Simon Matthews, country manager of ManpowerGroup in Vietnam Vietnam has seen some recent improvements in labour quality. According to the Total Workforce Index 2019 from ManpowerGroup, the Vietnamese highly-skilled workforce in 2019 makes up 11.6 per cent of the local total workforce of 57.5 million, an increase from 10.8 per cent the previous year. Vietnam ranked 57th across the globe in 2019 (down from 43rd in 2018) and 13th across the Asia Pacific region (compared to 12th in 2018) for sourcing, hiring, and retaining workforce skills. Despite the improvement, the quality of the local workforce remains a big challenge. While the country has an abundant young workforce, skills remain low thus not yet meeting with national development and global integration. In fact, training and education have yet to satisfy market demands. Unemployment among young people, especially among university graduates, remains high and is an alarming issue. This has urged Vietnam to take more actions to upskill its workforce. Preparing for a new decade This year marks a new decade of development which will see the rapid scaling of digital initiatives across industries. It is also the last year of Vietnam’s current development period, and comes while preparing for the new… Read full this story
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