In the face of the global economic downturn, how might harnessing the untapped potential of ethnic minority youth not only build a more equitable and sustainable Vietnam, but also accelerate the country’s economic recovery?
Back in May, a report from the World Bank highlighted that one key area Vietnam will need to address to achieve its goal of becoming a high-income economy by 2045 will be human capital investment.
Already, according to the report, half of the country’s firms see a shortage of workers with advanced cognitive, technical and socio-behavioural skills as a major barrier to their business expansion. «This will lead to improved reading outcomes in national languages later in school, thus reducing one of the contributing factors of dropouts and is the priority in the new state curriculum until 2030,» Huong said.
For farmer and father-of-three Cu A Chu, seeing his children finish secondary school is his highest priority. Aide et Action Vietnam’s project manager Trung Truong says that his organisation’s latest EU-backed project will also offer much-needed market-oriented experience through providing links with the private sector.
«Vocational training, apprenticeships, and entrepreneurship initiatives are key to giving ethnic minority youth more opportunities to participate in the economic and social growth of their provinces as labour pool naturally shrinks due to ageing,» said Trung.
We have a saying in Vietnam … if you are not the child of the King, you cannot become the King. It means if you don’t have the money or connections, you cannot surpass your social class
This article was written by CHRISTINE REDMOND
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