The policy is part of Government efforts to support businesses and people. Read more
Vietnam’s Efforts to Support a Green Strategy for Automotive Industry
With 6.5 million cars and 74 million motorcycles, Vietnam is the second-largest emitter of greenhouse gases (GHGs) from road transport in Southeast Asia, following Indonesia. Emissions from road vehicles in the country are rising rapidly, with an average annual increase of about 15 per cent over the past decade. Read more
Vietnam M&A Market_Waiting for Big Deals in 2024
In the first seven months of 2024, foreign investment channel into new and existing projects increased sharply compared to the same period last year, by 35.6 per cent to US$10.8 billion and 19.4 per cent to nearly $5 billion, respectively. Read more
2024_Realized FDI Capital Reached a Record High in 5 years
According to the recently released data by the General Statistics Office, in the first six months of this year, the implemented foreign direct investment (FDI) in our country is estimated to have reached $10.84 billion, an increase of 8.2% compared to the same period last year. This is the highest amount of implemented foreign direct investment for the first half of the year in the past five years. Read more
Vietnam FDI Data for Investment and Development in the first 6 months of 2024
As of May 20, 2024, the total newly registered capital, adjusted capital and capital contributions and share purchases of foreign investors stood at over 11.07 billion USD, a year-on-year rise of 2%. Read more
Glocal HR: Balance between Local and Global HR
The word ‘Glocal’, a portmanteau of global and local, has long fascinated me. Emerging from the Japanese word ‘Dochakuka’, it simply refers to global localization. Another origin of the term comes from the saying, “Think Global, Act Local.”
No local strategy is purposely old-fashioned, as some modern thinkers might believe. When local teams are encouraged to adopt any new shift, you will immediately sense uncertainty around it. Evidently, any change driven by a global strategy can lead to differing views in the workplace.
However, Glocal HR retains its geographical, local roots that cannot be ignored. An organisation and its HR functions must be global in scale but local in implementation. Read more