Want to be in the loop?
subscribe to
our notification
Business News
COMPANIES FACE SHORTAGE OF QUALIFIED EMPLOYEES
Vo Quang Hue, Robert Bosch Vietnam General Director said his company is experiencing difficulties finding employees who are able to readily grasp and apply advanced technologies.
Vietnam should put employee vocational training on the front burner to meet the immediate demands placed on businesses by foreign investors, he said.
Yutaka Watanabe, general director of Towa Company in turn said his company has also experienced problems with the technological capacity of its workforce to such an extent that it can’t satisfy investor demand.
Yasuzumi Hiro Japan External Trade Organisation (JETRO) Managing Director in HCM City said the fundamental problem is that Vietnamese businesses in the past were not technologically advanced.
As a result, employees don’t have the competitive edge operating many types of machinery and equipment, which is going to require substantial investment in training to get them up to speed with the necessary skill set.
Businesses have been especially experiencing shortages in the skilled trades and qualified technicians. In particular, information technology (IT) firms in HCM City have had extensive problems filling job openings, Hiro said.
Ngo Duc Tri, Global Cybersoft Vietnam General Director said his company had to decline many orders on the back of employee shortage to fill them. The software market has great potential but with our limited staff of only 900 we are unable to keep up with demand.
Nguyen Duc Quynh, FPT Software Director in HCM City, echoed Tri’s views, and said the Japanese demand for sourcing work has been expanding.
FPT Software has plans to raise its number of employees by fivefold, Quynh estimated that the company needs to train around 10,000 computer programmers by 2020 to serve just its Japanese customers.
Since 2006, HCM City has attracted strong groups like Intel to invest in its high-tech sector. The city has been laying out a master plan for the IC industry’s human resources development.
Sherry Boger, Intel Products Vietnam General Director affirmed Intel’s willingness to assist HCM City in training human resources for the industry. She suggested the city coordinate with Intel to set up a training centre.
Numerous leading industry leaders have advised that Vietnam should lay out specific plans for dealing with the issue and establish a link between the Government and businesses to coordinate the development of a comprehensive road map to resolve it.
At a recent meeting with HCM City’s leaders, a representative from Italian business association said Vietnam’s employee training was not up to snuff and did not meet their needs.
Consequently they had to retrain all of their employees at great expense both in time and money. Training should be reevaluated in order to solve the dilemma. In fact, most graduates from universities and colleges lack the skills needed by businesses, which adds to work/skill gap.
The solution is to more effectively coordinate training at Vietnam’s universities, colleges and vocational schools with the needs of the business community, city leaders said.
Source: VNEP
Related News
VIỆT NAM BREAKS INTO GLOBAL TOP 10 FOR REAL ESTATE TRANSPARENCY IMPROVEMENTS
Việt Nam has emerged among the world’s 10 most improved real estate markets in terms of transparency dủing the 2024-26 period, according to the 2026 Global Real Estate Transparency Index released by global real estate services firm JLL. Overall, Việt Nam ranked 50th among 88 countries and territories surveyed, with a transparency score of 3.15, remaining in the 'Semi-Transparent' category.
VIỆT NAM'S BUSINESSES MOVE TOWARDS AI AGENTS
Việt Nam’s AI landscape is entering a new phase as businesses move beyond generative AI (GenAI) tools designed to assist human users towards autonomous AI, agentic AI and AI agents that can take action with limited supervision, experts have said. The shift comes as Việt Nam seeks to accelerate science and technology, innovation and digital transformation under Politburo Resolution 57-NQ/TW, issued on December 22, 2024.
VIỆT NAM TARGETS $48 BILLION IN TEXTILE-GARMENT EXPORTS
Việt Nam’s textile and garment industry is facing both opportunities and challenges amid complex and unpredictable developments in the global market, prompting businesses to improve growth quality, optimise production costs and enhance adaptability in pursuit of an export turnover of about $48 billion this year. The target is considered an important milestone that requires concerted efforts from management agencies and the business community.
VIETNAM’S TRADE TOPS $825 BILLION BY MID-SEPTEMBER
Figures released on September 21 showed goods trade reached nearly $55 billion in the first 15 days of September alone, bringing cumulative turnover since the beginning of the year to more than $825 billion. The strong growth reflects robust trade flows, with demand for consumer goods and production inputs remaining high.
VIETNAM AND CHINA DISCUSS POLICIES TO SUPPORT PRIVATE-SECTOR GROWTH
On September 21, at the Ministry of Finance headquarters in Hanoi, Deputy Minister Nguyen Duc Chi held talks with a delegation from the Central Social Work Department of the Communist Party of China Central Committee, led by Zhao Shitang, Deputy Minister of the department. Deputy Minister Chi warmly welcomed the delegation and highlighted the significance of the visit in learning about Vietnam’s management of the non-state business sector, particularly the registration, management, and operation of private enterprises.
CUTTING LOGISTICS COSTS KEY TO BOOSTING EXPORTS
Reducing costs has become an increasingly urgent priority for import-export activities, particularly logistics costs, a conference in Hà Nội was told on Tuesday. According to Deputy General Director of the Ministry of Industry and Trade's Agency for Foreign Trade, Trần Thanh Hải, import-export activities has remained a bright spot for the economy in recent years, playing an important role and helping drive macroeconomic growth.






















