Building a highly skilled Vietnam Vietnam does not usually come quickly to mind when considering Asia's emerging
Question:
Building a highly skilled Vietnam Vietnam does not usually come quickly to mind when considering Asia's emerging economies. While a lot of attention is focused on India and China, Vietnam meanwhile has demonstrated solid, consistent growth and shows bright promise. However, Vietnam also faces a dilemma. While low-cost labour has fuelled its growth, it could be the very factor that impedes the country's growth, unless workers' skills are improved quickly. A recent Manpower Group/TNS survey ranked Vietnamese workers in the bottom 10% regionally. About one in two employers consider the country's labour force to be fair or poor, and one in three said they were not able to find the skills they need. This is far more severe than in the emerging powerhouses of China and India. The labour shortages also cut across different levels, industries and professions, although the more heavily impacted areas were in the managerial, engineering and skilled manual trades. Acute shortages existed in specific industries; for example, technical expertise, industry knowledge and occupational health and safety procedures in food processing. A high shortage of technical expertise was also present in the healthcare, construction, transportation and logistics, and chemicals and fertilizer industries. The former Vice Chair of the Vietnam Chamber of Commerce and industries, Pham Chi Lan, said that the shortage of basic skills was affecting Vietnam's ability to compete economically worldwide.
Questions 1 - What are the staff attraction and retention challenges employers potentially face as a result of the report's findings.
Question 2 - What strategies should be put into place to deal with these challenges.
Business Statistics A Decision Making Approach
ISBN: 9780133021844
9th Edition
Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry