Word: vietnamize
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...Nguyen Thu Phuong, 18, has been studying for more than a year for the exams, and was poring over a few last-minute math equations on a bench shortly before testing began. Her mother, anxiously fanning the girl as she studied, once fought for the communist side in the Vietnam War and had recently retired from a state-run factory, but she dreams her daughter can someday work in banking or finance. "It's not like the old days," she said. "If children don't have a university degree, it's really difficult to get a good...
...relatively few Vietnamese can fulfill the dream of a higher education, which is bad news for its economy. Vietnam currently attracts foreign investment at a rate of nearly $1 billion per month, with investors looking to take advantage both of its low-wage levels and its young and highly literate population. But only 10% of Vietnamese college-aged youths are enrolled in higher education, lagging behind India and China, and less than a quarter of the figure for Thailand. Those numbers don't bode well for Vietnam's ambitions to move into higher-end electronics and outsourcing...
...Vallely, director of the Vietnam program at Harvard University's Kennedy School of Government, says the country's universities aren't churning out enough qualified engineers, IT workers and managers. "You are already seeing a skilled-worker shortage," he says...
...Vietnam drastically needs education reform," says Adam Sitkoff, director of the American Chamber of Commerce in Vietnam. "If you want to compete in the IT sector and you want to attract high-wage, high-growth jobs, you need to have a smart, well-educated workforce...
...Vallely, who was recently part of a delegation of U.S. educators that met with Vietnamese President Nguyen Minh Trietalong to promote reform, says Vietnam needs a world-class flagship school - the equivalent of India's Institutes of Technology or Tsinghua University in China. Existing schools, he says, need autonomy to build their own curriculum and compete for students. "These kids who do make the cut and go to school are very smart," Vallely says. "They're just not getting much of an education when they get there." And if that doesn't change, Vietnam may only be cheating itself...