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32 BUSINESS 44 TRADE - MARKET

EFFORTS TO RESTORE HUMAN UNLOCKING LOGISTICS BOTTLENECK
RESOURCES AFTER COVID-19 FACING AGRICULTURAL PRODUCTS
Vietnam’s labor market has exhibited many signs of recovery in the first IN THE MEKONG DELTA
quarter of 2022 but there remain issues in need of attention. When
reorganizing production and business, enterprises tend to change how they The greatest bottleneck facing economic
recruit employees because they recognize the importance of workers being development in the Mekong Delta is establishing
proficient in information technology, soft skills, and the ability to adapt to a logistics system that connects all parties, from
unexpected changes in the environment. In production to consumption. According to
order for Vietnam to remain competitive, it analysts, in order for agricultural products in the
needs a skilled workforce with skills to serve Mekong Delta to compete with those of other
economic development and quickly recover countries in the region and reach out to the world,
from the pandemic. The best solution is to it is imperative to establish logistics centers that
identify policies to encourage employees to specialize in such products. However, in order to
undergo training, re-training, skills develop these centers, special support policies are
improvement, and even career change. needed from local authorities and the government
for farmers, manufacturers, importers, and
investors, together with funding mechanisms for
34 BUSINESS regional infrastructure, a mechanism to attract
IMPROVING WORKPLACE PRODUCTIVITY investment from the non-State sector, and
ongoing improvements to institutions.
Improving workplace productivity is a problem not only facing Vietnam
and has been made even more difficult by Covid-19. Over the past two
decades, the country has made many efforts to improve workplace
productivity, with economic restructuring, from agriculture to industry,
playing an important role. However, such efforts have probably reached
their limits, and new solutions must be found to improving workplace
productivity. Vietnam has been implementing national science and
technology tasks, supporting enterprises in research, innovation,
technology transfer, and technology application, developing and
implementing science and technology tasks, and adopting plans to
improve workplace productivity and total factor productivity (TFP)
based on science, technology, and innovation.

46 INVESTMENT - INFRASTRUCTURE
AVIATION STILL STRUGGLING

A number of unpredictable factors are still hindering the aviation
industry and upsetting recovery and development plans, especially with 52 TRADE - MARKET
international visitors still largely absent. In the short-term, there remain
many difficulties and challenges facing the industry, including issues PRICE STABILIZATION
in markets, finances, human resources, and fuel prices. However,
according to analysts, there are also many opportunities for the industry A DIFFICULT TASK
to make a breakthrough given that Vietnam can safely and effectively
adapt to the pandemic. Gasoline prices are high and putting great
pressure on commodity prices. Many businesses
under Ho Chi Minh City’s market stabilization
program are facing risk of losses if they don’t
adjust their prices. In the context of higher input
costs, the decision to keep lending interest rates
unchanged is considered a solution to help
businesses maintain production. In addition,
authorities need solutions to stabilize gasoline
prices and ease pressure on costs. Analysts have
said that increasing selling prices is only a short-
term solution, while balancing post-Covid-19
recovery plans is difficult but important.

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