He cited a survey that found about 57% of enterprises having difficulty in recruiting high-quality human resources. While cheap labor can attract investors, Vietnamese workers will struggle to adapt when foreign enterprises deploy new production technologies. Son emphasized that the cheap factor is both an attraction and a weakness. The average income of Vietnamese workers is about $300, much lower than workers in the region ($1,992) and the world ($2,114), he said. Skilled workers accounted for just 11.6% of the total and only 5% are fluent in English, which is quite a limitation when competing with workers in the region. Vietnam’s workforce had doubled from 27 million in 1986 to 51.4 million by the end of the second quarter of 2022.Ĭiting recent studies, Nguyen Xuan Son, Operations Director of Manpower Group Vietnam, said only 8.96% of Vietnamese workers have the ability to work remotely at a time this trend was on the rise. This limitation makes it challenging for Vietnamese workers in the wake of the Covid-19 pandemic and job displacement, while the nation’s safety net is not strong enough to handle the risks they face. While the country's population is in the "golden age," the number of skilled and qualified workers remains low at 26%, which becomes problematic in the context of the country being the third largest recipient of foreign direct investment (FDI) in the region, it said at a Saturday conference on labor market development.
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