At a forum jointly held by the Ho Chi Minh City branch of the Vietnam Chamber of Commerce and Industry (VCCI-HCM) and the International Labor Organization (ILO) on October 27, VCCI-HCM Director Vo Tan Thanh said that labor productivity is an important factor to improve competitiveness so as to join effectively the global supply chain.

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Increasing labor productivity is the key to the sustainable development of small- and medium-sized enterprises. (Photo for illustration)

Increasing productivity is also a solution to improving incomes and working conditions for laborers, he noted.

Thanh stressed that as Vietnam is integrating deeply into the world’s economy, it is a must for enterprises to apply various measures to meet demands of customers, thus, they can hold stable shares in the domestic market and gain a firm foothold in foreign countries.

ILO Vietnam Director Chang Hee Lee said that laborers play an important role in deciding productivity and quality of products. For that reason, SMEs need to encourage the involvement of workers in technical improvement programs while bettering the working environment for their laborers.

SMEs can start from dialogues to share information and expectations between managers and workers, he said, adding that businesses should pay due attention to carrying out quality management progresses like 5S model (seiri-tidiness, seiton- orderliness, seiso-cleanliness, seiketsu-standardization and shitsuke-discipline) or ISO quality management system.

Technological innovation for green production and business culture are also important to labor productivity as well, he said.

Meanwhile, Brian Mtonya, an economic expert from the World Bank, stressed that businesses should pay heed to product research, designing and marketing which are touted as decisive factors for products’ competitiveness edge.

Source: VNA