The Asian Development Bank (ADB) will provide Vietnam with 70million USD to further improve its workers’ skills.
In its pressrelease on July 16, the Manila-based financial institution said theloan, from its concessional Asian Development Fund, will go to theVietnam Skills Enhancement Project, which is designed to offer qualitytraining programmes in priority industries, in partnership with theprivate sector.
The ADB said Vietnam ’s driveto improve vocational training to address a worsening shortage ofskilled workers in key areas of its economy is getting its support.
ThoughVietnam has posted impressive gains in growth and poverty reductionover the past 20 years, the country is struggling to meet the demandfor qualified technical workers to serve its industrialisation.
Accordingto ADB, just 13 percent of the employable workforce in Vietnam hasvocational qualifications.
Therefore, the project will fundtraining programmes in public and private vocational colleges in theautomotive technology, electrical and mechanical manufacturing,hospitality and tourism, information and communication technology, andnavigation and shipping industries – all of which currently lacksufficient skilled workers.
It will provide management andinstructor training to upgrade skills and improve planning andallocation of resources, and will also help develop new curricula andtraining materials, with support from the industries.
The ADBsaid the Ministry of Labour, Invalids and Social Affairs will beexecuting the project which is expected to be completed by August 2015.
Around24,000 students are expected to benefit from the programme, with about25 percent of them being women and members of ethnic minority groups./.
In its pressrelease on July 16, the Manila-based financial institution said theloan, from its concessional Asian Development Fund, will go to theVietnam Skills Enhancement Project, which is designed to offer qualitytraining programmes in priority industries, in partnership with theprivate sector.
The ADB said Vietnam ’s driveto improve vocational training to address a worsening shortage ofskilled workers in key areas of its economy is getting its support.
ThoughVietnam has posted impressive gains in growth and poverty reductionover the past 20 years, the country is struggling to meet the demandfor qualified technical workers to serve its industrialisation.
Accordingto ADB, just 13 percent of the employable workforce in Vietnam hasvocational qualifications.
Therefore, the project will fundtraining programmes in public and private vocational colleges in theautomotive technology, electrical and mechanical manufacturing,hospitality and tourism, information and communication technology, andnavigation and shipping industries – all of which currently lacksufficient skilled workers.
It will provide management andinstructor training to upgrade skills and improve planning andallocation of resources, and will also help develop new curricula andtraining materials, with support from the industries.
The ADBsaid the Ministry of Labour, Invalids and Social Affairs will beexecuting the project which is expected to be completed by August 2015.
Around24,000 students are expected to benefit from the programme, with about25 percent of them being women and members of ethnic minority groups./.
