USAID workforce for an innovation and start-up ecosystem (WISE)

Speeches Shim

The USAID WISE project will support Vietnam’s National Fourth Industrial Revolution (4IR) Strategy to advance continued economic transformation. WISE is a joint effort of USAID and the Ministry of Planning and Investment of Vietnam and made possible through USAID’s U.S. Support for Economic Growth in Asia program, which aims to improve the policy environment for sustainable economic growth and prosperity. The goal of WISE is to support interventions to expand the specialized skills segment of Vietnam’s labor market to improve the upward mobility and competitiveness of Vietnam’s workforce.

IMPROVING BASIC DIGITAL LITERACY SKILLS  

WISE targets new labor market entrants who did not have access to a traditional university education or were unable to study a STEM curriculum. The project will expand the availability of STEM fundamentals training, whether online or in-person, beyond key urban centers to help bridge gender and urban-rural digital divides.

DEVELOP A DIVERSE, DEMAND DRIVEN, PRIVATE SECTOR-LED MARKET FOR UPSKILLING

WISE will strengthen industry-training provider partnerships to ensure the market relevance of training for those seeking to upgrade and advance their 4IR skills. Targeted beneficiaries include students enrolled in STEM programs who seek additional certifications, and especially those already in the workforce seeking career advancement. Two critical components for sustained skill development will be a) aligning with employer demand for ‘premium pay’ skills as well as on-the-job and digitally offered training and staff development programs, and b) periodic updating of industry demands, projections, and gaps to provide readily accessible 4IR-related labor market data to youth for career planning.

STIMULATING INNOVATIVE FINANCING SOLUTIONS

WISE will help financial institutions to develop innovative savings and financing instruments to enhance the affordability of, and expand access to, lifelong learning for a broader range of young learners.

BUILDING PUBLIC-PRIVATE SECTOR LINKAGES

The project will build the capacity of the Ministry of Planning and Investment’s National Innovation Center to effectively partner with the private sector to promote STEM upskilling and reskilling of the workforce.

EXPECTED RESULTS

During the two-year project, WISE expects to equip 1,000 learners with 4IR skills, provide $400,000 in education finance, and leverage $600,000 in private sector resources.

Issuing Country 
Date 
Thursday, August 19, 2021 - 7:00am

Last updated: September 27, 2021