At the event (Photo: VNA) Vinh Phuc (VNA) - Vinh Phuc province must improve the quality ofits educational and training system to attract more foreign investment, heard aconference on November 27.
According to EuroCham and AmCham, quality of human resources is the biggestchallenge for the province and Vietnam in general to luring more foreigninvestment.
Marko Walde, chief representative of the Delegate of German Industry andCommerce in Vietnam (AHK Vietnam), said German companies and European investors“need people with proper vocational training” in mechanics, electronics andother industrial production fields.
The lack of skilled workers is a challenge for European companies when comingto Vietnam, he said. Other challenges include business environment,infrastructure, traffic, power supply and the weakness of Vietnamese companies.
As German firms invest in long term of 25-30 years with top equipment andfacilities, they need high-quality and skilled labour to operate factories andthat is a big challenge in Vietnam, he added.
He suggested provincial authorities improve the business environment bystrengthening local companies and developing vocational training centres.
The American Chamber of Commerce in Vietnam’s Vice Chairwoman Virginia Footealso stressed US companies want to have a more intense relationship withVietnamese partners on the occasion of AmCham’s 25th anniversary in earlyNovember.
Noting Vietnam has been successfully developing its export-based economy inagriculture, clothing and footwear, she asked what would be the next step for theSoutheast Asia economy in the age of Industry 4.0.
The importance of the labour force being as industrial and plentiful as it isto get the next generation ready to attract investment in engineering, scienceand technology, she said.
American companies and other foreign investors expect the Vietnamese educationsystem to link with technology development, she added.
It is not easy for Vietnam to produce world-class vocational school andequipment, Foote said, adding “vocational schools can link up with foreigncompanies” to determine what kinds of training and research are needed to helpthe economy grow.
Chairman of the provincial People’s Committee Nguyen Van Tri on the same day signeda memorandum of understanding (MoU) with the Delegate of German Industry andCommerce in Vietnam (AHK Vietnam), the American Chamber of Commerce in Vietnam(AmCham) and the European Chamber of Commerce in Vietnam (EuroCham) to attractinvestors from Germany, Europe and the US.
According to Tri,there are 752 domestic investment projects in the province with total investedcapital of 78 trillion VND (3.3 billion USD) and 376 foreign direct investment(FDI) projects with total capital of more than 5 billion USD.
Only 3 percent of all FDI projects in the province belong to European and USinvestors with capital of 170 million USD.
Some successful investors in the province include vehicle manufacturers Toyota,Honda and Piaggio, animal feed producer De Heus and Vietnamese firm Vingroup./.
According to EuroCham and AmCham, quality of human resources is the biggestchallenge for the province and Vietnam in general to luring more foreigninvestment.
Marko Walde, chief representative of the Delegate of German Industry andCommerce in Vietnam (AHK Vietnam), said German companies and European investors“need people with proper vocational training” in mechanics, electronics andother industrial production fields.
The lack of skilled workers is a challenge for European companies when comingto Vietnam, he said. Other challenges include business environment,infrastructure, traffic, power supply and the weakness of Vietnamese companies.
As German firms invest in long term of 25-30 years with top equipment andfacilities, they need high-quality and skilled labour to operate factories andthat is a big challenge in Vietnam, he added.
He suggested provincial authorities improve the business environment bystrengthening local companies and developing vocational training centres.
The American Chamber of Commerce in Vietnam’s Vice Chairwoman Virginia Footealso stressed US companies want to have a more intense relationship withVietnamese partners on the occasion of AmCham’s 25th anniversary in earlyNovember.
Noting Vietnam has been successfully developing its export-based economy inagriculture, clothing and footwear, she asked what would be the next step for theSoutheast Asia economy in the age of Industry 4.0.
The importance of the labour force being as industrial and plentiful as it isto get the next generation ready to attract investment in engineering, scienceand technology, she said.
American companies and other foreign investors expect the Vietnamese educationsystem to link with technology development, she added.
It is not easy for Vietnam to produce world-class vocational school andequipment, Foote said, adding “vocational schools can link up with foreigncompanies” to determine what kinds of training and research are needed to helpthe economy grow.
Chairman of the provincial People’s Committee Nguyen Van Tri on the same day signeda memorandum of understanding (MoU) with the Delegate of German Industry andCommerce in Vietnam (AHK Vietnam), the American Chamber of Commerce in Vietnam(AmCham) and the European Chamber of Commerce in Vietnam (EuroCham) to attractinvestors from Germany, Europe and the US.
According to Tri,there are 752 domestic investment projects in the province with total investedcapital of 78 trillion VND (3.3 billion USD) and 376 foreign direct investment(FDI) projects with total capital of more than 5 billion USD.
Only 3 percent of all FDI projects in the province belong to European and USinvestors with capital of 170 million USD.
Some successful investors in the province include vehicle manufacturers Toyota,Honda and Piaggio, animal feed producer De Heus and Vietnamese firm Vingroup./.
VNA
