M&A has been and will continue to be the major investment trend in Vietnam’s educational sector in the time to come, according to Troy Griffiths, deputy CEO of Savills Vietnam.

Between 70 and 80 percent of the unemployed are junior college (3-year training) or university (4-5 year training) graduates.

VietNamNet Bridge - Some businesses and IT schools are cooperating on a voluntary basis or through agreements, but there is no clear policy that would allow them to work together to produce high quality staff.

Vietnamese are the second largest community of expat workers in Japan, which employs 1.28 million foreign workers, just after China. 

Nguyen Huu Thai Hoa, chair of the board of directors of IBosses Program in Vietnam, at the launch ceremony of the Vietnamese version of the book ‘IBosses – The Rise of Gen Y entrepreneurs’ commented that Vietnam is in ‘startup chaos’.

VietNamNet Bridge - Many new graduates are too demanding, are hesitant to work overtime, and lack soft skills and foreign language skills, recruiters say.

Many graduates with bachelor’s are attending vocational schools because they have been unable to find jobs. 

VietNamNet Bridge - Some Vietnamese companies have confirmed they are willing to offer monthly pay of $2,000 to new university graduates.

VietNamNet Bridge -  As the number of enrichment training classes have been increasing, class organisers are making big profits. But students are losing money.

VietNamNet Bridge - About 400,000 students finish universities every year, but most of them cannot satisfy employers and they need to undergo retraining at their place of work. 

Official reports show the percentage of unemployed young people in urban areas is higher than in rural areas and the proportion of unemployed workers with bachelor’s degree or other higher education degrees is higher than untrained workers.

VietNamNet Bridge – Vu Thi Thanh Lieu, deputy director of the Ha Noi Centre for Employment Service, spoke to Kinh te & Do thi newspaper about college graduates struggling to find employment.

VietNamNet Bridge - Nearly 200,000 workers with bachelor’s and master’s degree were unemployed as of the end of the second quarter of the year, as shown in MOLISA’s latest bulletin.

VietNamNet Bridge - Ten years ago, experts warned about the oversupply of workers with bachelor’s degrees but their admonitions were ignored. 

 VietNamNet Bridge – As the unemployment rates of graduates keep rising, officials are blaming unbalanced training courses and the low quality of graduates.

 VietNamNet Bridge – Nguyen Thi Kim Phung, acting director of the Higher Education and Training Department, spoke to Tien Phong (Vanguard) newspaper about recruiting new students.

VietNamNet Bridge - Local government officials have recently been found using counterfeit secondary and high school degrees.

A young man, introducing himself as a new university graduate and a young father who needs money to buy milk for child, was seen standing on a Hanoi street with a board in his hands, showing that he wanted a job.

VietNamNet Bridge - Many students are unhappy even though they have successfully enrolled in universities, because they have to follow subjects of learning for which they have no passion.