Finance industry faces skills shortage
HCM City (VNA) – There is a huge increase in the demand for human resources in the financial and banking sectors every year, a demand the country’s education system is unable to cope with.More than 44 domestic banks and a rash of applications by foreign banks to set up shop meant the manpower demand is likely to go up by as much as 70 percent this year, analyst said.
VIBank increase its staff strength from 900 to 1,700 last year and Habubank plans to hire 400 new workers this year.
Nguyen Thi Quy, vice president of Ha Noi’s Foreign Trade University, said: “We predicted the massive demand from this sector but have no way of meeting it in a short time.”
The analysts added that university syllabuses should be more practical and tuned to the banking industry’s needs which evolved constantly.
Graduates from financial and banking universities were well-equipped in general theory but lacked practical knowledge when they came into the job market.
Thanh Nga, a Vietcombank credit officer, said the dated materials used by universities and their pedantic teaching styles should be upgraded and modernised to suit the dynamic global economy.-Enditem
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