11% of 56 million people in Vietnam’s workforce have high skills

From Vietnam’s workforce of approximately 56 million people, about 11% of them have high skills.

Ministry of Labor-Invalids and Social Affairs and ManpowerGroup Vietnam just hosted a conference in Hanoi, which aimed to list the problems and the trends in the labour market and suggest skills for the young generation.

In the conference Deputy Minister Diep affirmed the government’s priority of developing the new skills for Vietnamese workers, in order to ease the integration to the world and adapt to Industry 4.0.

Last week, a report from the Central Institute for Economic Management (CIEM) stated that Industry 4.0 has the potential to boost Vietnam’s economic output by a further USD 28.5-62.1 billion, equivalent to the GDP growth of 7-16% by 2030.

ManpowerGroup Country Manager, Vietnam, Thailand and Middle East, Simon Matthews, and representatives of businesses, vocational schools, and labour associations attended the conference.