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VCCI to make labour market reports to lift competitiveness

Update: March, 13/2015 - 08:41
The Viet Nam Chamber of Commerce and Industry (VCCI) will make annual reports on the labour market starting this year in an effort to improve local competitiveness. — Photo ftimes.vn

HA NOI (VNS) — The Viet Nam Chamber of Commerce and Industry (VCCI) will make annual reports on the labour market starting this year in an effort to improve local competitiveness, Vu Tien Loc, VCCI President said.

Labour plays an important role in economic development, Loc said. Developing labour skills would help shift the country's economic structure and allow enterprises to contribute more to the global production chain.

In addition, many free trade agreements Viet Nam participated in focused on labour, including the Trans-Pacific Partnership, free trade agreements with the EU and co-operation in the ASEAN Economic Community, Loc said.

VCCI will work on the report with the International Labour Organisation, aiming to reveal the true labour market conditions in Viet Nam and address the business community's recommendations for improving labour quality.

The report will focus on labour skills, and the relationship between working environments and productivity, said Phung Quang Huy, director of the Bureau for Employer Activities at the VCCI.

"ILO Viet Nam is pleased to support VCCI in the preparation of the report, which will give a strong voice to the business community in skills and employment-related issues and contribute to informed policy debates on a conducive environment for investment, business growth and job creation," said Gyorgy Sziraczki, ILO's Viet Nam director.

The report will come in two parts. The first will analyse and assess labour-related issues that affect businesses, such as recruitment, quality and skills, labour relations, policy shortcomings, labour costs and productivity.

The second part will examine problems with the aim to make detailed policy recommendations.

Viet Nam uses a three-pillared economic restructuring model – institution reform, infrastructure development and manpower quality improvement, Loc said.

The country has made some improvements in institutional reform and infrastructure development, but its workforce is less qualified than other countries', he added. He attributed the lack of progress to the business community, saying it hasn't been proactive in making recommendations and proposals to the Government.

The VCCI's report will be implemented in parallel with the Provincial Competitiveness Index and is expected to be released in December every year. — VNS

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