Banking Sector Lacks Skilled Staff
Most commercial joint stock banks in Vietnam constantly face a shortage of skilled staff although the country witnesses thousands of economics, finance and banking graduates each year, State media said.
Both quantity and quality of the new candidates cannot meet the requirement of local banks. The quality of candidates with master’s degree standard in Vietnam also remains low.
“Universities only focus on providing basic knowledge, not giving practice and reality to students,” said general director of the Asia Commercial Bank (ACB) Ly Xuan Hai.
Banks, therefore, must spend about six months to train newly graduated candidates if they want to use them.
ACB injected VND3 billion (US$189,873) to educate 700 new staff in 2005, excluding the salary that the bank paid to them.
When Vietnam joins the WTO, the shortage will be worse and a scramble for talent may occur among big companies in Vietnam, according to local experts.
Vietnam now has five state-owned commercial banks, 37 joint stock banks, 28 foreign banks and five joint ventures.
Young People
Vietnamese
