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RAISE THE AVERAGE LABOR PRODUCTIVITY TO AROUND 7%/YEAR BY 2025

On February 08, 2022, the Prime Minister promulgates the Decision No. 167/QD-TTg approving the 2022-2025 Program on support for private enterprises in sustainable business.

Accordingly, specific objectives to 2025 include: Supporting the development of at least 10 instruments and solutions for measurement, assessment and recognition of sustainable business enterprises; thereby giving support to about 10,000 private enterprises for sustainable business; contributing to the achievement of energy consumption saving level of 5.0%- 7.0% of the total national energy consumption; raising the average labor productivity to around 7%/year; Attracting lawful resources, especially from enterprise community for materialization of initiatives towards sustainable business, etc.

Activities of the Program include: Compiling documents, disseminating information and communications via mass media, social networks in order to raise the awareness of society and enterprise community about sustainable business; Organizing refresher courses to raise the awareness and qualification of the contingent of cadres, civil servants and public employees involving in sustainable business support and management activities, etc. Funds for implementation of the Program include: Contributed or donated funds and other lawful financial sources of organizations, individuals and enterprises participating in the Program, domestic and foreign investment funds for implementation of the Program, etc.

This Decision takes effect after its signing.

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