High-quality human resources: "Hold the gold, don't let it fall"

VCN - The shortage of high-quality human resources, especially in high-tech fields, is a major bottleneck in attracting large technology corporations to shift investment locations in research, development and production to Vietnam. Therefore, if Vietnam does not fully prepare the conditions to welcome the wave of high-quality FDI investment, Vietnam will miss a "gold mine" in the future.
Workers in VinSmart Factory. Illustration photo: ST
Workers in VinSmart Factory. Illustration photo: ST

Quality of human resources - the main factor attracting high technology

According to Minister of Planning and Investment Nguyen Chi Dung, the issue of high-quality human resources is a bottleneck that Vietnam needs to resolve soon to be able to promote the attraction of high-quality capital flows. There are currently more than 50 large FDI enterprises investing in Vietnam in the microelectronics and semiconductor industry, in which the field of IC design requires the most high-quality human resources.

Notably, Vietnam is exposed to great opportunities in cooperation to develop high-tech fields, such as artificial intelligence, semiconductor technology, new energy technology..., but the actual implementation is facing challenges due to the lack of human resources, both in quantity and quality. The main reason lies in the objective rules of the supply-demand relationship between the education and training system and the labor market. Learners and training institutions will prioritize choosing and investing in occupations with low training costs that have great demand in the immediate labor market. Therefore, although the semiconductor chip technology industry is not a completely new training industry, there have been a number of large universities that have been providing training for many years, but the number of students studying and graduating is up to is still very low.

The labor market in the field of semiconductors and microchips is just beginning to form, mainly in potential form, so the biggest challenge is how to attract students to study these majors and improve training quality to meet the strict requirements of FDI businesses and corporations.

According to experts, the semiconductor and microchip industry owns great potential in the future in terms of well-qualified manpower. Like many other high-tech industries, the semiconductor industry requires high levels of investment and places demands on available human resources.

From the perspective of representing an FDI enterprise, Mr. Gaur Dattatreya, CEO of Bosch Global Software Technologies Co., Ltd. affirmed that, in spite of a series of global crises and fluctuations, however, he always believes in the ability to break through as well as the Government's orientation to make Vietnam an attractive destination for high-quality and high-tech investments. In particular, Bosch currently has a specific plan to continue investing in high-quality human resources in Vietnam for new fields such as semiconductors or chip design.

“The quality of human resources is one of the main factors affecting the decision to locate or move bases of multinational corporations. Therefore, we recommend that the Government consider and have specific plans to develop human resources of key high-tech industries. Accordingly, it is necessary to start by encouraging the development of an ecosystem connecting domestic businesses, foreign investors, vocational education institutions, and universities, thereby facilitating Vietnamese human resources to access to knowledge and practical skills to catch the wave of foreign investment in key industries," Mr. Gaur Dattatreya proposed.

Human resource training is one step ahead

According to Mr. Jonathan Pincus, Chief Economist of the United Nations Development Program (UNDP) in Vietnam, after 30 years of reform, Vietnam's space for further development has reached its limit when the driving force comes from cheap manual labor force and resource exploitation are no longer advantages. Vietnam needs to quickly shift to investing in high-quality human resources to accelerate participation in key high-tech industries. Vietnam needs to analyze and forecast potential technology fields to focus on in-depth training and promote stronger private investment.

Vietnam is currently one of the important "bases" of many of the world's leading businesses in the field of high technology. However, many businesses still worry about the level of response to high-tech human resources. Mr. Chou I Wen, Deputy General Director in charge of Foxconn Vietnam Headquarters, said that currently, for special vacancies in the technology field, only 30% of candidates meet the requirements of skills and professional knowledge. “To overcome this problem, we always attach importance to cooperation between schools and businesses, through training orders with schools, encouraging and supporting students from schools for experiential internships and dispatching bachelor's degree’s employees training abroad... to improve staff qualifications. However, these are only temporary solutions for businesses," Mr. Chou I Wen added.

At the same time, Mr. Chou I Wen also proposed that Vietnam needs to deploy programs to train high-quality human resources and technical workers in core industries. Moreover, there should be investment in more practice facilities... to improve the quality of human resources to facilitate businesses in expanding high-tech investment.

