Notably, Vietnam's labor productivity has improved over the past years at a higher growth rate of labor productivity in ASEAN.

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Photo: baodauthau.vn

During the period of 2008-2018, Vietnam's labor productivity measured by the purchasing power of 2011 increased 4% per year on average, higher than the average growth rates of 0.9% in Singapore, 1.1% in Malaysia, 2.6% in Thailand, 3.3% in the Philippines, and 3.4% in Indonesia.

However, the gap of labor productivity levels between Vietnam and other countries has increased. This problem also indicates that the Vietnamese economy must overcome difficulties and challenges to catch up with other regional countries in labor productivity.

Translated by Lam Anh