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Using Fuzzy Approach to Model Skill Shortage in Vietnam’s Labor Market in the Context of Industry 4.0

Author

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  • Tien Ha Duong, My
  • Van Nguyen, Diep
  • Thanh Nguyen, Phong

Abstract

Human resources development is one of the main issues in the socio-economic development strategy and the transform of any region in the context of Industry 4.0. However, Vietnamese human resources have been poorly evaluated in the areas of quality, lack of dynamism, and creativity. Therefore, this paper presents a fuzzy logic approach to ranking seven skills shortage in Vietnam’s Labor Market, namely lifelong learning, adaptive capacity, information technology capacity, creativity and innovation capacity, problem-solving capacity, foreign language competency, and organizing and managing competency. The results showed that the problem-solving skill has the largest gap between an enterprise’s requirements and the actual response of employees.

Suggested Citation

  • Tien Ha Duong, My & Van Nguyen, Diep & Thanh Nguyen, Phong, 2019. "Using Fuzzy Approach to Model Skill Shortage in Vietnam’s Labor Market in the Context of Industry 4.0," MPRA Paper 103512, University Library of Munich, Germany, revised 07 May 2020.
    • Handle: RePEc:pra:mprapa:103512
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    File URL: https://mpra.ub.uni-muenchen.de/103512/1/MPRA_paper_103512.pdf
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    References listed on IDEAS

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    6. Nguyen, Phong Thanh & Phu Nguyen, Cuong, 2019. "Risk Management in Engineering and Construction," MPRA Paper 103509, University Library of Munich, Germany, revised 09 Jan 2020.
    7. repec:arp:tjssrr:2019:p:888-891 is not listed on IDEAS
    8. Christian Bodewig & Reena Badiani-Magnusson & Kevin Macdonald & David Newhouse & Jan Rutkowski, 2014. "Skilling Up Vietnam : Preparing the Workforce for a Modern Market Economy," World Bank Publications - Books, The World Bank Group, number 18778, December.
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    11. Michele Pellizzari & Anne Fichen, 2017. "A new measure of skill mismatch: theory and evidence from PIAAC," IZA Journal of Labor Economics, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 6(1), pages 1-30, December.
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    Cited by:

    1. Hao Tong, Kiet & Nguyen, Quyen Le Hoang Thuy To & Thi Mong Nguyen, Tuyen & Nguyen, Phong Thanh & Bich Vu, Ngoc, 2020. "Applying the Fuzzy Decision-Making Method for Program Evaluation and Management Policy of Vietnamese Higher Education," MPRA Paper 103448, University Library of Munich, Germany, revised 19 Jul 2020.

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    More about this item

    Keywords

    fuzzy logic; industry 4.0; human resources; skill shortage; Vietnam;
    All these keywords.

    JEL classification:

    • B16 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Quantitative and Mathematical
    • F6 - International Economics - - Economic Impacts of Globalization
    • J01 - Labor and Demographic Economics - - General - - - Labor Economics: General
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology

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