VNE – By Dat Nguyen May 10, 2018 | 02:00 pm GMT+7
Laborers work at a garment factory in Bac Giang province, near Hanoi, Vietnam. Photo by ReutersProductivity is rising, but not as fast as wages, creating the risk of an economic imbalance.
Vietnam’s labor productivity last year was among the lowest in Asia despite showing growth, according to a report published on Tuesday.
Average productivity in Vietnam increased by 36 percent from VND38.64 million per worker in 2006 to VND60.73 million ($1,660 to $2,600) in 2017, according to the Vietnam Annual Economic Report 2018.
However, the level is still below Japan, South Korea, China, Singapore, Thailand, Malaysia, the Philippines, Indonesia and Cambodia, according to researchers from the Vietnam Institute for Economic and Policy.
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