Reduced working hours must go hand-in-hand with improved productivity: expert

By Vietnam News
Tue, June 11, 2024 | 10:55 am GMT+7

The Vietnam General Confederation of Labour (VGCL) has called on the government for the second time this year to reduce the weekly working hours for private sector workers from 48 to 44, and eventually to 40 hours per week.

VGCL is the sole representative of Vietnamese workers' interests and unified trade union organizations in the country.

Workers at a company in Vietnam. Photo courtesy of Nguoi Lao Dong (Laborer) newspaper.

Workers at a company in Vietnam. Photo courtesy of Nguoi Lao Dong (Laborer) newspaper.

Dr Nguyen Thi Lien, head of the department of business human resource management at the Vietnam University of Commerce in Hanoi, said the shorter working week proposal was scientifically researched, practical and in line with global norms.

Extensive research has shown that reducing working hours allows workers to rest, rejuvenate, and spend more time with their families, providing a wide range of wellbeing and social benefits. Businesses also benefit when workers come back fully rested and more committed to their jobs because fewer mistakes are made and productivity increases.

Lien, however, said reducing working hours should be implemented gradually to allow room for adjustments and proper assessment from both businesses and workers.

It must be properly communicated that reduced working hours does not necessary mean lower incomes.

She said the key to the challenge of maintaining national competitiveness and investment while giving workers more time to rest is increased labour productivity.

"Businesses must invest more in technologies and automation, and improve workflow and the working environment. Workers should be geared toward being adaptive, creative, and producing advanced products," Lien said.

She advised the government to implement additional policies to stimulate creativity and innovation while raising the nation's minimum wage and workers' living standards. As incomes increase, reduced working hours allow more time for family, rest and recreational activities, which aligns with global development trends.

She added that reducing working hours will inevitably happen in the future, but the timing and implementation need careful planning and execution.

Dr Cao Van Sam, chairman of the advisory council at the Institute for Human Resources Training and Development, said the proposal to reduce working hours was brought to and approved by the 2019 National Assembly's Resolution 101. However, policymakers must strike a balance between labour productivity and the ability to ensure minimum living conditions for workers and meet various conditions for implementation.

"There should be thorough research based on scientific principles and practical approaches to build a roadmap that allows for reduced working hours and increased labor productivity," he said.

Sâm said tests should be carried out at businesses that meet all the conditions for implementation before the country's labour authorities implement national-scale policies.

"There have to be solutions to ensure workers' incomes are not hurt significantly, as well as their employers' competitiveness and investment. Workers must be encouraged to improve their crafts, contributing to improved labor productivity," he said.

Businesswoman Nancy Ngo Thi Bich Quyen, VP of BNI Vietnam and a human resource management expert, said that while better regulations for workers are necessary, the impact on businesses must be considered.

"Vietnam remains among the countries with the lowest labor productivity, while wages are no longer exceptionally low in comparison to the regional average. The mindset of the young generation is to try out new fields and constantly seek better employment opportunities," she said.

She said to be practical and sustainable, the proposal must balance the interests of employers and workers.

Comments (0)
  • Read More
Vingroup plans $38 mln bond issuance to restructure debt

Vingroup plans $38 mln bond issuance to restructure debt

Vingroup (HoSE: VIC), Vietnam’s largest listed company by market cap, plans to issue VND1 trillion ($37.91 million) in bonds via private placement as it seeks to restructure debt.

Companies - Tue, November 25, 2025 | 3:52 pm GMT+7

Vietnam gov't proposes minimum $379 mln charter capital for offshore wind developers

Vietnam gov't proposes minimum $379 mln charter capital for offshore wind developers

The Vietnamese government has proposed that offshore wind power developers have a minimum charter capital of VND10 trillion ($379 million) each, according to a draft resolution designed to ease bottlenecks in the country’s 2026-2030 energy development plan.

Energy - Tue, November 25, 2025 | 3:41 pm GMT+7

Petrovietnam arm to venture into CO2 transportation, seabed minerals, geothermal

Petrovietnam arm to venture into CO2 transportation, seabed minerals, geothermal

PVEP, the upstream arm of state giant Petrovietnam, plans to expand into new fields such as CO2 transportation and disposal (carbon capture, utilization, and storage), coal gas and underground mineral research, seabed minerals, and geothermal.

Industries - Tue, November 25, 2025 | 3:08 pm GMT+7

MB successfully closes landmark $500 mln inaugural green term loan facility agreement

MB successfully closes landmark $500 mln inaugural green term loan facility agreement

Military Commercial Joint Stock Bank (MB) on Monday announced the successful closing of its three-year $500 million inaugural Green Term Loan Facility Agreement, marking a significant milestone in the bank’s sustainable financing journey.

Banking - Tue, November 25, 2025 | 2:17 pm GMT+7

Impact of rising exchange rates in Vietnam

Impact of rising exchange rates in Vietnam

Mirae Asset Securities analysts offer an insight into the impact of rising exchange rates on companies in Vietnam in a report dated November 21.