Therefore, to solve the problem of human resources, in addition to clear direction, supporting resources and effective coordination tools from the State, it is necessary to proactively participate in higher education institutions, combining with corporations and businesses, to train human resources to be one step ahead, thereby attracting investment and developing the labor market.

In terms of policies, Dr. Nguyen Trung Hieu (Posts and Telecommunications Institute of Technology) said that it is necessary to research and organize at least 3 high-tech research centers, with special priority given to investment in circuit design and semiconductor technology in Hanoi, Da Nang, Ho Chi Minh City. At the same time, develop specific policies and regulations to encourage businesses to invest in research, establish and develop semiconductor chip production and business facilities in Vietnam; policies to support universities in investing in facilities, human resources, and a team of experts for training and research; Then policies on scholarships, tuition, credit incentives and other policies motivate learners to be interested and persistent in pursuing the field of semiconductor circuit design.

By Xuan Thao/Thu Phuong

Related News

Enhancing the role of localities in developing supporting industries

Enhancing the role of localities in developing supporting industries

VCN - Some localities with great potential for developing supporting industries have proactively issued their own policies to support businesses in training human resources, helping businesses access the global production chain.
Serious shortage and many impacts on seaport human resources

Serious shortage and many impacts on seaport human resources

VCN - According to the assessment of seaport enterprises in Vietnam, from 2024-2028, human resources at seaports will have strong changes in demand, due to the impact of technological trends to meet the task of developing the seaport economy in Vietnam.
FDI enterprises maintain their own advantages to retain high-quality human resources

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

VCN - In the first months of 2024, foreign direct investment (FDI) attraction activities continued to be vibrant, showing that foreign investors maintained their confidence and optimism in the Vietnamese market. However, finding and retaining high-quality human resources requires FDI enterprises to have many policies to maintain their advantages.
FDI enterprises records US$321 billion in trade

FDI enterprises records US$321 billion in trade

VCN - Enterprises with foreign direct investment (FDI) account for 67.8% of the country's total import and export turnover.

Latest News

Vietnam’s top leader sends message of thanks to Cuba for warm welcome

Vietnam’s top leader sends message of thanks to Cuba for warm welcome

Party General Secretary and President To Lam and his spouse have extended their deepest gratitude to First Secretary of the Communist Party of Cuba Central Committee and President of Cuba Miguel Díaz-Canel Bermúdez and his spouse in a message following his state visit to Cuba.
Further improvement needed in work permit issuance

Further improvement needed in work permit issuance

VCN - Further improving procedures for granting work permits and business licenses to enterprises will make Vietnam more attractive to foreign investors.
Top leaders of Vietnam, Cuba hold talks in Havana

Top leaders of Vietnam, Cuba hold talks in Havana

General Secretary of the Communist Party of Vietnam (CPV) Central Committee and President of Vietnam To Lam held talks with First Secretary of the Communist Party of Cuba (PCC) Central Committee and President of Cuba Miguel Diaz-Canel Bermudez in Havana on September 26 afternoon (local time).
Vietnam needs drastic measures to promote circular economy

Vietnam needs drastic measures to promote circular economy

Vietnam needs to drastically raise measures to promote the development of circular economy in order to take up opportunities for accelerating socio-economic growth and promoting sustainable development.

More News

Vietnamese Party General Secretary, State President meets with Cuban top legislator

Vietnamese Party General Secretary, State President meets with Cuban top legislator

General Secretary of the Communist Party of Vietnam (CPV) Central Committee and State President To Lam and President of the National Assembly of People's Power of Cuba Esteban Lazo Hernandez shared the view on contributions of the legislatures to relations between the two Parties, States, and people of Vietnam and Cuba at their meeting in Havana on September 26 afternoon (local time).
Top leader arrives in Cuba for state visit

Top leader arrives in Cuba for state visit

General Secretary of the Communist Party of Vietnam (CPV) Central Committee and State President To Lam, his spouse, and a high-ranking delegation of Vietnam arrived at Jose Marti International Airport in Havana on September 25 evening (local time), beginning a state visit to Cuba.
Top Vietnamese leader meets with US President

