Vietnam's economy is expected to grow by about 7% this year thanks to investment in product exports. Factory owners from many Asian development areas save on Vietnam's low labor force, but it is also low labor. Now, as more companies expand, they are expanding administrative offices and R&D staff. That means jobs for technology, marketers and assistants to country managers. But many companies are also looking for manpower shortages because Vietnamese schools do not teach what they need.
According to Forbes website published on January 17, 2020, Vietnam's Vingroup has a solution. Large companies involved in real estate, tourism and electric vehicles were approved in December to run their own universities from the second half of this year. Le Mai Lan, president of the college, said in an interview that the $ 151 million Hanoi-based school, VinUniversity, aims to find top-tier colleges around the world to educate undergraduates. Qualified to work in a growing number of IT jobs. Admission is also ready for competition.
"Vingroup aims to develop into a leading cross-border service industry industry group in the region with significant technology ratios," said Le Mai Lan. We need outstanding leaders and professionals to achieve our goals. Therefore, in the long term, VinUni needs to develop an elite workforce along with Vingroup's business management and ideology.
Since 2012, Vietnam has convinced foreign investors that it is a place to export from auto parts to sports shoes. The monthly minimum wage is as low as $ 132 and is attractive for those investors. But it pays workers more than workers who can handle front office or expensive export designs like electronics, and Vietnam is at the forefront of the value chain. The ILO said Vietnam faces a mismatch between the education, skills and experience required to find and retain formal employment and training qualifications.
Analysts in Vietnam said public universities were not meeting foreign companies' demand for education, technology and administrative skills. "Universities have been behind Thailand for decades, and certainly the best universities in China are ahead of Vietnam," said Adam McCarty, chief economist at Mekong Economic Co. in Hanoi. He added that Vietnam was a country of slow reform, and today most of the Vietnamese skilled workers came from rich families who sent them abroad to study.
Murray Hiebert, a senior fellow at the Southeast Asia Program at the Center for Strategic and International Studies in Washington, DC, said Vietnam's state schools, as well as other Asian schools, help push education to pass rather than be considered. Troubleshooting. He noted that investors want solutions for top jobs.
The number of non-skilled workers makes up 77% of the total workforce, with less than 10% of university graduates. Change: cactus