Tag: human resources

The draft also outlines corporate income tax incentives to attract investment and promote development of priority sectors at the Center.

These sectors include semiconductor, AI, cloud compuing, big data and blockchain.

Enterprises needing some 161,000 workers for production and trade expansion.

 Preparing the necessary human resources is crucial for the success of Vietnam’s nascent semiconductor industry.

The training expected to meet human resources demand for local businesses.

Key areas in three-year-old program include AI, cloud computing, product development, and smart factories.

87% of city’s workforce to have undergone training by 2025 and 89% by 2030.

Service sector sees highest demand for human resources.

Vietnam needs high-quality human resources to meet requirements in Industry 4.0.

Human resources development is a major pillar of Vietnam’s e-commerce development plan. On September 7, for the first time, a network of e-commerce training institutions was established in the country to promote the development of high-quality human resources and meet rising needs. Only 30 per cent of existing human resources at e-commerce companies are formally trained.

According to a survey by Manpower Group Vietnam, 57 per cent of enterprises face difficulties in recruiting high-quality human resources. The Ministry of Labor, Invalids and Social Affairs (MoLISA) has said that compared to other countries in the region and the world, Vietnam has a low percentage of trained workers, at just 26.2 per cent.

According to Minister of Labor, Invalids and Social Affairs Dao Ngoc Dung, Vietnam’s labor market is experiencing a partial imbalance in supply and demand as well as uneven development due to an excess of under-qualified and low-skilled workers and a shortage of high-quality human resources. If the latter is not improved, Vietnam will gradually lose its appeal among foreign investors.

Recruitment consultants the Navigos Group has said that the focus of banks on digital transformation and automation had led to an increase in demand for staff in information technology (IT), other technology, and data, etc. Vacancies are proving difficult to fill, however, and much investment is needed due to the competitive nature of the market.

On July 22, when receiving Mr. Maeda Tadashi, Chairman of the Board of Directors at the Japan Bank for International Cooperation (JBIC), Prime Minister Pham Minh Chinh asked for the bank’s support in terms of capital, technology, human resources, and governance for Vietnam to develop its energy conversion industry. Mr. Tadashi affirmed that Vietnam is one of two key partners of Japan in ASEAN in terms of implementing climate change response strategies.

Human resources must meet international standards if Vietnam hopes to raise the bar in its tourism industry. A number of large enterprises in the country have stepped up cooperation with international corporations on personnel training. In particular, Nova Service is developing Nova College in Ho Chi Minh City, with the goal of becoming the leading college-level training institution in Vietnam for the hospitality industry.

Da Nang city holds major potential to attract FDI in three respects: synchronous infrastructure, sufficient land to build industrial parks and hi-tech parks, and high-quality human resources. It is now directing investment capital towards the fields of hi-tech, digital transformation, tourism, energy to respond to climate change, the circular economy, information technology, and resort tourism.

Vietnam is currently enjoying what is called a “golden” population structure, with about 55 million people in the workforce. Only 24.5 per cent are trained, however, and this is one factor behind Vietnam’s workplace productivity remaining quite low. Developing skilled human resources has become an important foundation for the economy to grow sustainably and in-depth.