High-quality human resources will determine the efficiency of FDI capital flows

Hoàng Lâm |

The national conference to study, study, thoroughly grasp and implement Resolution No. 10-NQ/TW of the Politburo on foreign-invested economic development held on the morning of June 30 conveyed a very clear and strong message: Vietnam is entering a new stage of development with a new mindset about the foreign-invested economic sector (FDI).

That is to shift from a simple investment attraction mindset to a mindset of developing a modern, efficient, sustainable FDI ecosystem closely linked to the internal strength of the economy.

At the conference, General Secretary and President To Lam emphasized: "Developing high-quality human resources is a decisive condition. Without a team of engineers, experts, technicians and good managers, it is impossible to attract and retain high-tech projects, and it is also impossible to switch from processing and assembly to designing, researching, and producing high value-added products and services.

This is a strong reminder of the most important "knot" in the process of upgrading the growth model: people.

In nearly 40 years of attracting FDI, Vietnam has become a destination for many large corporations. However, reality also shows a prolonged limitation: Vietnam mainly participates in processing and assembly stages.

One of the important reasons is that the quality of human resources has not kept up with the requirements of the global production chain: technical skills, foreign languages, creative thinking and management capacity are still limited. This makes the spillover effect of FDI capital not commensurate with the attractive scale.

A strategic issue is raised: how to make Vietnamese people gradually take on technical, management, research, design and supply chain operation positions in FDI enterprises. Because when Vietnamese workers can participate in "core" positions in FDI enterprises, the spillover value of this sector will be significantly increased. At that time, FDI will not only bring capital, but also bring technology, management skills and modern production knowledge.

To realize this goal, a comprehensive and long-term strategy on human resource development is needed. The State plays a constructive role, promoting vocational and university education reform in a substantive direction, linking training with business needs, and encouraging FDI enterprises to promote local human resource training.

Domestic businesses also need to proactively improve the quality of human resources, instead of just relying on the advantage of cheap labor.

The Trade Union organization also plays an important role in widely developing the movement "Good Labor; High Productivity; Good Income" in the FDI business community.

And importantly, workers themselves also need to change their thinking: from "hiring" to "mastering skills". This is associated with the process of self-learning, promoting initiative and creativity in the 4.0 industrial era.

High-quality human resources are the decisive factor for FDI capital to be effective in Vietnam while improving strategic autonomy, production capacity, technology and competitiveness of the economy.

Hoàng Lâm
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