The nation is also grappling with several structural barriers that hamper productivity growth.

Vietnamese enterprises are making a strong transition to enhance product value and conquer international markets, moving away from exporting fresh or minimally processed products.

Despite recognising the importance of innovation, Vietnam still lacks specific mechanisms and policies to promote innovation in key emerging fields in business and technology.

Ho Chi Minh City will need some 310,000 - 330,000 workers for job vacancies next year, according to the latest survey of the city’s Human Resources Forecasting and Labour Market Information (Falmi) Centre.

The Vietnam Oil and Gas Group (Petrovietnam) is taking strong measures to earn 1 quadrillion VND (39.4 billion USD) in revenue this year.

Improving labour productivity is an important, urgent, strategic and long-term mission of the whole political system, and the shortest way for the country to catch up with developed nations in the region and the world, Prime Minister Pham Minh Chinh said on May 26.

Vice Chairman of the Da Nang People’s Committee Ho Ky Minh hosted a reception for Country Director for Vietnam at the Asian Development Bank (ADB) Shantanu Chakraborty on November 28.

The Prime Minister on November 8 issued a decision approving the national programme on labour productivity improvement by 2030.

The focal tasks for the remaining months of 2023 are to maximise all market opportunities, optimise production to increase productivity, and fulfill even small, discerning orders.

Can Tho city needs to show strong determination and take drastic actions to fulfil its heavy responsibility towards itself, the Mekong Delta region, and the entire country, National Assembly (NA) Chairman Vuong Dinh Hue said on October 10.

Vietnam needs to outline rational policies to promote intrinsic strength of businesses with a view to boosting socio-economic development, experts said on the sidelines of the Vietnam Socio-economic Forum held in Hanoi on September 19.

Supporting industries play a significant role in the economic restructuring towards industrialisation and modernisation, contributing to enhancing labour productivity, competitive capacity, and value creation, and increasing the contribution of the processing and manufacturing industries to the wider economy.

Deputy Prime Minister Tran Hong Ha has pointed out the need to develop high-quality human resources as development models in the world are shifting in the direction of green, low-carbon, and circular economy in the post-COVID-19 period.

Participants at a seminar in Hanoi on May 16 discussed three pillars of the nation’s rapid and sustainable development.

Prime Minister Pham Minh Chinh on February 12 described Quang Ninh as a miniature Vietnam that holds a strategic position in terms of politics, economy, defence, security, and diplomacy.

Hanoi is set to become a globally-connected city with high living standards and quality of life, according to a new plan that aims to raise the Gross Regional Domestic Product (GRDP) per capita to 36,000 USD by 2045.

Increasing labour productivity is an important factor to promote economic growth in the long run, and is a prerequisite for Vietnam to narrow its development gap with other regional countries and fulfill the goal of becoming a developed country with high income by 2045, said Deputy Minister of Planning and Investment Tran Quoc Phuong.

Increasing labour productivity, ensuring fast and sustainable growth, overcoming the middle income trap, and developing green economy should be priorities in terms of economic reform to help Vietnam grow rapidly and sustainably.

The Ministry of Planning and Investment (MPI) said it has collected opinions from ministries, sectors, localities as well as domestic and foreign organisations and experts on its draft national programme on raising labour productivity and the government's draft resolution on the programme.

Over the two years of the COVID-19 pandemic, partly thanks to support from local authorities, enterprises in Hanoi have managed to not only surmount difficulties but also fulfill their social responsibility.