Vietnam risks facing severe labour shortages
Government and business leaders speaking at a recent forum in Ho Chi Minh City have said that Vietnam is at risk of running out of skilled machinists and other manufacturing workers over the next four to five years. At the conference sponsored by the HCM City Export Processing Zone and Industrial Park Authority, the speakers said the foreign sector is already experiencing difficulty in finding suitable factory workers. Tran Ngoc Cang, managing director of Renesas Design Vietnam operating out of the Tan Thuan Export Processing Zone, said of 150 recent applicants that sought employment at his company, only 15 were chosen. We found that nearly three-fourths of the applicants didn’t understand the required job skills— and about that same number were rejected because they couldn’t clearly articulate their abilities.
