AN ANALYSIS OF THE SINGAPOREAN PREPARATION FOR THE FUTURE WORKFORCE AND RECOMMENDATIONS FOR VIETNAM

Abstract

This paper aims at firstly reviewing initiatives on workforce transformation in the Industrial Revolution 4.0 funded by the Government of Singapore, and then making recommendations to policy makers regarding the workforce preparation in Vietnam. In the era of continuous change, workforce is a key factor in a thriving economy, thus Singapore’s strategy is to engender a future-ready generation for a better Singapore by strengthening the talent pools through lifelong learning and enabling all Singaporeans to excel and discover opportunities to fulfill their potentials. How has Singapore been doing to prepare a tomorrow’s workforce? How does Vietnam learn from Singapore’s experience in preparing for a future-ready workforce? This analysis will answer those two questions. The findings indicate that (i) the Government of Singapore has adopted an inclusive approach and has succeeded in developing a sustainable skills ecosystem and lifelong learning programs, and (ii) It is necessary for Vietnam to think about our own strategy that will focus on changing public awareness of lifelong learning and skills upgrading, identifying necessary skills for the future workforce, and creating effective action programs to encourage individuals to learn for life, pursue skills mastery and develop fulfilling careers.