Vietnam urged to improve productivity for economic reform

Workers at a garment and textile company in the northern province of Thai Nguyen. If Vietnam’s labour productivity increases by 1 per cent, GDP will increase by 0.94 percentage points. - VNA/VNS

HANOI (Vietnam News/Asia News Network): Increasing labour productivity, ensuring fast and sustainable growth and overcoming the middle income trap are priorities for the country in terms of economic reform.

Dr Can Van Luc, Chief Economist of BIDV and a member of the National Monetary and Financial Policy Advisory Council, made the statement at the conference 'Australia – Vietnam Economic Reform (Aus4reform): results, lessons learned and future direction' held in Hanoi on Tuesday (Nov 14).