Vietnam's recent graduates find no value in diplomas

Thanh Nien News

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Many college and university graduates in Vietnam have had to put their dreams aside and to earn a living.
Tuoi Tre newspaper recently revealed that many new graduates have struggled to find jobs at vocational centers around Ho Chi Minh City, for lack of available offers.
Huynh Thi Thuy Hang, a beer promotion girl at a restaurant in District 9, graduated with a finance and banking diploma last year.
Hang said she sent her CV to different places but never got a response.
Another promotion girl named Nguyen Thi Minh Thuy also has a business administration diploma that has gotten her nowhere.
Many diploma-holding vendors at a night markets around a complex of national universities on the outskirts of the city have earned it the name “intellectual market.”
Nguyen Nhu Cam, who sells clothes at the market, said she studied urban management at the private Hong Bang International University, but she still can't find a relevant job.
“I was doing paperwork for a company but the payment was low, so I quit, and started to sell clothes here.
“I don’t know when I will be able to find a job in my field of study. It’s so difficult to find one these days.”
Figures released last December by the General Statistics Office showed the unemployment rate among Vietnamese university graduates rose to nearly 10 percent, around four-fold the average rate.
Officials blame it on employer pickiness or on the fact that their training did not suit market demands, especially amid an economic slump.

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