FDI enterprises maintain their own advantages to retain high-quality human resources

	Vietnam always creates favorable conditions for foreign investors
	China leads in number of FDI projects in Vietnam in seven months
	China leads in number of FDI projects in Vietnam in seven months

FDI enterprises must have solutions to increase competitiveness in attracting labor. Photo: Samsung

Vietnamese people have mastered advanced technology

According to the Ministry of Planning and Investment, FDI capital in the first 7 months of the year reached 12.55 billion USD, up 8.4%. The total newly registered capital, adjusted capital, and capital contribution and capital contribution of foreign investors reached more than 18 billion USD in the first 7 months of the year, up 10.9% over the same period in 2023.

Previously, the results of the survey of FDI enterprises in the 2023 Provincial Competitiveness Index (PCI) report conducted by the Vietnam Federation of Commerce and Industry (VCCI) showed that, despite the context of global instability and a not-so-bright economic outlook, FDI enterprises in Vietnam have recovered steadily, many enterprises reported profits or reduced losses, and recruited more workers. Regarding labor issues, the PCI 2023 report said that a significant proportion of FDI enterprises are satisfied with the quality of local labor, but there are still many difficulties in recruiting labor as well as a shortage of personnel for positions requiring high skills...

Therefore, along with solutions to improve labor quality, especially highly skilled labor, gradually shifting Vietnam's labor structure from mainly relying on the competitive advantage of cheap labor to high-quality labor to attract foreign investment, FDI enterprises themselves must also have solutions to retain labor, increase competition in attracting labor, and at the same time create conditions for local labor to develop skills and improve their skills.

Understanding the above problem, Mr. Park Sung Ho, General Director of Samsung Electronics Vietnam - Thai Nguyen said that as one of the largest mobile phone manufacturing bases in the world, Samsung factories in Vietnam are operating with 3 goals: People are number 1 - Products are number 1 - Environment is number 1. Therefore, Samsung factory in Thai Nguyen (SEVT) reached the milestone of 1 billion technology products manufactured in April 2024. If including both Samsung factories in Bac Ninh (SEV) and Thai Nguyen, the total output has reached more than 2 billion products, while Samsung globally has produced nearly 6.3 billion products in the past 36 years.

The most typical is the new generation of folding phones launched in July 2024, including Samsung Galaxy Z Fold 6 and Galaxy Z Flip 6, both of which are manufactured at SEV and SEVT. Mr. Duong Ngoc Duy, Head of Production Department at SEVT, said that in the early years, the factory at SEVT needed a lot of support from foreign experts in technology transfer and production line installation, but now the factory has completely mastered advanced technology.

Focus on training and good welfare

However, to achieve the above results, finding and training high-quality human resources is a top priority, and maintaining unique advantages to increase competitiveness. According to Ms. Dang Thi Thu Huong, Director of Recruitment and Training at SEVT, high-quality human resources are always sought after, especially talented engineers in the fields of automation, artificial intelligence and programming. Therefore, the Company has cooperated with leading universities in Vietnam to implement an internship program for excellent students.

In addition, during the working process, employees participate in diverse soft skills and professional skills training courses, and are updated with technology trends; at the same time, every year, the Company will select and send outstanding employees to participate in training courses abroad or participate in employee exchange programs between Samsung branches around the world. “Samsung Vietnam’s talents will become the world’s leading technology experts in the future,” Ms. Dang Thi Thu Huong stated.

In addition, SEVT’s representative also said that SEVT is an enterprise that has won the “Enterprise for Employees” award for many years when it strives to build a safe working environment and provide good welfare regimes for employees such as high-quality bus transportation, providing modern dormitories, maternity leave and separate working regimes for pregnant women, etc.

In addition to implementing a competitive salary regime with the lowest monthly salary being 1.5 times higher than the minimum wage as prescribed, the Company still conducts annual salary adjustments and maintains full bonus regimes even during difficult economic periods. Up to now, SEVT has been in operation for nearly 11 years with a labor force with an average seniority of 8.3 years and employees at SEVT have an average seniority of 9.4 years.

On the part of management agencies, the report of the Ministry of Planning and Investment recommends continuing to implement policies and solutions to stabilize and develop the labor market; improving the efficiency of management and regulation of labor supply and demand to effectively connect workers with employers, and promptly providing support for businesses to overcome labor shortages. At the same time, implementing solutions to build and form a flexible, synchronous, modern, sustainable and integrated labor market.