Thanh Nien News
Thursday, August 27, 2015 20:21
Workers at a footwear factory in Vietnam. Photo: Diep Duc Minh
Vietnam’s labor productivity has managed to narrow its gaps with other Southeast Asian countries, but it will be decades long before the country can catch up with them, the Ministry of Planning and Investment said.
Each Vietnamese laborer produced around $3,530 last year, up 4.9 percent year on year, news website Saigon Times Online quoted the ministry as saying in a report recently submitted to the government.
Between 2005-2014, the productivity grew 3.7 percent on average a year, which was “quite fast,” the ministry said.
As of 2013, Vietnam managed to narrow the gaps between its labor productivity with those of other Southeast Asian countries by up to nearly 42 percent from the distances estimated in 1994, it said.
According to the latest figures, Singaporean labor productivity was 18 times higher than Vietnamese, while Malaysia and Thailand were 6.6 and 2.7 times higher, respectively.
Vietnam’s labor productivity was 1.8 times lower than those of the Philippines and Indonesia.
However, based on purchasing power parity, the gaps have been increased since 1994, the ministry said.
With Singapore, for instance, Vietnam saw the distance go up more than 49 percent to $62,052 in 2013, and 17.5 percent to $9,314 in comparison with Thailand.
Even though Vietnam’s economy continuously expanded with its gross domestic product increasing 29 times between 1990-2014, it was still small compared to some ASEAN countries — Thailand’s GDP was 4.8 times higher than Vietnam’s last year, the ministry said in an explanation for the big gaps.
It forecast that Vietnam will be able to catch up with the Philippines in 2038 and Thailand in 2069.
Đăng bởi Trần Đình Hoành
I am an attorney in the Washington DC area, with a Doctor of Law in the US, attended the master program at the National School of Administration of Việt Nam, and graduated from Sài Gòn University Law School. I aso studied philosophy at the School of Letters in Sài Gòn.
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I have worked as an anti-trust attorney for Federal Trade Commission and a litigator for a fortune-100 telecom company in Washington DC.
I have taught law courses for legal professionals in Việt Nam and still counsel VN government agencies on legal matters.
I have founded and managed businesses for me and my family, both law and non-law.
I have published many articles on national newspapers and radio stations in Việt Nam.
In 1989 I was one of the founding members of US-VN Trade Council, working to re-establish US-VN relationship.
Since the early 90's, I have established and managed VNFORUM and VNBIZ forum on VN-related matters; these forums are the subject of a PhD thesis by Dr. Caroline Valverde at UC-Berkeley and her book Transnationalizing Viet Nam.
I translate poetry and my translation of "A Request at Đồng Lộc Cemetery" is now engraved on a stone memorial at Đồng Lộc National Shrine in VN.
I study and teach the Bible and Buddhism. In 2009 I founded and still manage dotchuoinon.com on positive thinking and two other blogs on Buddhism.
In 2015 a group of friends and I founded website CVD - Conversations on Vietnam Development (cvdvn.net).
I study the art of leadership with many friends who are religious, business and government leaders from many countries.
I have written these books, published by Phu Nu Publishing House in Hanoi:
"Positive Thinking to Change Your Life", in Vietnamese (TƯ DUY TÍCH CỰC Thay Đổi Cuộc Sống) (Oct. 2011)
"10 Core Values for Success" (10 Giá trị cốt lõi của thành công) (Dec. 2013)
"Live a Life Worth Living" (Sống Một Cuộc Đời Đáng Sống) (Oct. 2023)
I practice Jiu Jitsu and Tai Chi for health, and play guitar as a hobby, usually accompanying my wife Trần Lê Túy Phượng, aka singer Linh Phượng.
Xem tất cả bài viết bởi Trần Đình Hoành
CVD 