Productivity – decisive factor in boosting economic growth. (Photo: VNA)The legislature sets the goals that the national GDP would grow 6-6.5%in the year, and GDP per capita would stand at between 4,700 USD and 4,730 USD. Theprocessing and manufacturing industry is also projected to account for 24.1% -24.2% of the GDP.
To boost the domestic processing and manufacturingindustry, the workforce must satisfy requirements, Huong explained, elaboratingthat the rate of trained workers should stay at about 69%, of whom those withdegrees and certificates range between 28% and 28.5%.
The official viewed productivity as a decisive factorin improving the competitiveness of the national economy and each enterprise, sayingit plays a crucial role in boosting long-term economic growth.
It becomes even more important given the crunch of capital,land, and natural resources, and workforce affected by population aging, shecontinued.
According to the GSO, increasing productivity depends ondifferent factors like consumption demand, production capital, wage, bonuses,science-technology, innovation, institutions, policies, and productionstructure, along with the factors associated with natural conditions and personnelquality with the latter playing a key role.
Besides, scientific and technological advances requirelabourers to have higher qualifications in order to optimise production, Huong said, stressing the need toimprove training quality to meet requirements of businesses./.
VNA