Top Vietnamese leader meets with US President

General Secretary of the Communist Party of Vietnam Central Committee and State President To Lam had a meeting with US President Joe Biden on September 25 (local time) as part of his US trip for the UN Summit of the Future and the high-level week of the 79th session of the UN General Assembly (UNGA).
Vietnam, Cuba seek to beef up parliamentary cooperation

Vietnam, Cuba seek to beef up parliamentary cooperation

President of the National Assembly of People's Power of Cuba Esteban Lazo Hernandez, and Vice Chairman of the National Assembly of Vietnam Nguyen Duc Hai co-chaired the first session of the Vietnam-Cuba Inter-Parliamentary Cooperation Committee in Havana on September 24.
ADB remains upbeat about Vietnam’s economic prospect

ADB remains upbeat about Vietnam’s economic prospect

The Asian Development Bank (ADB) maintained its positive economic outlook for Vietnam, forecasting the country’s GDP growth at 6% in 2024 and 6.2% in the following year.
Corporations and general companies quickly restore production after storms and floods

Corporations and general companies quickly restore production after storms and floods

VCN - After storm No. 3, many corporations and general companies suffered great losses. However, with the role of economic “locomotives”, corporations and general companies are quickly overcoming the damage and restoring production and business after storm No. 3.
Việt Nam

Việt Nam's position unchanged in 2024 Asia Power Index, performs best in diplomacy

Việt Nam does best in the diplomatic arena, placing 8th, thanks to its ’proactive diplomatic outreach with a diverse set of partners.’
Top leader’s Cuba visit demonstrates importance Vietnam attaches to bilateral ties

Top leader’s Cuba visit demonstrates importance Vietnam attaches to bilateral ties

The upcoming state visit to Cuba by Party General Secretary and State President To Lam reflects the traditional solidarity and special friendship between Vietnam and the Caribbean nation.
Ho Chi Minh City supports businesses in green production and export

Ho Chi Minh City supports businesses in green production and export

VCN - Green production and, at a higher level, green branding have become the new "rules of the game" in both domestic and international markets. Therefore, green development will be considered a strategic direction for businesses to achieve sustainable growth.
Read More

Your care

Latest Most read
Vietnam’s top leader sends message of thanks to Cuba for warm welcome

Vietnam’s top leader sends message of thanks to Cuba for warm welcome

Party General Secretary and President To Lam and his spouse have extended their deepest gratitude to First Secretary of the Communist Party of Cuba Central Committee and President of Cuba Miguel Díaz-Canel Bermúdez and his spouse in a message following his state visit to Cuba.
Further improvement needed in work permit issuance

Further improvement needed in work permit issuance

VCN - According to Mr. Colin Blackwell, although Decree No. 70/2023/ND-CP amending and supplementing a number of articles of Decree No. 152/2020/ND-CP dated December 30, 2020 of the Government has brought about some improvements, only 3% of the surveyed e
Top leaders of Vietnam, Cuba hold talks in Havana

Top leaders of Vietnam, Cuba hold talks in Havana

General Secretary of the Communist Party of Vietnam (CPV) Central Committee and President of Vietnam To Lam held talks with First Secretary of the Communist Party of Cuba (PCC) Central Committee and President of Cuba Miguel Diaz-Canel Bermudez in Havana on September 26 afternoon (local time).
Vietnam needs drastic measures to promote circular economy

Vietnam needs drastic measures to promote circular economy

Vietnam needs to drastically raise measures to promote the development of circular economy in order to take up opportunities for accelerating socio-economic growth and promoting sustainable development.
Vietnamese Party General Secretary, State President meets with Cuban top legislator

Vietnamese Party General Secretary, State President meets with Cuban top legislator

General Secretary of the Communist Party of Vietnam (CPV) Central Committee and State President To Lam and President of the National Assembly of People's Power of Cuba Esteban Lazo Hernandez shared the view on contributions of the legislatures to relations between the two Parties, States, and people of Vietnam and Cuba at their meeting in Havana on September 26 afternoon (local time).
Mobile Version