Vietnam has been ranked 75 among 93 countries in the Global Talent Competitiveness Index, which measures a nation’s performance based on the quality of talent it can produce, attract and retain.
According to the new study, Vietnam scores relatively high in global knowledge skills despite its low performance in developing the country’s own talent via formal education.
The study, which focuses on the theme of "growing talent for today and tomorrow", was produced by INSEAD, an business school, in collaboration with the Human Capital Leadership Institute of Singapore and Swiss human resources company Adecco.
“As the economy is recovering, firms both local and international in Vietnam are in need of skills," said Nicola Connolly, country manager of Adecco Vietnam and chairwoman of the European Chamber of Commerce in Vietnam (EuroCham).
"Even though the talent pool is not large, Vietnam is good at employing its existing talent and higher skills in innovation activities and entrepreneurship.
“However, its key challenge lies in growing new talent, as Vietnam does not perform well in terms of formal education and lifelong learning, thus creating a wider skill gaps moving forward,” Connolly said.
Vietnam was ranked 82 among 103 countries in the previous study.
This year Switzerland has topped the list, followed by Singapore and Luxembourg.
The 93 surveyed countries represent 83.8 percent of the world’s population and 96.2 percent of the world’s gross domestic product.