Foreign investors interested in Vietnam's future workforce

Vietnam's assessment of future employment trends and how Vietnam is preparing for its workforce to respond to such trends are issues attracting attention from foreign businesses at the ongoing Singapore Apex Business Summit (SABS) 2022.

Vietnamese Ambassador to Singapore Mai Phuoc Dung speaks at the debate on March 23.

Vietnamese Ambassador to Singapore Mai Phuoc Dung speaks at the debate on March 23.

At a debate in the framework of the summit on March 23 themed “A look into the future of jobs and skills in ASEAN to capture business opportunities”, Vietnamese Ambassador to Singapore Mai Phuoc Dung said Vietnam has become an attractive destination for foreign investors, and multi-sectoral corporations in the country are also growing stronger, so the demand for highly skilled and trained workers in Vietnam is increasing day by day.

Regarding future employment trends, Vietnam has a great demand for skilled technicians or middle- and high-level managers in industries, namely electronics and semiconductors, information technology, banking, finance, energy and marine economy, Dung said.

For Vietnam’s preparations, the diplomat said foreign companies highly valued Vietnamese workforce for their working ability and quickness in learning new skills.

However, the ambassador noted that Vietnam also faces challenges to have a large enough skilled workforce to meet the high demand for its economic development in the future. The ratio of skilled workers in Vietnam only accounts for 26.1% of the labor force, he added.

Therefore, Vietnam's socio-economic development plan in the next five years has emphasised the importance of building high-quality human resources, considering it one of Vietnam's top priorities for development in the coming time.

Vietnam aims to have 75% of its workforce to be trained by 2030, of which 40% granted with certificates. Vietnam will also support digital and technology transformation for small and medium-sized enterprises, which account for 96% of the total number of enterprises and employ 47% of the labour force in the country, Dung revealed.

Sharing his views on how ASEAN should cooperate on jobs and skills in the future, Dung said that the bloc currently has a mechanism to convene ASEAN labour ministers every two years, which has been implemented effectively over the past several decades, contributing to enhancing intra-bloc coordination and efforts in terms of labour market information, skills development and recognition, and increasing labour productivity.

The potential for cooperation remains huge to ensure the smooth transformation in the region in this field, he stressed.

VNA

Other News

SBV raises short-term capital lending cap to 40%

SBV raises short-term capital lending cap to 40%

The new circular will help credit institutions have more room to provide capital to businesses and investment projects to support high economic growth in the next few years, while increasing flexibility in the SBV’s monetary policy management.

Business confidence in Vietnam rebounds strongly: UOB

Business confidence in Vietnam rebounds strongly: UOB

The study found that 85% of Vietnamese enterprises reported positive business sentiment, a sharp increase from 48% in 2025, when business confidence was weighed down by uncertainties surrounding US tariff policies and related trade developments.

Bac Ninh seeks high-quality foreign investment for sustainable growth

Bac Ninh seeks high-quality foreign investment for sustainable growth

According to Vice Chairman of the provincial People’s Committee Pham Van Thinh, the province aims to maintain stable and sustainable growth, improve the competitiveness of both the economy and local businesses, and make better use of free trade agreements (FTAs) to expand and diversify export markets.

Green building trend flourishes in Ho Chi Minh City's real estate landscape

Green building trend flourishes in Ho Chi Minh City's real estate landscape

The International Finance Corporation (IFC) highlighted the city's dominance in green-certified building floor space in Vietnam, reflecting the rapid expansion of the green building market with 780 completed green buildings encompassing over 18.69 million sq.m by 2025, predominantly certified by EDGE and LEED.

UK supports Vietnam in wind power and green finance development

UK supports Vietnam in wind power and green finance development

The United Kingdom officially announced two new climate cooperation initiatives to support Vietnam in its energy transition and green growth journey. These programs focus on offshore wind power development and the creation of a sustainable green financial ecosystem.

Ample room remains for Vietnam–India logistics cooperation

Ample room remains for Vietnam–India logistics cooperation

The GTTCI expert noted that alongside logistics and integrated warehousing, e-commerce is expected to be a particularly high-growth sector in the coming years. He described it as a multi-billion-dollar market with significant untapped opportunities for cooperation between Vietnam and India.

Exports gain momentum from high-tech growth drivers

Exports gain momentum from high-tech growth drivers

According to the Ministry of Industry and Trade, Vietnam’s exports reached 215.66 billion USD in the first five months of 2026, up 19.5% year-on-year. Twenty-six export items generated more than 1 billion USD in revenue each, including seven with turnover exceeding 10 billion USD.

Vietnam–China crossings see spike in ASEAN fresh produce

Vietnam–China crossings see spike in ASEAN fresh produce

Since the start of the summer harvest season, China's two major border gates with Vietnam, Youyi Guan in Pingxiang and Beilun 2 Bridge in Dongxing, have entered their peak period for handling imports of fresh agricultural and seafood products from member states of the Association of Southeast Asian Nations (ASEAN).

Cargo handling operations at Berths 3 and 4 of the Hai Phong International Gateway Port. (Photo: VNA)

AI reshapes logistics, raising bar for workforce skills

According to the Vietnam Logistics Business Association (VLA), the logistics sector will require around 2.2 million workers by 2030, including 1.6 million employees for logistics service providers and nearly 600,000 personnel supporting logistics operations in manufacturing and trading enterprises.

Robust dispute resolution framework key to Vietnam's IFC ambitions

Robust dispute resolution framework key to Vietnam's IFC ambitions

The development strategy for VIFC-HCMC envisions a comprehensive financial ecosystem encompassing green finance, carbon credits, financial technology (fintech), blockchain technology, digital assets, digital banking and other innovative business models. These highly internationalised sectors involve complex cross-border transactions and sophisticated legal structures.