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Vietnam strives to become APO’s centre of excellence

Vietnam is exerting efforts to become one of the six centres of excellence in terms of labour productivity of the Asian Productivity Organisation (APO) in 2020.
Vietnam strives to become APO’s centre of excellence ảnh 1Asian Productivity Organisation logo (Source: Internet)

Hanoi (VNA) – Vietnam is exerting efforts to become one of the sixcentres of excellence in terms of labour productivity of the Asian ProductivityOrganisation (APO) in 2020.

Labour productivity isa decisive factor to increase the competitiveness of an economy and business.Improving labour productivity is essential to rapid and sustainabledevelopment.

Over the past years,the productivity of Vietnam has been improved, but yet to match with thecountry’s potential and expectation.

Therefore, Vietnam hastaken a lot of measures synchronously and effectively to raise its labourproductivity such as increasing national governance capacity andcompetitiveness, improving the business environment, boosting the shifting oflabour structure from agriculture to industry and services, reforming thefinancial and banking sector, promoting start-ups, and attracting more foreigninvestment.

The Ministry ofScience and Technology is studying and building a master plan on theimprovement of productivity based on science, technology and innovation, andplans to submit it to Prime Minister Nguyen Xuan Phuc for approval in October.It is also making a national programme on supporting enterprises in improvingtheir productivity and product quality until 2030. The programme is expected tobe approved by the Government leader in June.

Efforts has been madeto implement the Asian Productivity Organisation’s projects, including the APO-CertifiedProductivity Practitioners project and the APO Centre of Excellence (COE)Programme, with a hope to become one of the six APO centres of excellence in2020

The Asian ProductivityOrganisation (APO) is an intergovernmental organisation committed to improving productivityin Asia and the Pacific. Established in 1961, the APO contributes to thesustainable socioeconomic development of the region through policy advisoryservices, institutional capacity-building efforts, sharing of productivity bestpractices, and dissemination of productivity data and analyses.

The current APOmembership comprises 20 economies: Bangladesh, Cambodia, China, Fiji, HongKong, India, Indonesia, Iran, Japan, the Republic of Korea, Laos, Malaysia,Mongolia, Nepal, Pakistan, the Philippines, Singapore, Sri Lanka, Thailand, andVietnam./.
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#centre of excellence#Asian Productivity Organisation#labour productivity#business environment#Vietnam#Vietnamplus#Vietnam News Agency
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