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Spotlight on HR in Vietnam

Posted: 20.08.09

In this update, we look at the uniqueness of the HR market in Vietnam. Vietnam represents one of the fastest growing high-potential markets for multinationals conducting business in Asia. However the country is still in a relatively early phase of market liberalisation and, as this article illustrates, there exists a number of singularities that need to be navigated.

Of all the key considerations that need to be taken into account when assessing HR in Vietnam, below are what some would say are the key factors.

Training technical know-how

Sometimes even international MBA graduates with previous experience at other MNCs may not have all the necessary skills that you’re looking for in Vietnam. Learning & Development must therefore be an early priority in any HR role. In the context of Financial Services organisations for example, it may be difficult to find external agencies that can manage training in specialist skills such as investment advisory, asset allocation, or high net worth relationship management. However on the plus side, the Vietnamese are in general very responsive to training, and the investment made in skills development can also help to maintain a high engagement level of key operating and managerial staff.

This is an excerpt. For the full press release, please download the PDF version below.