The Truth about Middle Management Skills in Vietnam

The future for Vietnam looks bright. However, many surveys have come out uncovering the realities that Vietnam labor market is lacking of ‘modern skills”.

The Country
The young and ambitious emerging economy, Vietnam is experiencing some of the highest growth rates around the world and in South East Asia. Blessed with rich natural resources and beautiful landscapes, the country has been getting investment in higher added-value sectors such as electronics and high-tech manufacturing.
According to McKinsey, current high-growth areas include manufacturing, tourism, services, advertising, IT, and entertainment.  The future for Vietnam looks bright. However, many surveys have come out uncovering the realities that Vietnam labor market is lacking of ‘modern skills”. Reputable companies such as PwC, TNS, Manpower Group, and McKinsey Vietnam take turns identifying the missing link between what employers are looking for and what the market has to offer. 
The Pain 
Poor soft skills: communication, creativity and innovation, leadership.
Lack of industry knowledge: health care, telecoms, retail, construction, logistics, chemicals.
Insufficient management skills:  general management, ability to allocate resources, long-term planning, strategic and global thinking.
A significant reason for concern is the growing skills gap in the key middle management class. The General Manager of a 4-star hotel who wished to remain anonymous acknowledged that, in some cases, the impressive title on the business card was more of an aspiration rather than a reflection of the employee’s current skills set. Considering the situation, it is not surprising that, according to a PwC study, coaching competitors’ key people has become the norm with as many as 70% of banks engaging in this type of recruiting.  Although attractive in the short term, raiding competitors’ ranks is not really a sustainable way to grow the talent pool.
Going forward
But all is not bleak. To close the gap, a variety of short courses and intensive programs are available in the market. Also tailored in-house training programs are popular to organizations. Universities, institutes major in business are adding more soft skill programs to their syllabus to get students prepared for real working life after graduation.

Source: vietnamworks.com/press-corner/detail/the-truth-about-middle-management-skills-in-vietnam

By Nguyễn Oanh on Dec 25, 2014 2:36:11 PM

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