AsemconnectVietnam - Improving productivity is essential for businesses to grow and create sustainable jobs – both core elements of any development strategy.

According to the International Labour Organization (ILO), productivity is the effective use of resources of each individual, business and economy to produce products and services, to maximize economic benefits, in a certain period of time. In fact, improving productivity is essential for businesses to grow and create sustainable jobs – both core elements of any development strategy.
Increase sales volume: Sales volume is increased thanks to lower product prices; Increase profits: high productivity in production results in increased revenue and increased profits; more efficient use of resources: resources are used more properly and effectively, hidden costs are also reduced;
Improve customer satisfaction: customers are more satisfied thanks to lower product prices and faster delivery times; increase employee income: employee income increases thanks to increased revenue and profits for businesses; greater contribution to economic growth: increased revenue contributes to increased GDP and promotes the country's economic growth; increase exports: increased output helps the country increase exports to other countries, bringing in more foreign currency; improve living standards: increased income for workers and stakeholders helps improve their living standards; sustainable business development: high productivity, increased revenue and profits help businesses expand production and develop sustainably.
Experts believe that in the coming years, to increase the labor productivity of the economy, Vietnam needs to further promote industrialization and modernization. This process requires Vietnam to have a team of qualified, capable, skilled and skillful workers to be able to keep up with the development of machinery and operate production according to the very complex scientific and technological process. At the same time, it is necessary to continue to promote investment attraction, encourage development, and form many enterprises, especially enterprises trading in goods and services that create high added value. In addition, the Government supports both enterprises and workers so that they understand the changes and thereby adjust themselves to suit the process of promoting labor productivity; it is necessary to continue to learn from good examples of increasing labor productivity of the above countries through international cooperation; change thinking to bring the culture of labor productivity into people's consciousness.
CK
Source: VITIC/thitruongvietnam.vn