Vietnam will have 13,000 graduates in finance-banking who cannot secure
a job in the next four years, according to a report cited last month by the
Ministry of Finance.
The report also showed that
around 32,000 finance-banking majors will graduate in 2013, but only 20,000 of
whom will be able to escape unemployment.
Given this scenario, the Ministry
of Education and Training (MoET) has just announced it will ban higher learning
schools from adding finance-banking, business administration, and accounting
majors to their current training programs, starting next year.
Minister Pham Vu Luan said that
his ministry will also suggest the Prime Minister impose a ban on the
establishment of any new university specializing in these disciplines.
Graduates in economics-related
majors, including finance-banking, business administration, and accounting, are
now at a surplus, according to the ministry.
MoET statistics reveal that last
year almost 60 percent of the country’s 416 universities and junior colleges offered
one of the four following majors: economics, business administration,
finance-banking, or accounting.
Quotas for these areas then
accounted for more than one-third of the total registered enrollments, MoET
said, adding that in absolute terms the percentage would double the workforce
planned for these fields.
They made up as much as 50
percent of the planned numbers at many universities and junior colleges this
year, according to figures collected by Tuoi Tre.
Even those universities
specializing in such unrelated majors as agriculture, forestry, and technical
disciplines also run economics-related courses and see them as their core
teaching activities, Bui Van Ga, Deputy Minister of Education and Training,
said.
Tran Huu Vien, president of the
Hanoi-based Vietnam Forestry University, disclosed that enrollments in
economics, accounting, and business administration often occupy half of the
total enrollees at his school each year.
“We recruited around 300 students
for undergraduate courses in accounting this year, while our total quota was
800,” said Doan Van Thanh, vice president of the Quang Ninh University of
Industry.
TUOI TRE
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