Despite the low training quality of many universities and the repeated warning about the high unemployment rate, students still prefer to follow higher education. The Q2 Labor Bulletin released by MOLISA showed that 1.088 million people at working age had stayed unemployed by that time, an increase of 16,400 people in comparison with Q1.Of these, 418,200 trained workers had been unemployed, accounting for 40 percent, while 191,300 workers had bachelor’s degree or higher education levels, 94,800 workers finished junior colleges and 59,100 finished vocational schools.The oversupply of graduates with bachelor’s degrees has led to a high unemployment rate of university graduates. Seventy percent of new graduates don’t have necessary skills of communication, teamwork and discipline. They especially lack foreign language skills.A survey of 18 universities in Vietnam found that first-year students had a 220-245 score out of 990 TOEIC score. Vietnamese students are at the bottom of the list with expected salaries of $6,041 per year for economics graduates and $6,397 per year for technical studies.
Source: VietNamNet News January 12, 2017 01:38 UTC