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Vietnam ranks 75th in Global Talent Competitiveness Index

Vietnam is ranked 75th among 93 countries in the annual Global Talent Competitiveness Index, which measures a nation's competitiveness based on the quality of talent it can produce, attract and retain.
Vietnam is ranked 75th among 93 countries in the annual Global TalentCompetitiveness Index, which measures a nation's competitiveness basedon the quality of talent it can produce, attract and retain.

Thesecond edition of the study was conducted by INSEAD, one of the world'sleading business schools, the Human Capital Leadership Institute ofSingapore and Zurich-based Adecco Group, one of the world's leadingprovider of human resources solutions.

According to the study,Vietnam scores relatively high in global knowledge skills despite itslow performance in developing the country's own talent via formaleducation.

"As the economy is recovering, firms both local andinternational in Vietnam are in need of skills," said Nicola Connolly,country manager of Adecco Vietnam and chairwoman of the European Chamberof Commerce in Vietnam.

"Even though the talent pool is notlarge, Vietnam is good at employing its existing talent and higherskills in innovation activities and entrepreneurship.

"However,its key challenge lies in growing new talent, as Vietnam does notperform well in terms of formal education and lifelong learning, thuscreating a wider skill gaps moving forward," she said.

In theranking of 93 countries this year, European countries continue todominate the list with 16 of them in the top 25. Switzerland maintainsits number one position, while four non-European countries are among thetop 10: Singapore, the US, Canada and Australia.

The survey,which aims to provide a practical and strategic tool for governments,businesses and not-for -profit organisations to inform policies in areassuch as education, human resources and immigration, found thatinvestment in "employable skills" and vocational education underpinssuccess in developing, attracting and retaining talent.

The 93surveyed countries represent 83.8 percent of the world's population and96.2 percent of the world's gross domestic product.

Vietnam was ranked 82 among 103 countries in the first edition of GTCI.-VNA

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