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Economy
Jan 28, 2016 / 14:12

Steps creating momentum for economic integration

By Anh Kiet

Along with some comments on the economic situation in the country and the world stage of 2016 - 2020, the Political Report at the 12th Party Congress also pointed out the challenges and that the Party, State and People of Vietnam must overcome in the integration process.

This determination is based on the combination of the aggressive implementation and the strategic breakthrough with international commitments in depth when joining the new generation free trade agreement (FTA).
 
Automobile assembly plant at Ford Vietnam Co. Ltd.
Automobile assembly plant at Ford Vietnam Co. Ltd.
A few steps employers can take to guarantee they are hiring the right college graduates involve looking at and assessing a job applicant’s past experiences for indictors that would increase their soft skills. Internships, campus involvement and leadership positions in social and civic organizations all provide applicants more experience in dealing with people and complex situations. As such they are generally accepted as excellent indicators a graduate has more developed soft skills than one who missed out on these without these invaluable life experiences.

Other experts say Vietnamese workers’ soft skills are noticeably weaker than other regional countries like the Philippines, Thailand, Malaysia and Singapore and drastic measures must be undertaken to improve them. They cite an International Labour Organization (ILO) forecast indicating the number of jobs in Vietnam may increase by 14.5% as a result of the ASEAN Economic Community, but point out these jobs may go to workers from other countries due to lack of Vietnamese candidates possessing competent soft skills.

Investing in soft skills is vital for the competitiveness of the Vietnam economy they say, adding the country needs to produce a workforce that is adaptable, can problem-solve individually and in teams, and can communicate and sell their ideas. Vietnam local businesses are now operating in an increasingly competitive regional economy they say, and if the nation is going to succeed in this environment, reprioritising Vietnam’s approach to lifelong education and skills development is of paramount importance.

Meanwhile a survey by the online recruitment company, VietnamWorks, of 2,500 Vietnamese workers, showed 84% of them lack confidence in their ability to communicate in a foreign language. They felt that this factor alone, negatively affected their ability to negotiate a higher wage comparable to those with better language skills and a full 67% of them don’t believe they have the necessary soft skills to compete with foreign workforces in the ASEAN Economic Community.

The drastic implementation, breakthrough strategies and international commitments in the new generation FTAs ​​should be combined organically, even create conditions for them to have the greatest resonance to perform beyond level of the targets set in the period of 2016 - 2020. The accompanying and sustainable partnership between the state and enterprises are the linker and basic relations that should be built and effectively developed.

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