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AI encroachment in the job market necessitates continuous learning to remain competitive, making reskilling our foremost line of defense.

AI's Impact on the Job Market: Insights from Tran Thi Nguyet Oanh, HSBC Vietnam's HR Chief

The superior strategy to combat AI advancements lies in continuous learning and upskilling.
The superior strategy to combat AI advancements lies in continuous learning and upskilling.

AI encroachment in the job market necessitates continuous learning to remain competitive, making reskilling our foremost line of defense.

The landscape of the job market is rapidly changing, with three roles set to grow significantly between 2025 and 2030: Big Data Specialists, FinTech Engineers, and AI and Machine Learning Specialists. These roles reflect a strong demand for professionals who can develop, manage, and extract insights from AI systems and massive data sets[1][2].

Businesses are responding to this employment shift by strategically investing in AI and digital technologies, leading to the transformation of workforce skill sets. Employers anticipate that 39% of existing workers’ skill sets will become outdated or require transformation by 2030, with AI and big data skills topping the list of fastest-growing competencies[4].

Investment in cybersecurity roles is also on the rise due to increased data security risks. The global average cost of a data breach rose to $4.9 million in 2024, which drives demand for Information Security Analysts and Security Management Specialists[1].

Younger generations, such as Gen Z, are proactively blending AI technical skills with creativity, emotional intelligence, adaptability, and leadership to future-proof their careers. Organizations are thus adapting by promoting hybrid skills combining technology and human values[3][4].

Overall, businesses recognize that while AI and automation will displace some jobs, there will be a net global gain of about 78 million jobs by 2030, many in newly emerging roles that integrate AI, big data, and digital fluency with human skills[3].

Fastest-Growing Roles (2025-2030)

| Role | Projected Growth | |-------------------------------------|------------------| | Big Data Specialists | 110% | | FinTech Engineers | 95% | | AI and Machine Learning Specialists | 85% | | Software & Applications Developers | 60% | | Security Management Specialists | 55% | | Data Warehousing Specialists | 50% | | Internet of Things Specialists | 40% |

Business Responses

  • Significant investment in AI, big data, and cybersecurity capabilities
  • Workforce upskilling focusing on digital fluency plus human-centric skills
  • Emphasizing resilience and adaptability alongside technical expertise
  • Strategic hiring of AI-literate professionals combined with creative and emotional intelligence[1][3][4].

In Vietnam, the development of AI talent is well-positioned to grow through government support, international collaboration, and an influx of foreign experts[2]. The country ranks 6th in the AI Index among 40 countries and territories, according to the Worldwide Independent Network of Market Research (WIN)[5].

A study by The Adecco Group shows that only 11% of today's workforce is genuinely prepared for the future and equipped with the adaptability needed to navigate uncertainty and capitalize on emerging opportunities[4]. Employers worldwide anticipate that farm work, delivery drivers, construction workers, salespersons, and food processing staff are also projected to grow significantly over the next five years, driven by demographic shifts and ongoing economic uncertainty[6].

One notable development is Overlapping AI's new feature that allows ChatGPT to complete multiple tasks independently, acting on behalf of users[7]. This feature enables users to ask ChatGPT to handle complex tasks like checking calendars, analyzing competitors, and briefing on upcoming events.

However, it is important to note that AI won't completely replace humans, especially in tasks requiring hands-on execution, nuanced interpretation, or human-to-human interaction[8]. Instead, individuals equipped with the right skills can harness technology as a powerful tool to enhance their work rather than be replaced by it.

In conclusion, businesses and individuals must continuously build skills that align with emerging roles, while businesses must adopt forward-thinking strategies in human resource development to remain resilient and transformation-ready. The World Economic Forum expects accelerating technology, green transition, and broader economic and demographic shifts to create 170 million new jobs over the next five years[9].

References:

  1. McKinsey & Company
  2. VietnamNet Bridge
  3. World Economic Forum
  4. The Adecco Group
  5. AI Index
  6. World Economic Forum
  7. OpenAI
  8. World Economic Forum
  9. World Economic Forum
  10. To stay competitive in the rapidly changing job market, many businesses are investing in education and self-development programs that focus on AI and digital technologies, recognizing the growing demand for professionals with these skills.
  11. In light of the increasing need for professionals with AI and big data skills, younger generations are proactively developing hybrid skills that combine these technical abilities with creativity, emotional intelligence, adaptability, and leadership, demonstrating a commitment to career development and future-proofing their careers.

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