Abstract
Human resource development is one of the main issues in the socio-economic development strategy and the transform of any regions in the context of the Industry 4.0. However, Vietnamese human resources have been poorly evaluated in the areas of quality, lack of dynamism, and creativity. Therefore, this paper presents fuzzy logic approach to ranking seven skills shortage in Vietnam’s Labor Market, namely lifelong learning, adaptive capacity, information technology capacity, creativity and innovation capacity, problem-solving capacity, foreign language competency, and organizing and managing competency. The result results shown that the problem solving skill is the largest gap between an enterprise’s requirements and the actual response of employees.
Highlights
Theories of economic growth, especially the endogenous growth model, have recognized the role of human factors in economic growth
The World Economic Forum's 2017 [17] global human resource assessment showed that Vietnam's overall human resource index ranked only 64/130
The assessment of the World Economic Forum's readiness to participate in the 4.0 revolution shows that the ranking of highly skilled human resources and labor in Vietnam was quite low, 70/100 and 81/100 [18]
Summary
Theories of economic growth, especially the endogenous growth model, have recognized the role of human factors in economic growth. The World Economic Forum's 2017 [17] global human resource assessment showed that Vietnam's overall human resource index ranked only 64/130. The assessment of the World Economic Forum's readiness to participate in the 4.0 revolution shows that the ranking of highly skilled human resources and labor in Vietnam was quite low, 70/100 and 81/100 [18]. This was the reason for overall low labor productivity
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