Economy - Tue, November 25, 2025 | 1:35 pm GMT+7

Vietnam's industrial park developers post strong earnings as tenant demand rebounds

Vietnam's industrial park developers post strong earnings as tenant demand rebounds

Vietnam’s industrial real estate sector is showing stronger earnings and improving demand, with foreign tenants resuming lease negotiations after U.S. tariff policies became clearer, according to a brokerage report.

Industrial real estate - Tue, November 25, 2025 | 11:07 am GMT+7

Vietnamese export stocks under the radar despite strong earnings

Vietnamese export stocks under the radar despite strong earnings

Investor caution over tariff risks and the slowdown of major economies has prevented Vietnamese export stocks from making a strong price recovery.

Finance - Tue, November 25, 2025 | 8:44 am GMT+7

Indonesia plans 7 initial waste-to-energy plants next year

Indonesia plans 7 initial waste-to-energy plants next year

Indonesia will start the construction of seven waste-to-energy power plants in 2026 as the first step to develop 33 such facilities by 2029.

Southeast Asia - Mon, November 24, 2025 | 9:23 pm GMT+7

Malaysia predicted to be ASEAN’s second-fastest-growing economy, after Vietnam

Malaysia predicted to be ASEAN’s second-fastest-growing economy, after Vietnam

Malaysia is poised to become the second-fastest-growing economy in the Association of Southeast Asian Nations (ASEAN) after Vietnam, data showed.

Southeast Asia - Mon, November 24, 2025 | 9:19 pm GMT+7

Thailand SCG-backed Bien Hoa Packaging plans delisting from HCMC bourse

Thailand SCG-backed Bien Hoa Packaging plans delisting from HCMC bourse

Bien Hoa Packaging JSC, a 57-year-old manufacturer in Vietnam, plans to scrap its public-company status and delist from the Ho Chi Minh Stock Exchange (HoSE) as its free float fell below the minimum threshold under local securities law.

Companies - Mon, November 24, 2025 | 9:06 pm GMT+7

Real estate, industrials sectors lead in October M&A value in Vietnam

Real estate, industrials sectors lead in October M&A value in Vietnam

Grant Thornton analysts provide an insight to capital flows, the sectors attracting investor attention, and the market dynamics influencing the merger and acquisition (M&A) landscape in Vietnam in October.

Economy - Mon, November 24, 2025 | 4:39 pm GMT+7

Tobacco giant Vinataba to sell entire stake in instant noodle maker Colusa-Miliket

Tobacco giant Vinataba to sell entire stake in instant noodle maker Colusa-Miliket

State-owned Vietnam National Tobacco Corporation (Vinataba) plans to divest its entire 20% stake in Colusa-Miliket, the company behind the iconic “Miliket” (two-shrimp) instant noodle brand, seeking to raise at least VND114 billion ($4.32 million).

Companies - Mon, November 24, 2025 | 4:10 pm GMT+7

VinSpeed cannot participate in North-South high-speed rail project under PPP model: exec

VinSpeed cannot participate in North-South high-speed rail project under PPP model: exec

Pham Nhat Vuong, founder of VinSpeed High-Speed Rail Investment and Development JSC, has mapped out a clear 30-year financing plan for the gigantic North-South high-speed rail project, said an executive at Vingroup, a VinSpeed investor.

Infrastructure - Mon, November 24, 2025 | 3:51 pm GMT+7

Delivery major Viettel Post plans $21 mln logistics center in central Vietnam 

Delivery major Viettel Post plans $21 mln logistics center in central Vietnam 

Viettel Post, the courier arm of military-run telecom giant Viettel, has completed a site survey for a planned 21-hectare logistics center in the central province of Ha Tinh, with an estimated investment of nearly VND550 billion ($20.87 million).

Industries - Mon, November 24, 2025 | 11:49 am GMT+7

Honda Mobilityland eyes 600-ha sports, entertainment, tourism complex in southern Vietnam

Honda Mobilityland eyes 600-ha sports, entertainment, tourism complex in southern Vietnam

Honda Mobilityland Corporation, a subsidiary of Japan’s Honda Motor Co., plans to build an international circuit in Tay Ninh province, towards developing a 600-hectare sports, entertainment, and tourism complex there.

Industries - Mon, November 24, 2025 | 11:23 am GMT+7

State-controlled shipping line Vosco steps up coal trading to seek new revenue drive

State-controlled shipping line Vosco steps up coal trading to seek new revenue drive

Vietnam Ocean Shipping JSC (Vosco), controlled by the state-run Vietnam Maritime Corporation, is moving deeper into coal trading as the shipping line increasingly bids for large import contracts for thermal power plants, marking a push beyond its core maritime transport business.

Companies - Mon, November 24, 2025 | 8:36 am GMT+7