Vietnam prioritizes human capital to drive labor productivity and growth

Prime Minister emphasizes that Vietnam is entering a new development phase with ambitious goals, requiring strong collective effort to achieve sustainable, double-digit economic growth.

"The country is entering a new development phase with very high, challenging goals and great aspirations, demanding strong efforts and determination from the entire political system, people, and business community," the Prime Minister stated. He highlighted the urgent need for sustainable double-digit economic growth.

“

The country is entering a new development phase with very high, challenging goals and great aspirations, demanding strong efforts and determination from the entire political system, people, and business community.

The government is finalizing a national plan to boost labor productivity, aiming to present it for approval in June. This plan identifies productivity as a crucial engine for rapid and sustainable growth. It links productivity increases to market development, job creation in high-productivity sectors, and enhancing human resource quality to meet market demands. The plan also promotes innovation, technological advancement, and digital transformation as key drivers.

A strategic focus is placed on improving human resource quality, identified as a critical breakthrough. "To increase national labor productivity, we must start by improving the quality of human resources – one of the three strategic breakthroughs," the Prime Minister explained. This includes urgent improvements in vocational training, equipping workers with essential digital skills, and fostering adaptability to new production models.

“

To increase national labor productivity, we must start by improving the quality of human resources – one of the three strategic breakthroughs.

To ensure sustainable employment, the government pledges to support businesses in adopting technology and digital transformation. "The government will have mechanisms and policies to encourage and facilitate businesses to accelerate training, promoting emulation movements and worker initiatives," the Prime Minister said. The Ministry of Education and Training is tasked with researching flexible training models aligned with practical needs, especially in key sectors and strategic technology fields.

Addressing worker housing, a delegate raised concerns about cramped living conditions and rising costs. The Prime Minister acknowledged these issues, recognizing their impact on workers' health and well-being, and committed to developing more affordable housing options.

“

The government will have mechanisms and policies to encourage and facilitate businesses to accelerate training, promoting emulation movements and worker initiatives.