200,000 university graduates are jobless; who is to blame?
Educators argue that it is unreasonable to blame the education sector for the high number of unemployed university graduates.“This is a misconception. Vietnam now runs a market economy and you must not expect the number of university graduates to be exactly equal to the number of workers ordered like in a centralized economy,” said Tran Phuong, rector of the Hanoi Business and Technology University. Dinh Ngoc Hien, president of Thanh Tay University, also said that one must not blame the educational system for the high unemployment rate. He said ‘worker abundance and job deficiency’ should be explained by the fact that Vietnam’s economy does not create enough jobs for university graduates. The investors target the low labor cost in Vietnam, so there are not enough jobs for workers with high education level.
