E-Publication :
Dr. Truong Anh Dung, Director General of the Directorate of Vocational Education and Training: Vocational education and training- a breakthrough for human resource development
9:59' 5/25/2021

"In 2020, the COVID-19 pandemic had a great impact on the socio-economic development planning programs of the country, the sector of Labor, Invalids and Social Affairs. But with drastic and timely direction and administration, the effectiveness of the Government, the Prime Minister, leaders of the Ministry of Labor, Invalids and Social Affairs, the vocational education and training (VET) sector basically completing the targets assigned by the National Assembly, the Government and the Ministry. That is an important basis for continue to successfully implement the goals of the 5-year plan 2021 - 2025 ... ", Dr. Truong Anh Dung, General Director of DVET shared with a reporter from Newspaper of Labour and Social Affairs.

Dr. Truong Anh Dung, Director General of DVET

* There is an opinion that: "Skilled workers are nowadays considered as the new currency in the global labor market". How do you think about this assessment?

Dr. Truong Anh Dung: The successful experience of many developed countries shows that skilled human resources, especially highly skilled people, play a particularly important role, contributing to the creation of outstanding labor productivity (labor productivity), boosting GDP growth and enhancing national competitiveness. The more skilled workers, the higher the efficiency, attracting more investors; Enterprises are easy to introduce and apply technologies to increase labor productivity and have new ways of doing things. Due to a growing gap between the skills of the current workforce and the skills businesses need to adapt to changing technology and markets, according to recent IMF research, 6% of the world's GDP that equates to $ 5,000 billion lost each year. 

On the other hand, a study reported at the 2019 World Skills Conference showed that: Human-centered skills development can boost GDP growth by 0.5-2%. Thus, skilled labor is today seen as the new currency in the global labor market.