Talent Acquisition in Vietnam’s Growing Renewable Energy Sector: Challenges and Opportunities

As Vietnam continues to accelerate its shift towards sustainability, the renewable energy sector is not only transforming the nation's energy landscape but also reshaping its labor structure. This shift, however, brings new challenges and opportunities for the human resource supply in Vietnam. In this article, we explore Vietnam’s renewable energy landscape, the key challenges in finding the right talent, and the opportunities presented by this evolving sector.

The rise of renewable energy

Vietnam’s commitment to renewable energy is evident in its ambitious goals and significant investments as most evidenced by its participation in the global race to reach net-zero emissions by 2050. The country sets sights on moving from coal power to clean energy through the increasing share of renewable energy in its energy mix. The Vietnamese government is actively encouraging these investments with policies like Power Development Plan VII, which targets increasing the share of renewable energy in the national grid. This booming sector also allows Vietnam to become an investment hub in Southeast Asia, attracting investors from around the world including Germany, Chinese, and the USA.

This transition is not only pivotal for reducing environmental impacts but also for creating a dynamic, sustainable job market. According to estimates, the sector could generate hundreds of thousands of new jobs by 2030. However, the challenge lies in ensuring the availability of a skilled workforce capable of meeting the industry’s needs.

Green Talent Acquisition Difficulties:

1.???? Insufficient Labor Force

Despite the promising development, the rapid transition towards clean energy may serve as a tall order for the local human resources supply to take. This high-tech sector calls for highly-skilled workers which are yet available in the Vietnamese market. The existing labor right now mostly comes from foreign sources or Vietnamese personnel who are not directly involved in the field. This results from the lack of workers trained professionally as there is inadequate technical education in universities and other institutions across Vietnam to meet the skill requirements of employers

Currently, many companies in the field experienced difficulties in recruiting workers with high expertise and technicalities as there is a considerable need for labor but the market is unable to provide it. Furthermore, language proficiency, professional knowledge, and other interpersonal skills are also required brackets that many local candidate fails to deliver. In short, the demand for a green workforce is overwhelming its availability in both quantity and quality.

2.???? High Competition for Talent

Vietnam’s renewable energy boom has intensified competition for qualified professionals. Foreign companies, local firms, and startups are vying for the same pool of experts. This talent war has driven up wages, making it challenging for smaller companies to compete with larger multinational corporations that can offer more attractive packages.

Opportunities in Talent Acquisition:

1. Upskilling and Reskilling Programs

One of the most promising solutions to the skills gap is investment in upskilling and reskilling programs. The Vietnamese government and private sector are beginning to collaborate on training initiatives aimed at equipping workers with the necessary expertise in renewable technologies. For example, partnerships between universities and industry players can create specialized courses in renewable energy engineering, project management, and policy analysis.

2. Global Talent Pool

Vietnam can tap into the global workforce to address immediate shortages. Encouraging expatriates and foreign professionals with renewable energy expertise to work in the country can fill critical gaps while local talent catches up. This approach not only solves short-term needs but also fosters knowledge transfer, which is essential for building local capacity in the long run.

3. Attracting Young Talent

Vietnam’s young, dynamic population presents an untapped opportunity for the renewable energy sector. Vietnam possesses a vast pool of young talents, comprising over 22 million individuals in the 16 to 30 age brackets. By actively promoting careers in renewable energy through educational campaigns and partnerships with universities, companies can cultivate a new generation of professionals who are passionate about sustainability. This generation, equipped with the right skills, will be the backbone of Vietnam’s energy transition in the coming decades.

Invest Talent stands ready to assist businesses in finding and attracting the right professionals for this dynamic field. We have a proven track record of successful hires in this rising but complicated sector. By partnering with Invest Talent, companies can be entitled to the skilled workforce needed to thrive in Vietnam’s green energy revolution.

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