Eastern International University (EIU) is a newly created university located in Binh Duong New City,Binh Duong Province, Vietnam, built by the State-owned Becamex IDC Corporation – the country’s largest infrastructure, industrial park developer and operator and a large conglomerate with over 30 related subsidiaries, has the mission of producing high-quality human resources to meet the country’s pressing needs.
EIU is the first University in Vietnam which offers Supply Chain Management Program for undergraduate level. We identify the problems Vietnam is facing with quality of workforce and provide the best solutions.
Our major supply chain management challenge in Vietnam is logistics cost. The logistics cost in Vietnam is around 25% of GDP. This creates an undue burden on businesses in Vietnam as we compete globally for FDI resources. In China and India, the logistics cost is around 15% and 13% respectively. In the USA, it is only 7.7% of GDP. This large gap is because of waste in the Vietnamese logistics processes and procedures. Another major issue is our supply base limitation. This limitation acts as a roadblock for companies in their efforts to meet the growing demand. The lack of skilled employees is a hindrance for business because it prevents companies from being established, or growing to meet marketplace demand. Information technology application is also a critical issue but there’s lack of Vietnamese businesses using IT to create competitive advantages and improve productivity. Vietnam must address these roadblocks to meet their long-term growth strategy. How can our community get to where we need to be to reach our strategic goals?
Creating a different way of educating our students is required if we will meet the challenge. We must have students who know the academic material, but are flexible in their thinking so they can meet as yet unknown problems. Collaboration between the business communities, governmental organizations, professional associations and institutions of higher learning ensure strategic challenges are completed on time, within budget and at the standards that delight the customers.
Eastern International University (EIU) is at the forefront of addressing our skill gap in employees that can meet the current and future challenges of business. EIU is addressing this skill gap by teaming with Portland State University, the Vietnam Supply Chain Association and ASPROVA Corporation. Through this collaboration we ensure we have the best understanding of what the business and governmental organizations must have for success.
We hope this cooperation will create a community and let’s be the community that creates the movement leading to success – success for our future generations.