Labor productivity surges 6.4% in 2015

FRIday - 19/04/2024 06:52

Viet Nam’s labor productivity constantly increased at an average rate of 3.9% in 2006-2015 period, said the General Statistics Office (GSO).

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Social labor productivity of the economy was estimated at VND 79.3 million per labor (around US$3.657), up 6.4% against 2014.

Labor productivity increased by 3.4% in 2011-2015 and 4.2% in 2011-2015.

Labor productivity in 2015 surged by 23.6% against 2010 but was lower than the set target of 29-32%, contributing to narrow down the gap with other ASEAN member states.

However, Viet Nam’s labor productivity remained at low level in comparison with its regional peers and unequal among different sectors and areas.

The GSO attributed the gap to slow restructuring of economic structure, high proportion of labor workers (with low labor productivity), outdated machines, equipment and technologies, poor labor quality./.