Want to be in the loop?
subscribe to
our notification
Business News
COMPANIES FACE SHORTAGE OF QUALIFIED EMPLOYEES
Vo Quang Hue, Robert Bosch Vietnam General Director said his company is experiencing difficulties finding employees who are able to readily grasp and apply advanced technologies.
Vietnam should put employee vocational training on the front burner to meet the immediate demands placed on businesses by foreign investors, he said.
Yutaka Watanabe, general director of Towa Company in turn said his company has also experienced problems with the technological capacity of its workforce to such an extent that it can’t satisfy investor demand.
Yasuzumi Hiro Japan External Trade Organisation (JETRO) Managing Director in HCM City said the fundamental problem is that Vietnamese businesses in the past were not technologically advanced.
As a result, employees don’t have the competitive edge operating many types of machinery and equipment, which is going to require substantial investment in training to get them up to speed with the necessary skill set.
Businesses have been especially experiencing shortages in the skilled trades and qualified technicians. In particular, information technology (IT) firms in HCM City have had extensive problems filling job openings, Hiro said.
Ngo Duc Tri, Global Cybersoft Vietnam General Director said his company had to decline many orders on the back of employee shortage to fill them. The software market has great potential but with our limited staff of only 900 we are unable to keep up with demand.
Nguyen Duc Quynh, FPT Software Director in HCM City, echoed Tri’s views, and said the Japanese demand for sourcing work has been expanding.
FPT Software has plans to raise its number of employees by fivefold, Quynh estimated that the company needs to train around 10,000 computer programmers by 2020 to serve just its Japanese customers.
Since 2006, HCM City has attracted strong groups like Intel to invest in its high-tech sector. The city has been laying out a master plan for the IC industry’s human resources development.
Sherry Boger, Intel Products Vietnam General Director affirmed Intel’s willingness to assist HCM City in training human resources for the industry. She suggested the city coordinate with Intel to set up a training centre.
Numerous leading industry leaders have advised that Vietnam should lay out specific plans for dealing with the issue and establish a link between the Government and businesses to coordinate the development of a comprehensive road map to resolve it.
At a recent meeting with HCM City’s leaders, a representative from Italian business association said Vietnam’s employee training was not up to snuff and did not meet their needs.
Consequently they had to retrain all of their employees at great expense both in time and money. Training should be reevaluated in order to solve the dilemma. In fact, most graduates from universities and colleges lack the skills needed by businesses, which adds to work/skill gap.
The solution is to more effectively coordinate training at Vietnam’s universities, colleges and vocational schools with the needs of the business community, city leaders said.
Source: VNEP
Related News
VIETNAM’S SEAFOOD EXPORTS HIT OVER US$10 BILLION IN JAN-NOV
Seafood export revenue in November alone amounted to nearly US$990 million, up 6.6% year-on-year. Key product groups posted solid gains. Shrimp exports rose 11.7% to over US$385 million, supported by strong demand for whiteleg shrimp and lobster. Tra fish shipments increased 9.7% to almost US$197 million, while marine fish, squid, and mollusk exports maintained their recovery.
VIETNAM’S AGRO-FORESTRY-FISHERY EXPORTS HIT NEW RECORD IN JAN-NOV
Vietnam’s agro-forestry-fishery export revenue reached an estimated US$64.01 billion in the first 11 months of 2025, up 12.6% year-on-year and surpassing the full-year record of US$62.4 billion set in 2024. Agricultural exports reached US$34.24 billion, up 15% year-on-year, while livestock products brought in US$567.4 million, a 16.8% increase. Seafood exports rose 13.2% to US$10.38 billion, and forestry products earned US$16.61 billion, up 5.9%.
HANOI REPORTS RECORD-HIGH BUDGET REVENUE IN 2025
Hanoi’s budget revenue is estimated to reach VND641.7 trillion in 2025, the highest level ever recorded and nearly 25% above the revised target, according to a report by the municipal government. Data from the city’s socioeconomic performance review shows that total state budget collections in 2025 are projected to reach 124.9% of the adjusted plan and rise 24.9% from 2024, the Vietnam News Agency reported.
VIETNAM, CHINA TO PILOT TWO-WAY CARGO TRANSPORT AT LANG SON BORDER
Vietnam and China will launch a one-year pilot program on December 10 to allow two-way cargo transport through the Huu Nghi–Youyi Guan international border gates in Lang Son Province, reported the Vietnam News Agency. The Dong Dang-Lang Son Economic Zone Management Board said the trial aims to reduce transport costs and improve customs clearance capacity.
VIETNAM’S IMPORT-EXPORT VALUE NEARS US$840 BILLION IN JAN-NOV
The total value of Vietnam’s imports and exports was nearly US$840 billion between January and November this year, the highest level ever recorded, according to the National Statistics Office. In its latest report on the country’s socio-economic performance, the National Statistics Office highlighted a series of positive economic indicators, with trade emerging as one of the strongest drivers of growth.
OVER 19 MILLION INTERNATIONAL VISITORS COME TO VIETNAM IN JAN-NOV
Vietnam received more than 19.1 million international visitors in the first 11 months of 2025, a 20.9% increase year-on-year and the highest level ever recorded, according to the National Statistics Office. The figure surpasses the full-year record of 18 million arrivals set in 2019, before the Covid-19 pandemic. Nearly two million foreign visitors arrived in November alone, up 14.2% from October and 15.6% from the same period last year.
























