VietNamNet
Bridge – Business schools are the
targets of many [ Vietnamese students, who believe that the finance &
banking sector can offer better job opportunities. But they are wrong.
Supply:
29,000, demand: 17,000
Can Van
Luc, Deputy General Director of the Bank for Investment and Development of
Vietnam (BIDV), gave surprising figures: Vietnam produces 29,000 new finance
& banking bachelors every year, while businesses recruit only 17,000. This
means that 12,000 new graduates cannot find jobs in their trained majors.
Regarding
the qualification of new school graduates, Luc said his bank could find 200
workers from the 7,000 candidates.
“In
general, the competition ratio is 1:35, which means that the bank interviews five
candidates to find one employee,” he said.
“They
(the candidates) lack soft skills, including communication skills, do not turn
up at interviews punctually, wear unsuitable attire and even forget their
registration numbers,” he added.
Luc
also complained that the English skill of many candidates is very poor. BIDV
employs workers based on the marks candidates have. 70 percent of the marks are
reserved to assess professional knowledge, while the other 30 percent to assess
English proficiency.
“Candidates
from Hanoi and HCM City tend to have advantages over students from rural
provinces in English skills,” he said.
Commercial
Director of Marsh Vietnam Vu My Lan noted that there is no connection between
training establishments and businesses. In the insurance sector, for example,
schools now mostly produce graduates with skills related to social and
healthcare insurance, while the commercial insurance sector cannot find
suitable candidates.
Who
will be recruited, qualified or VIPs?
However,
many university students reject the assertion that thousands of bachelors
remain unemployed because of their lack of soft skills or poor professional
knowledge.
“The
problem lies in the current recruitment mechanism,” Han Thu Thoa, a law school
graduate, said.
According
to many students, the order of priority set up by businesses when selecting
candidates for employment is as follows: 1) family members of VIPs of the same
businesses, 2) those with relations with VIPs at state management agencies, 3)
those who enter through the “back door”, paying to money to “buy” jobs, and,
finally, 4) those with good professional knowledge.
“This,”
Thoa said, “explains why business owners keep complaining that they have to
retrain new workers to help get them adapted to the job: they put relations
before qualification.”
The
director of a privately run business admitted that he prefers candidates with
close relations with VIPs to inexperienced new graduates, because good
relations with VIPs can bring good contracts.
Luc
from BIDV agreed that having good relations with VIPs can be a big advantage
for candidates in many cases. A recent survey has found that 58 percent of
businesses believe relations play a very important role in their businesses.
However,
Luc said the above said priority order must not be the principle for
businesses, or they will collapse in the future because they cannot recruit
good talent.
Ngan
Anh
Business & Investment Opportunities
Saigon Business Corporation Pte Ltd (SBC) is incorporated
in Singapore since 1994.
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