Skilling Up Vietnam for A Modern Market Economy

SKILLING UP * VIETNAM Preparing the workforce for a modern market economy BOOK STORE HPT KIÊNTRUNG THE VIETNAMESE URBAN LABOR FORCE BUT VIETNAM IS FACING A SKILLS GAP AND A SKILLS SHORTAGE HAS STRONG LITERACY SKILLS 83% 80% YUNNAN CHINA SRI LANKA VIETNAM 41% 40% BOLIVIA 95% 99% 86% 84% Lack 16% 14% of LAO PDR applicants 67% Applicants lack required skills > THE LABOR FORCE PASSES THE READING TEST « Professionals Technicians Craftsmen SKILLS SET DEMANDED BY EMPLOYERS Creative and critical thinking, verbal ability, numeracy, problem solving, memory and mental speed COGNITIVE SOCIAL AND BEHAVIORAL Soft skills, social skills, life-skills, personality traits TECHNICAL Skills related to a specific occupation THE MOST IMPORTANT SKILLS REQUIRED BY EMPLOYERS IN VIETNAM JOB-SPECIFIC TECHNICAL SKILLS JOB-SPECIFIC TECHNICAL SKILLS COMMUNICATION LEADERSHIP PROBLEM SOLVING PROBLEM SOLVING TEAM WORK CREATIVE AND CRITICAL THINKING ABILITY TO WORK INDEPENDENTLY COMMUNICATION Blue-collar White-collar THREE STEPS IN SKILLS DEVELOPMENT COGNITIVE AND BEHAVIORAL FOUNDATIONS EMPLOYABILITY SCHOOL READINESS Demand-driven vocational and higher education More and better primary and secondary schooling Early childhood development and education A WELL-CONNECTED SYSTEM FOR SKILLS DEVELOPMENT EMPLOYERS STUDENT AND PARENTS BETTER INFORMATION EDUCATION AND TRAINING PROVIDERS RIGHT INCENTIVES ENHANCED CAPACITY www.worldbank.org/vn www.facebook.com/worldbank THE WORLD BANK www.twitter.com/worldbankasia Source: Vietnam Development Report 2014 Skilling Up Vietnam: Preparing The Workforce For A Modern Market Economy Iull וו וו 1 ו וו lו lוווויווןווו ןוווו ווו11