Despite graduating from universities with good grades, Vietnamese students are always criticized for lacking practical skills.
This issue has long been considered one of the big shortcomings of the country's education system, despite educators' recent efforts to reform it.
At a recent meeting discussing the training and recruitment of staff for the finance and accounting field in Hanoi, Trinh Quang Anh, director of Maritime Bank Training Center, said 43 percent of his staff held Masters degrees, while the others had university degrees.
However, according to Anh, they are equipped with too much academic knowledge and not enough practical skills, so it ends up they can't apply their knowledge when doing their jobs.
Meanwhile, Bui Thu Trang, manager of Comin Vietnam's Finance and Administration Department, blamed schools for failing to design reasonable training programs.
For instance, students majoring in finance and banking are required to complete only 39 credits of their majors out of a total of 135 credits, she cited.
This means students learn about their majors for around one year in a four-year course, Trang said.
Not to mention that the skills of a Masters degree holder graduating from one of Vietnam's leading economics schools fall below the requirements set by an international institute of accounting and auditing training, the manager stressed.
But it's not solely the fault of the education system.
Dang Van Thanh, the dean of Hanoi University of Business and Technology's Accounting Department, said between 70-80 percent of the school's students were refused internships from companies.
He said some students who were granted an internship mainly did jobs like making tea and cleaning and that they received almost no instruction or practical knowledge from companies.
Businesses are the ones who need to recruit students, so they are supposed to take part in training them, the dean said.
It's time the two parties came together to solve the problem effectively, or the education system will keep on struggling in vain, while companies continue to suffer from a lack of good human resources.