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 CREDIT TOPS VND19.18 QUADRILLION, FLOWS INTO PRODUCTION SECTORS
Total outstanding loans in Vietnam’s banking system had reached over VND19.18 quadrillion in the year to March 31, up 3.18% against the end of 2025, with lending largely directed toward production and priority sectors, according to the State Bank of Vietnam. Data released at the central bank’s first-quarter press briefing on April 14 showed that several Government-backed lending programs have recorded notable disbursement progress. A credit package for the forestry and fisheries sectors has been expanded sharply, from VND15 trillion to VND185 trillion.
HCMC SET TO START WORK ON SEVEN MAJOR INFRASTRUCTURE PROJECTS
Ho Chi Minh City plans to simultaneously break ground on seven major infrastructure projects worth a combined VND380 trillion on the occasion of Vietnam’s Reunification Day (April 30). The projects are highly expected to unlock public investment and fuel economic growth. To prepare for the simultaneous launch, relevant departments and authorities have worked to streamline administrative procedures while maintaining legal compliance, with the goal of meeting conditions for groundbreaking on the occasion of the national holiday.
VIETNAM GETS US$2.64 BILLION FROM SEAFOOD EXPORTS IN Q1
Vietnam’s seafood sector booked around US$927 million in export revenue in March, bringing the total in the first quarter of this year to US$2.64 billion, showed data from the Vietnam Association of Seafood Exporters and Producers (VASEP). China was the primary export market in Q1. Other markets such as the U.S., Japan and South Korea imported less due to weakened consumer spending and stringent technical barriers.
VIETNAM TAPS AI TO CONNECT MILLIONS OF WORKERS WITH EMPLOYERS
Vietnam’s Ministry of Home Affairs on April 14 launched a national job exchange at vieclam.gov.vn, a key digital platform designed to directly connect more than 53.6 million workers with nearly one million businesses. The platform goes beyond a conventional job portal, positioning itself as a nationwide data-integrated ecosystem. Its technological highlight is the use of artificial intelligence (AI) to automatically analyze and match job vacancies with workers’ skills and experience.
VIETNAM RAISES OVER VND80 TRILLION THROUGH G-BONDS IN Q1
The Vietnam State Treasury mobilized VND80.1 trillion through Government bond issues in the first quarter of 2026, fulfilling 73% of the quarterly plan and 16% of the annual target. This capital mobilization, unveiled by the Hanoi Stock Exchange (HNX), underscores a strong start for the domestic sovereign debt market.
DOMESTIC CAPITAL MARKET PRIORITIZED FOR GROWTH
Nguyen Thanh Nghi, who is also Secretary of the Party Central Committee, was speaking at a national hybrid conference on April 13 as he presented the key contents of the resolution adopted at the second plenum of the 14th Party Central Committee on Vietnam’s socio-economic development plan, national financial strategy, public debt management, and medium-term public investment for 2026-2030.
























