Vietnam has been facing a twin problem of increasing unemployment among young people and a phenomenon of ‘over-education’ among graduates who fail to find jobs that use their skills. 

These problems are blamed on over-expansion of the higher education system and a mismatch between graduate supply and market demand, which has been apparent since the country’s economic slowdown in 2010. For example, Vietnam would have around 32,000 new graduates in finance and banking this year, but only some 20,000 were likely to find jobs in finance and banking institutions, as banks cut back on recruitment.

Experts reckon that unemployment cannot be resolved by the education sector alone, but requires an integrated solution and the involvement of other state organisations and NGOs, reported University World News.