President Joe Biden visits Hanoi Sunday to boost economic ties as Washington looks to move away from over-reliance on China, but a lack of highly skilled labour and infrastructure weaknesses mean Vietnam may struggle to replace its neighbour.
President Joe Biden visits Hanoi Sunday to boost economic ties as Washington looks to move away from over-reliance on China, but a lack of highly skilled labour and infrastructure weaknesses mean Vietnam may struggle to replace its neighbour.Only about 11 percent of the domestic labour force is deemed highly skilled, while 26 percent are trained workers with degrees and certificates, according to the labour ministry.
With a low economic growth rate for the first half of the year, Vietnam is further truncating and eliminating business regulations which will benefit enterprises and investors.
Deals bode well for US-Vietnam ties vietnamnet.vn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vietnamnet.vn Daily Mail and Mail on Sunday newspapers.
As we welcome a new year, we at the US Mission in Vietnam take this opportunity to wish the Vietnamese people every joy and happiness in what we hope will be a very prosperous year filled with blessings and good fortune. During this special time of year, we reflect on the bonds that bring together friends and family, as well as the growing ties that unite our two countries and our peoples.