Improving the Quality of Undergraduate Training in Business Administration to Adapt to the Industrial Revolution 4.0 in Vietnam

Abstract

Industrial revolution 4.0 has taken place dramatically, leading to many new business fields appearing, affecting the way of working and skill requirements in the labor market. Accordingly, the demand for human resources in the field of business administration has also increased in both quantity and quality to meet the development needs of the economy. Not out of that trend, higher education must also innovate to adapt to IR 4.0. The competition in the field of undergraduate training in business administration is rapidly increasing, as many universities open majors to attract students to apply to the university. In order to maintain their position in the field of training, universities need to improve the quality of training to meet the requirements of employers as well as equip learners with the necessary skills to be able to start up their own businesses after graduation. The article is based on both secondary and primary data on the opportunities and challenges that IR 4.0 brings to all sectors of the national economy and the requirements to improve the quality of undergraduate training in business administration to meet the requirements of the increasingly volatile job market.