Evaluating the Impact of Capital Intensity, Capital Productivity, and Other Factors on Labor Productivity in Different Sectors in Vietnam

Thi Thanh Huong Tran, Thu Hang Pham and Xuan Vinh Vo

Chapter 7 in The Vietnamese Economy and the Fourth Industrial Revolution, 2026, pp 175-199 from World Scientific Publishing Co. Pte. Ltd.

Abstract: This study examines the impact of capital intensity, capital productivity, average equipped fixed assets per employee, and other factors on labor productivity in Vietnam’s economic sectors during 2013–2017 using Two- Stage Least Square (2SLS) and Minimum Bayes Factor. Unlike other previous studies, this study uses 2SLS to solve the endogenous problem among the impact factors. Moreover, the Minimum Bayes Factor is used to verify the validity of the quantitative results. The results show that capital intensity and capital productivity positively impact labor productivity in non-state economic and FDI sectors. Meanwhile, the scale of implemented investment and the average equipped fixed assets per employee are the key factors influencing labor productivity for the stateowned sector. Additionally, improving corruption control has a crucial impact on the labor productivity of the foreign-invested sector.

Keywords: Vietnamese Economy; Fourth Industrial Revolution; Marketing; Behavioral Economics; Tourism; Management; Consumer Behavior; Ethical Leadership; Female Leadership; Work Motivation; Microfinance; Remittances; Digital Transformation; Business Management Strategies; Globalization; Industrialization (search for similar items in EconPapers)
JEL-codes: P2 (search for similar items in EconPapers)
Date: 2026
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