Choke point: Vietnam skilled labor squeezed by Sino-U.S. trade war

HO CHI MINH CITY/HANOI - A new front has opened in the U.S.-China trade war as companies shifting manufacturing to Vietnam engage in a fierce battle for skilled labor, aggravating an existing shortage and prompting calls for education reforms to address the problem.

Hanoi’s trade deals, including its recently signed FTA with the European Union, have also become a draw. The lack of capacity should come as no surprise: Vietnam’s population is just 7% that of China’s, the country still lacks investment in infrastructure, and according to the World Bank needs to spend an average of $6.7 billion a year to expand its annual power generation capacity by 10% between 2016 and 2030.

“I know that when companies are considering where to locate their facilities, they do review what other manufacturers are in the area and the associated risk of poaching.”

Reforms are truly needed

Someone should tell the so-called politburo that the world has since moved to the next level including China from whom they learnt the moribund ideology..

The problem with Vietnam is their hyper-fixation on the obsolete communist ideology. Ho Chi Minh was a man of great and vast knowledge, speaking various languages but very central to his ideology is to make Vietnamese people 'ignorant and naive'. .and this is working till date.

You underestimate,the Viet as well as India or China,,, Poverty. can be an incubator of Capitalism.

Go from a third world country,disarming thousands upon thousands of mine and ordindiance , Not BAD

Metal Lol! I like everyone tho! Can’t stay mad unless don trump !the tedious sickening daily same old same old same old !just tell the truth and fix it and speak English ? Why is this so difficult ? Bye pass don trump he’s a criminal ! Plus he doesn’t do anything for anyone

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Decreasing U.S. job openings point to cooling labor marketU.S. job openings fell to a 1-1/2-year low in August and hiring declined, sugges... I’m confused. The argument forever was we NEEDED the illegal immigrants or we would have multiple unfilled positions. Now that the border isn’t being barraged it is now the opposite? Whatever reports hurt Trump the most. We get it. ;) I know the biased MSM would LIKE our economy to slowdown so they can blame realDonaldTrump, but stop trying to make it happen. Choose country over politics. TDS And or full employment. Not going to put out a hiring ad if I think everyone is taken
Source: Reuters - 🏆 2. / 97 Read more »

Malaysia may set aside its belt-tightening plans to save its economy from trade war damageMalaysian Finance Minister Lim Guan Eng is set to outline the government's spending plans for 2020 on Friday.
Source: CNBC - 🏆 12. / 72 Read more »

US-China trade war could cause long-term damage to farmers, top consulting firm says'The growing risk is that much of the market share abroad that U.S. agribusiness is losing to foreign competitors will be hard, if not impossible, to win back -- even if current trade conflicts are resolved to the U.S. government's satisfaction.' You knew Trump was crazy, you voted for the crazy because you despised (D)s so much. And I get it, there is much in what (D)s advocate to despise. But you're stuck with this. He's your guy. This is karma as much as bad policy. Too late!!! kuku2 It has caused untold misery and great harm for which one single man is wholly responsible. Farmers are very angry, just talk to some
Source: Newsweek - 🏆 468. / 52 Read more »