Enhancing Foreign Language Human Resources in Alignment with the Development of Foreign Direct Investment (FDI) Enterprises

Abstract

To drive societal economic development, it's imperative to bolster workforce competitiveness by enhancing the quality of education and training. Training programs play a pivotal role in cultivating a workforce tailored to societal needs. Consequently, stakeholders in labor utilization are crucial in shaping the evolution and efficacy of these programs. In 2023, Vietnam attracted investments from 111 countries and territories. Singapore led with an investment of over $6.8 billion, constituting 18.6% of the total investment and marking a 5.4% increase from the previous year. Japan followed closely with nearly $6.57 billion, representing 17.9% of the total investment, a significant surge of 37.3%. The Hong Kong Special Administrative Region ranked third, doubling its investment from the previous year to over $4.68 billion, making up 12.8% of the total investment. China, South Korea, and Taiwan also made substantial contributions. Foreign workers comprise over 72% of the workforce in FDI enterprises, mainly in sectors such as science and technology, electronics manufacturing, services, education, and training. Hence, educational institutions must acknowledge this trend and focus on training local talent to gradually replace foreign workers in FDI enterprises.