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

Ecosystem of Vietnam Pharmaceutical Market

Market Overview

The Vietnamese pharmaceutical market is experiencing significant growth, driven by an expanding middle class, increasing healthcare expenditure, and rising demand for quality healthcare products. The market offers opportunities for both domestic and international pharmaceutical companies, focusing on generic drugs and increasing emphasis on research and development. Read more

The Future of Logistics in 2024

In 2024, the logistics industry is poised for significant transformation driven by technological advancements, a focus on sustainability, and the continued growth of e-commerce. Companies will need to adapt to these changes by embracing innovation, enhancing supply chain resilience, and leveraging data to make informed decisions. The integration of advanced technologies and collaborative platforms will be essential for staying competitive in this dynamic landscape. Read more

Vietnam Import and Export Statistics in 2024

Economic Overview

Vietnam’s import and export activities opened with a $58.49 billion turnover of goods in the first quarter of 2023​ . The central-to-market economy plan has transformed the country from one of the poorest into a lower-middle-income country. Since the Doi Moi reform period, the country’s five-year directive and indicative planning have resulted in rapid growth, earning Vietnam recognition as one of the most dynamic emerging countries in the East Asia region

The top contributors to Vietnam’s growth are the manufacturing, services, and agricultural sectors. The country’s ideal tropical climate and young workforce make it a lucrative destination for foreign investments, particularly in the tourism industry, including hotels and resorts​  Read more

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