Dec 24, 2012

Vietnam - No more finance, banking majors in 2013, rules ministry

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Vietnam will ban higher learning schools from adding finance-banking, business administration, and accounting majors to their current training programs, starting next year, according to the education ministry.

Graduates in these disciplines are now in surplus, Pham Vu Luan, Minister of Education and Training, explained at a conference on workforce planning Tuesday in Hanoi.

Luan said the Ministry of Education and Training (MoET) will suggest the Prime Minister impose a ban on the establishment of any new university specializing in finance – banking, business administration, and accounting.

His ministry will announce areas that currently need a large workforce, he added.

Deputy Prime Minister Nguyen Thien Nhan suggested that MoET should work out a plan to provide jobs to unemployed college graduates by next June, and that the ministry should set up a website specifically for jobseekers who graduate from a university or graduate school in a foreign country.

MoET has assigned particular educational institutions to start training next year 1,400 selected students who will take up core governmental positions in provinces and cities in the Northwest, Central Highlands, and Mekong Delta regions.

Vietnam will have to add 1.86 million skilled jobs each year from now until 2015, according to a report released by the Ministry of Labor, War Invalids, and Social Affairs, which said that the addition will rise to 2.18 million annually between 2016 and 2020.


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