Vietnam in Urgent Need to Improve Human Capital, Huynh The Du Urged

Diep Nguyen

16:09 05/12/2018

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Huynh The Du said that it is good when many Vietnamese student going overseas because this can help to improve the human capital for Vietnam as many other regional countries like Japan and South Korea also have the high rates of student overseas.

Vietnam in Urgent Need to Improve Human Capital, Huynh The Du Urged

Economist Huynh The Du

In the Vietnam Reform and Development Forum 2018 with the focus on new vision, new drivers of economic growth in the new era, economist Huynh The Du in Fulbright Vietnam gave some comments on the quality of the Vietnam’s human resource currently.
According to Huynh The Du, every year, the number of student going to schools in Vietnam is above the average of the world, from the data of the United Nations Development Program (UNDP).
However, the number of students attending universities at the right age in Vietnam is quite low. Du remarked that if we think of getting ahead and bridge the development gap with Japan, South Korea, there should be more students attending universities.
Also from the calculations of Huynh The Du, current statistics show that the number oversea Vietnamese students is estimated to rank ninth in the world and in the United States alone, the number of students rank the sixth. Huynh The Du pointed out that many people complained that the phenomena of Vietnamese students going oversea is education asylum, but he does not share this opinion.
Huynh The Du said that it is good when many Vietnamese student going overseas because this can help to improve the human capital for Vietnam as many other regional countries like Japan and South Korea also have the high rates of student overseas. 
In terms of foreign direct investment, Huynh remarked that there is a sad fact that Vietnam has been attracting FDI for the past 30 years but regrettably, Vietnam still lag behinds in the value chain.
Also from the observation of Huynh, there used to be the period when company mainly focused on investing on assets to earn quick profits but did not allure into investing in research and development. 
However, from 2011 to now, when the government made big efforts in improving the investment environment, the Vietnam business environment has improved a lot, companies invest more into research and development and this is the most outstanding achievement.
Huynh strongly recommended Vietnam to pay full attention to intellectual property right protection as this is critically important.

DIEP NGUYEN

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