Binh Phuoc: Scientific workshop on the role and factors of TFP synthesis

Delegates and scientists attending the workshop

Speaking at the workshop, Principal of the Provincial Political School Phan Xuan Linh said that the workshop is of great significance to the economic development of Binh Phuoc, especially in the current context that the province is focusing on effectively implementing the Provincial Planning for the period 2021-2030, with a vision to 2050. Promoting the potential and advantages of the province for rapid development associated with green and sustainable growth; improving growth quality, labor productivity, efficiency and competitiveness of the province in socio-economic development. To build and develop Binh Phuoc province, in addition to policies, guidelines and development strategies, the factor of "productivity" is considered an important element, a driving force for socio-economic development through the application of new achievements of science and technology, application of management systems, advanced productivity improvement tools, combined with research, training and fostering of human resources, in line with the trend of the fourth industrial revolution...

Principal of the Provincial Political School Phan Xuan Linh speaks at the workshop

According to Dr. Bui Phuong Dinh, Director of the Institute of Sociology and Development, total factor productivity (TFP) plays a particularly important role for Binh Phuoc province, a locality in the process of promoting economic development and industrialization. Binh Phuoc has great potential thanks to its strategic location, abundant natural resources and increasingly improved infrastructure. However, to achieve sustainable development, the province cannot rely solely on expanding labor or capital investment but needs to improve the efficiency of resource use through improving TFP. In particular, in the context of increasing competition between provinces and cities and the trend of digital transformation, Binh Phuoc needs to promote TFP to promote innovation, creativity and green economic development...

Dr. Bui Phuong Dinh, Director of the Institute of Sociology and Development, spoke at the workshop.

At the workshop, scientists focused on discussing the current situation, impacts, influences and orientations for productivity growth in economic sectors of Vietnam and Binh Phuoc province. Total factor productivity - a key factor towards the goal of sustainable productivity in the agricultural sector... Through the workshop, some scientific arguments will be added to advise and make recommendations to the Party and State in improving total factor productivity, reducing dependence on capital intensity.

Scientists discuss at the conference