The Effectiveness of Employee Training on Firm Performance: Evidence from Vietnam
Young-Hee Kang, Kyunga Na

Abstract
This study aims to test how employee training affects the performance of firms in Vietnam. Despite robust and stable economic growth of Vietnam, little research has been conducted on the effectiveness of human resource development of Vietnamese companies because it is difficult to obtain firm-level data of Vietnam. To fill this gap, using firm-level data, this study analyzes the effects of vocational skills training, managerial/leadership training and interpersonal/communication skills training on firm performance. To this end, this research obtains a final sample of 852 firms from the World Bank Enterprise Survey (WBES) database in 2015 and constructs an ordinary least squares regression to identify the types of employee training program on the sales growth rate. The results show that vocational skills training and managerial/leadership training have significantly positive impact on the sales growth rate.

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