Government issues action plan to boost labour productivity and harness economic resources

The government has recently issued an action programme to continue implementing the Politburo’s Resolution 39 (issued in 2019) on effectively tapping into economic resources.

The plant tissue culture laboratory at the Ho Chi Minh City High-Tech Agricultural Park.
The plant tissue culture laboratory at the Ho Chi Minh City High-Tech Agricultural Park.

The programme aims to raise annual growth in labour productivity by an average of 8.5%, reduce the share of agricultural labour to below 20%, raise the proportion of trained workers to 35-40%, and ensure that over 80% of the working-age population receive basic digital skills training.

By 2030, major large-scale national infrastructure projects with regional and global connectivity are expected to be completed.

Targets are set for efficient resource use, waste reuse, and recycling to match levels in leading ASEAN countries, while reducing energy intensity per unit of GDP by 1-1.5% per year.

National financial security is to be ensured, with public, government, and external debt kept within safety thresholds as set by the National Assembly.

Average total social investment over five years is to reach around 40% of GDP, with public investment accounting for 20-22% of total social investment.

Stock market capitalisation is targeted to reach 120% of GDP, with outstanding bonds at a minimum of 58% of GDP, insurance revenue at 3.3-3.5% of GDP, and national reserves at 0.5% of GDP.

To achieve these goals, the government has instructed ministries, agencies, and provincial authorities to implement seven key tasks and solutions.

NDO
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