Vietnamese banks take charge of training

Banks set up management-training programs at state universities

In the face of a shortage of skilled personnel, especially managers, banks in Vietnam are taking training into their own hands.

Many state-owned banks, such as the Bank for Agriculture and Rural Development of Vietnam (BARD), the Bank for Foreign Trade of Vietnam (Vietcombank) and the Bank for Investment and Development of Vietnam (BIDV), have opened their own training courses to improve management capacity for their staff.

Last year, BARD paid the Ha Noi School of Business at the Ha Noi National University $1.84 million US to train the bank's more than 2,100 managing officials over 20 months.

The need for skilled personnel, particularly middle- and high-level managers will become even more urgent in the near future, according the country's ministry of finance, with the financial sector needing tens of thousands of workers by 2010.

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