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The Demand Of Working Skills At FDI Manufacturing Businesses Report

The Demand Of Working Skills At FDI Manufacturing Businesses

The year 2020 marked an important milestone in the socio-economic situation of Vietnam when Covid-19 affected around 93% the world’s population.

According to Vietnam’s General Statistics Department 1, by December 2020, more than 32 million Vietnamese people aged 15 onwards were adversely affected by the pandemic, including suffering from unemployment, reduction on working hours, income reduction and other adverse impacts.

As a country with considerable economic openness and international integration, Vietnam, though being significantly affected by the pandemic, the manufacturing and processing industry continued to play a key role in leading the country’s economic growth with 5.82% growth rate, contributing 1.25 percentage points to the annual GDP.

Across the globe, the pandemic and the industrial revolution 4.0 have led to dramatic changes in the global workforce skills. According to 2021 Skills Revolution Reboot report 2 announced by ManpowerGroup at Davos World Economic Forum, Switzerland in Jan 2021, the most digitalized businesses have been creating the most jobs - 86% of employers that are automating plan to increase or maintain their headcount, compared to just 11% of employers who plan to reduce or hold plans to automate.