VIETNAM'S LABOR PRODUCTIVE: THE SITUATION AND ADVANCED SOLUTIONS

Abstract

Vietnam has the potential to develop a relatively large and efficient integrated economy. However, so far, Vietnam's economy is still small, labor productivity and GDP per capita are still low compared to some countries in the ASEAN region. In 2021, GDP per capita will reach about 3,640 USD, equal to about 50% of Thailand, about 34% of Malaysia, 92% of Indonesia and only about 6% of Singapore. Improving national labor productivity is the most important task for the country's prosperity. In 2019, the Government organized the National Labor Productivity Improvement Conference for experts to give suggestions and plans to improve national labor productivity. The author's article wishes to contribute some more ideas for agencies and experts to have more reference information.