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News & Events / Events

Vietnam urged to improve soft skills for workers to attract more FDI (16/3/2014)

Tin Tuc - Vietnam should take measures to improve soft skills for its laborers as foreign direct investment (FDI) companies need more skilled workers to meet their future business expansions, said economists at a conference on March 6.

According to a survey jointly conducted by a Vietnamese labor institute and American human resource consulting firm ManpowerGroup, Vietnamese workers are weak at soft skills, including teamwork, communication and adaptation to new circumstances.

The survey showed an alarming tendency in Vietnam’s labor market as some FDI enterprises often seek needed human resource from competing enterprises instead of investing in training laborers. This can create an unfair competition on wages.

Earlier, another survey showed that just 34% of local and foreign enterprises are satisfied with Vietnam’s human resource quality, which is lower than that of regional countries though the country has 47.49 million people in the working age.

Economists proposed Vietnam take measures to boost linkages between universities, colleges and FDI companies to build training programs to ensure consistency between training and market demand as well as developing soft skills at all levels of education, otherwise it will lag behind other regional nations in FDI attraction.

Vietnam attracted a total of $1.54 billion in FDI between January and February, down 62.5% on year


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