Despite large-scale investment in digital transformation, Vietnamese banks are struggling with a critical shortage of professionals who can bridge finance and technology,, Deputy General Director of LP Bank Luu Danh told a forum, Wednesday, VN Express has reported→view source.
Key details:
- LPBank slashed over 1,600 jobs in Q1 but is still struggling to hire staff with both finance and tech capabilities.
- Poor recruitment practices, inflated CVs, and a shortage of candidates with dual expertise have deepened the talent gap.
- Retention challenges persist, with digital teams facing high pressure, limited space for creativity, and rapid product cycles.
- Navigos Research highlights severe shortages in sales, marketing, and technology roles, despite ongoing recruitment efforts.
- Deputy Minister Bui The Duy stresses the need for universities to revamp training, citing frontline staff now needing skills in AI, cybersecurity, and digital systems.
- Banking Academy and Dai Nam University call for state-backed digital competency frameworks and propose dual-degree fast-track programs to address the supply gap.
This suggests Vietnam’s fintech expansion may be outpacing the development of human capital, with skills training struggling to keep pace with economic and technological advancement.
See also: Human resources in Vietnam 2025: Labour Laws, Wages, and Compliance