ROK seeks to kick off ‘Miracle on Red River’
The Global HR Forum 2017, initiated by the Republic of Korea (ROK), will be kicked off in Vietnam for the first time this week, promising to bring the ‘Miracle on the Han River’ to Vietnam in order to help the country boost the quality of its workforce.
 |
The two-day event is expected to attract Vietnamese government officials, the Republic of Korean government officials, businesses, startups, and university representatives. It will focus on human resource exchanges and training between Vietnam and the ROK in the age of Industry 4.0.
Around 30 opinion leaders, including experts and scholars, will participate in the “Miracle on the Han River to Miracle on the Red River” talks. The forum aims to convey the various strategies that ROK has successfully implemented in human resource development.
The forum has the goal of spreading global prosperity through collective human intelligence and human resource development. It is a good opportunity for Vietnam to approach the ‘Miracle on the Han River’, allowing the country to learn from ROK’s experience in tapping into local potentials to develop the economy.
With the Global HR Forum in Vietnam 2017, both nations will have a new educational platform that enables in-depth discussion of policy development for cultivating human resources and exchanges.
Jointly organised by Vietnam’s Ministry of Education and Training, the Ministry of Education of the Republic of Korea, and the Korea Economic Daily, the event marks the 25th anniversary of formal diplomatic relations between ROK and Vietnam.
According to The Economist, if Vietnam keeps its current growth momentum, it is likely to become an ‘Asian tiger’ over the course of the next 10 years, following the examples set by ROK and Taiwan.
With a young population, political stability, vast untapped potential, a rising middle class, and a favourable location, Vietnam has become attractive to international investors. In recent years, especially since late 2016, Vietnam has welcomed new investment waves from ROK, Sweden and Hong Kong.
However, amid deep global integration, as a number of free trade agreements are signed and take effect, the country needs to improve its human resources’ quality or it will remain an outsourcing nation for international groups.
ROK is a typical example for strong growth based on human resources. The country, also deeply affected by past wars, has become a strong economy in Asia beginning in the 1990s, thanks to the rapid economic advancements of the ‘Miracle on the Han River’.
