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
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 Trends Reshaping Supply Chain Operations in Vietnam 2024
The supply chain operations in Vietnam are undergoing significant transformation driven by digitisation, infrastructure development, sustainability efforts, and global integration. Embracing these trends will be crucial for businesses to enhance their competitiveness, resilience, and efficiency in the dynamic global market of 2024. 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 cuts VAT to 8% till Year end 2024
The Government of Vietnam issued a decree on June 30, reducing the value-added tax (VAT) on goods and services from July 1 to December 31 2024.
This move follows a National Assembly resolution adopted on June 29. Read more