Vocational skills boosted with new project

The improvement of vocational skills will be the focus of a new project that will benefit from an allocation of 78 million USD, including 70 million USD from an Asian Development Bank (ADB) loan.

A loan agreement for the project was signed in Hanoi on October 5 by representatives of the State Bank of Vietnam and ADB.

Addressing the signing ceremony, SBV Governor Nguyen Van Giau said the ADB loan would help Vietnam to renew vocational training teaching methods for key economic sectors. This was also a good opportunity for the country’s socio-economic development and poverty reduction, he said.

The project aims to develop a network of vocational training colleges to supply skilled workers for power generation and information technology sectors.

ADB also supports 15 non-public schools to help improve training quality and encourage healthy competition with public schools, creating a basis for private businesses to increase investment in the vocational training sector.

By 2009, Vietnam had more than 90 vocational training colleges and 250 vocational training schools./.

Related Articles

• Germany assists with vocational training
• Ford rewards employee’s technician skills in contest
• Overseas investment totals $730m in first nine months
• Civil servants to enjoy State housing
• Assoc insists on power price hike despite protests