Vietnam ranked 75th on the 2023 Global Talent Competitiveness Index.

DNHN - Vietnam occupies the 75th position on the 2023 Global Talent Competitiveness Index, which places it in Southeast Asia, between Mexico and Mongolia, and in front of Thailand, Indonesia, and the Philippines.

The Global Talent Competitiveness Index 2023 reaffirms Switzerland's position as the most competitive nation globally in terms of talent attraction, as reported by INSEAD Business School. A "high level of social protection" and an outstanding natural environment have enabled Switzerland to maintain the top spot for the tenth consecutive year on three separate occasions.

In addition to its innovative economy and highly skilled labor force, Singapore was ranked second. The United States has risen one position to third, showcasing its prowess in the realm of business innovation.

A total of 134 countries and territories are ranked according to their capacity to effectively attract, cultivate, and retain personnel of exceptional caliber. Over the past decade, the top ten countries have remained unchanged, with Switzerland and Singapore at the top and being regarded as "clear leaders."

In addition to Denmark, the Netherlands, Finland, Norway, and Sweden, several European countries, including Sweden, Australia, and the United Kingdom, rank highly in the rankings.

China has risen from the 47th position to the 40th, an indication of enhanced competitiveness. Vietnam occupies the 75th position in Southeast Asia, between Mexico and Mongolia, and while it surpasses Thailand, Indonesia, and the Philippines, it lags significantly behind Singapore, Brunei, and Malaysia.

India, which is projected to have the third-largest economy globally by 2030, is currently ranked 103rd. As the primary factor, declining business confidence is identified.

The report emphasizes that international talent competition will intensify over the next decade, particularly in light of the rising adoption of artificial intelligence technology and escalating international tensions. The significance of sustainable development and quality of life in establishing a central position in the talent attraction process is acknowledged.

Additionally, the report posits that artificial intelligence technology may exacerbate the labor qualification gap by placing additional strain on unskilled or low-skilled laborers, while algorithms and intensive equipment pose a threat of competition to highly skilled laborers.

P.V (t/h)