This study also analyses on the trending of the faculty and students to get valuable results which are accurate by applying the Mean Absolute Percentage Error (MAPE) showing low range errors. After that, this study can provide the Ministry of Vietnamese Education and Training (MOET) a good method and results to plan the education policies and resources allocation in the future. | Asian Journal of Empirical Research, 2013, 3(5): 563-575 Asian Journal of Empirical Research journal homepage: FORECASTING THE MANPOWER TERTIARY INSTITUTIONS REQUIREMENT IN VIETNAMESE Wang Chia-Nan1 Nguyen Nhu Ty2 ABSTRACT In Vietnam, the number of students has risen so fast since reform and opening-up; whereas, the faculties are not enough to be sufficient to that raising. In fact, the Bachelors are outnumbered in many Vietnamese universities. Thus, the problem is how to prepare and to reach the high qualified teaching/learning and faculty to adapt with the rising numbers of students in recent years and next years on. In addition, this research is to do analyses and get prediction values of students and faculties in all Vietnamese universities for the future by taking the statistics provided by the Ministry of Vietnamese Education and Training from 1999 to 2011 and adapting Grey Model to forecast. This study also analyses on the trending of the faculty and students to get valuable results which are accurate by applying the Mean Absolute Percentage Error (MAPE) showing low range errors. After that, this study can provide the Ministry of Vietnamese Education and Training (MOET) a good method and results to plan the education policies and resources allocation in the future. Keywords: Vietnam Education, Numbers of Students and Faculties, Grey Forecasting, Grey Model. INTRODUCTION Education now develops all around the world toward the life-long and international trend. The numbers of students and lecturers in which are the important and irreplaceable elements for any professional education to make this trend become effective and global. With the rapid development of society and economy in Vietnam since reform and opening-up, Vietnamese education has made great progress in which tertiary education also has made remarkable development and great 1 Department of Industrial Engineering and Management National Kaohsiung
