Labor productivity is 1/10 of Singapore, 1/2 of China, delegates point out 'serious bottlenecks'

năng suất - Ảnh 1. — Delegate Nguyen Nhu So ( Bac Ninh ) - Photo: National Assembly

Assessing the GDP growth of more than 8%, trade surplus and record FDI, delegate Nguyen Nhu So (Bac Ninh) said that to turn short-term achievements into sustainable capacity, there needs to be a development strategy with the private economy as a "jet engine", a spearhead for innovation, a driving force for production and a foundation for national autonomy.

Should not continue to expand export scale but increase domestic value content

There is a need for substantial breakthroughs in institutional reform, focusing on policy implementation. Although there is no shortage of policies, there is a lack of effective implementation. In fact, in the first 9 months of the year, 175,000 enterprises withdrew from the market.

Therefore, the promulgated policy needs to have detailed instructions, clear deadlines, a public monitoring mechanism, specific responsibilities, digitalization, eliminating the request-granting mechanism, and need to measure the effectiveness of reforms through business experience....

At the same time, it is necessary to strongly restructure the capital structure, bringing capital into the real economy. The capital market needs to be the lifeblood of production, focusing on the manufacturing and processing industry, essential consumer goods and high technology...

The delegate also emphasized that strongly restructuring production and exports and increasing domestic added value is a strategic task to build an independent and self-reliant economy. Accordingly, he said that Vietnam cannot continue to expand its export scale but needs to shift its focus to increasing domestic value content.

In fact, according to Mr. So, the localization rate is only 36.6%, significantly lower than China's 97%, Thailand's 58.4% or India's 53.3%, making Vietnam vulnerable to dependence and falling into the role of a transit factory, making it difficult to meet FTA criteria and facing the risk of high tariffs.

Therefore, it is necessary to prioritize domestic enterprises with sufficient capacity and scale, support to increase the localization rate, production and technology transfer, and domestic design and manufacturing.

Attracting FDI needs to clearly define domestic commitments, be a catalyst for domestic production capacity, increase the value of Made in Vietnam and become a master in the global supply chain.

Along with that, it is necessary to develop high-quality human resources. In reality, Vietnam faces a "serious bottleneck" when 63% of jobs are informal, 38 million people have not received vocational training, and only 11.67% have high qualifications. Therefore, labor productivity is only 1/10 of Singapore and 1/2 of China, due to lack of skills and institutional lag in education .

Therefore, delegate So suggested that it is necessary to focus on investing in elite education, building research and training centers, creating productivity in key areas such as AI, semiconductors, renewable energy, digital economy... with the foundation of an autonomous knowledge chain to escape the middle-income trap and create a position in the value chain.

Removing barriers for the private sector

Sharing the same view, delegate La Thanh Tan (Hai Phong) also said that the private economy still faces many barriers and has not yet made a breakthrough in scale and competitiveness.

Therefore, it is necessary to soon amend the Law on Support for Small and Medium Enterprises, expanding the scope of application, such as business households transforming into enterprises, innovative start-ups, enterprises participating in industry linkages and value chains. Priority support is given to digital transformation, innovation, sustainable development, and greening of production.

Promote localization on the basis of linking enterprises with value chains, connecting with large enterprises and providing investment incentives with FDI if transferring technology and linking Vietnamese enterprises.

Increase the localization rate, connect small and medium enterprises and individual business households, build a three-way ecosystem for businesses to swim in harmony, promote innovation and technology transfer...

Removing regulatory obstacles that make it difficult for businesses and investment

Delegate Tran Huu Hau (Tay Ninh) cited the story of a cashew industry enterprise requesting to temporarily suspend operations for a subsidiary due to the impact of COVID-19.

However, when the management software of the industries integrated data, the tax industry software detected that a company in the ecosystem had temporarily stopped operating, so it warned all other companies of the risk, so the tax authority did not accept the issuance of invoices.

This makes this business spend a lot of time and capacity to explain and ask for intervention, affecting exports when the system exports nearly 1 million USD each day, the flow of goods and cash flow is stagnant and the damage is huge when the tax industry... blows the whistle.

According to delegate Hau, regulations that are far from reality, civil servants who are ignorant and mechanical only follow regulations like robots, raise the need for innovation in organizational structure, institutional reform, digital transformation and more synchronous solutions.

Meanwhile, delegate Luu Ba Mac (Lang Son) pointed out the fact that many public investment projects have been completed, but late payments and outstanding debts have undermined the reputation of state agencies, causing significant and long-term financial impacts on businesses and construction units.

According to the delegate, this is due to the provisions of the Law on Public Investment, although it has been reported but has not been processed and resolved, so payment cannot be made. Therefore, the delegate proposed to allow the application of a special mechanism to settle outstanding debts of basic construction projects, promptly removing difficulties and obstacles for the projects.

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Source: https://tuoitre.vn/nang-suat-lao-dong-bang-1-10-singapore-1-2-trung-quoc-dai-bieu-neu-diem-nghen-nghiem-trong-20251029122332109.htm