Human capital development in East Asia: An empirical implication for Vietnam’s education and training needs

Abstract

Human capital development is a contemporary issue facing Vietnam's academia, private organizations, and public policymakers. This paper illustrates Singapore as one of the highly developed countries in East Asia that successfully invests, designs, and manages human capital, asset, and resources for its economic growth. The discussion suggests certain propositions with a conceptual framework as an empirical implication to Vietnamese counterparts for further examining the relationships among human capital investment, human asset development, and human resources in the context of Vietnamese education and training needs.