Taiwan Vice Premier Emphasizes Need for Upgraded Manpower Quality for Continued Economic Growth

Taiwan's Vice Premier Wu Rong-i stressed the importance of upgrading the country's manpower quality to achieve continued economic growth. Attending a seminar on industrial talent nurturing in central Taiwan, Wu emphasized the need for talent nurturing to be aligned with industry needs, otherwise it would result in a waste of training resources. He also highlighted the importance of having an assessment mechanism to inform training institutes of enterprise needs. The government's goal of achieving 4% economic growth this year remains unchanged, with efforts focused on creating business opportunities through the BOT model and reducing government personnel expenditure.

Key Takeaways:

• Taiwan's Vice Premier Wu Rong-i emphasized the need for upgraded manpower quality to achieve continued economic growth.
• Wu stressed the importance of aligning talent nurturing with industry needs to avoid wasting training resources.
• The government should have an assessment mechanism to inform training institutes of enterprise needs.
• Taiwan's industry must step up its transformation and upgrading to continue economic development, with manpower resources being the key point.
• The government aims to create business opportunities through the BOT model and reduce government personnel expenditure.
• A lack of suitable workers for government- prioritized projects, such as sewage treatment construction, highlights the inadequacy of current training.
• Taiwan's economic growth goal remains unchanged at 4% this year.

Statistics:

• Taiwan's economy aims to achieve 4% growth this year.
• The government plans to reduce government personnel expenditure.
• The BOT model will be used to create business opportunities.

Sources:

• (CNA)
• Asia Pulse