VN ranks 86th in Talent Competitiveness

(VNF) Vietnam has been ranked 86th out of 118 countries in the annual Global Talent Competitiveness Index, which measures how countries grow, attract and retain talents.

(VNF) - Vietnam has been ranked 86th out of 118 countries in the annual Global Talent Competitiveness Index (GTCI), which measures how countries grow, attract and retain talents.

GTCI, started in 2013, is an annual research conducted by INSEAD, one of the world’s leading business schools, the Human Capital Leadership Institute of Singapore and Switzerland-based workforce solutions provider Adecco Group. GTCI provides data and analysis to help decision maker deal with developing talents, overcoming mismatches and increasing competitiveness in the global marketplace.

The latest GTCI report analyzes the effects of technological changes on talent competitiveness, arguing that while jobs at all levels continue to be replaced by machines, technology is also creating new opportunities.

According to the report, Vietnam scores relatively better in global knowledge skills, for instance, using the available higher skills in fueling innovations and entrepreneurship. However the country is struggling to attract talents and improve employee’s vocational and technical skills.

The current situation is considered a “mixed readiness in all aspects of the talent readiness for technology” – stated Andree Mangels, general director of Adecco Vietnam.

The chief executive of the Swedish manpower solution firm also spoke highly about new technology and platforms that disrupted the traditional norms credited to the young Vietnamese entrepreneurs.

VN ranks 86th in Talent Competitiveness

Illustrative photo: Young staff of Lozi - a well-known startup in Vietnam (source: facebook)

On the other hand, Andree pointed out the change Vietnam needs to work on, in order to realize the goal of becoming a start-up nation by 2020. From his viewpoints, the country needs to strengthen the link between classroom and boardroom “where education provides not only practical curriculum based on the economy’s needs, but also allows the learners to develop creativity and soft skills."

In the ranking board this year, Switzerland and Singapore secure the top two places, following by the UK and the US.

High ranking countries, according to the report, share key traits in areas such as: educational systems that meet the needs of the economy, manpower policies that favour flexibility, mobility and entrepreneurship, and strong connections among stakeholders in business and government./.

( VNF/VNA )

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