Current Skilled Labour Shortage in Vietnam

Abstract

This paper aims at analysing Vietnam’s current shortage of skilled labour and assesses the causes of this shortage. Some of the reasons include insufficient training with an educational approach, the lack of technology infrastructure, low investments in research and development (R&D) due to a mismatch between supply and demand. Finally, the paper gives some recommendations for policy implementations and solutions to improve Vietnam’s skilled labour market. These solutions focus on the training and education system, vocational training and on strengthening partnerships between firms and universities, and attracting highly skilled Vietnamese labour forces from abroad to return home.