The human resources requirements in the 4.0 era will be tougher

Nguyen Anh Nhuong Tong, chair of Yeah 1, revealed that a subsidiary of Yeah 1, with 40 workers, has been sold to a foreign group at the price of $80 million, just after two years of operation. 

The application of technology and innovation helped to upgrade the value of the media company.

ManpowerGroup estimates that by 2020 digitized businesses will have 26 percent more profit and 12 percent more market value than their rivals.

However, Truong Ly Hoang Phi, deputy chair of the HCM  City Young Business Association (YBA), pointed out that though he is well aware of the importance of innovation, small enterprises cannot carry out digital transformation.

The companies understand the importance of AI, blockchain and IoT, but cannot find senior workers who can use the technologies because of the lack of training establishments in the fields.

Simon Matthews, regional country of ManpowerGroup Vietnam, said IT workers and CTOs are among the top 10 groups of talents most wanted globally.

Managers of businesses need to have talents and skills to figure out business strategies and anticipate risks when changing personnel, equipment and technology for digital transformation.

They need to create new business models, understand new customers’ requirements, and build a workforce with new skills. They also need to seek training courses useful for themselves and their institutions.

Because of the lack of senior workers and specialists, many businesses have to hire foreign managers. Tong said foreign specialists are invited to work for the company to help domestic staff learn from them.

Nguyen Anh Vu, deputy CEO of VNG, said it is not easy to find and retain talent, though VNG is a large corporation. Many workers have left VNG for foreign companies or set up businesses of their own. 

A report found that 80 percent of workers who finished prestigious universities in Vietnam need retraining. VNG found that technology workers will work for companies which help them develop their talent. 

Hoang Minh Son, rector of the Hanoi University of Science and Technology said on Thoi Bao Kinh Te Viet Nam that human resources requirements in the 4.0 revolution will be much tougher. 

New university graduates, besides having a good attitude, need good digital knowledge in AI, mathematics and capacity to analyse Big Data. They should also have a good command of applied information technology.

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