reporter

Reform may see labourers paid for their productivity

Businesses will likely narrow the pay gap among labourers and recalculate salary scales based on productivity at work instead of seniority, the Ministry of Labour, Invalids and Social Affairs has said.Keep reading ...

VietnamNet Reporter

Productivity key to escaping mid-income trap

Việt Nam has to focus on increasing labour productivity and overall productivity growth to avoid the risk of being stuck in the middle income trap, experts said at the Vietnam Development Forum (VDF) 2017 yesterday.Keep reading ...

VNS Reporter

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