5 key components of the strategic human resources management

A panel discussion as part of the Vietnam Data Summit that was held in HCM City on June 24. — VNS Photo In the digital technology era, data analysis has become one of the leading technologies, capable of changing many aspects of the world, especially in the business field. Therefore, taking advantage of new technology to improve the competitiveness of enterprises is essential for future growth. However, not all businesses know how to process available data into useful information, delegates told the first Vietnam Data Summit held in HCM City on June 24. Lam Nguyen Hai Long, president of the HCM City Computer Association, said, according to statistics at Internet Day 2021, Viet Nam is among the Top 20 countries with the highest number of Internet users in the world. Internet penetration in Viet Nam stands at 70.3 per cent compared to 51.4 per cent on average in the world. Therefore, Viet Nam is considered to be the most promising Big Data market in Asia. “However, the … [Read more...] about Data use key for business success

The People’s Army Newspaper would like to introduce the full interview with Prof. Carl Thayer. Reporter: General Giang highlighted in his speech that Vietnam modernizes its military to protect the Fatherland only. What is your opinion? Can you give examples for that? Prof. Carl Thayer: Vietnam has been modernizing its military since the mid-1990s with priority on the navy and air defense - air force. Vietnam has also consistently allocated about 2 percent of its GDP to the defense budget. In other words, Vietnam’s military modernization process is not new. Over a quarter century Vietnam has acquired patrol boats, missile fast attack craft, Gepard-frigates, Kilo-class conventional submarines, Su-27 and Su-30 modern jet aircraft, Bastion coastal defense missiles, and surface to air, air-to-air, and anti-ship missiles. The number and armament of these platforms are sufficient for protecting Vietnam’s national interests in defending itself and protecting sovereignty of its … [Read more...] about Part 3: Transparency and strategic-trust building enhanced

Officials from the Vietnamese embassy in Japan and Dong A University join a ribbon-cutting ceremony of the representative office of the university in Tokyo, Japan. Photo courtesy of Phương Chi Da Nang (VNS/VNA) – Dong A University , the first private university in the central region of Vietnam, has officially opened a representative office in Tokyo , Japan, to boost high-quality human resources and education cooperation between Vietnam and Japan. Chairman of the university council Luong Minh Sam said the university had appointed the Japanese professor Yasuhiro Yamada as the representative in Tokyo, and the office will be a rendezvous for more than 300 students from the University in Japan and other Vietnamese students and workers. Sam said the debut of the representative office in Japan was part of the strategic education programme in supplying high-quality human resources for both Vietnamese and Japanese markets. He said the appointment professor Yamada, who had … [Read more...] about Da Nang university opens office in Japan

Officials from the Việt Nam embassy in Japan and Đông Á University join a ribbon-cutting ceremony of the representative office of the university in Tokyo, Japan. Photo courtesy of Phương Chi ĐÀ NẴNG —  Đông Á University, the first private university in the central region of Việt Nam, has officially opened a representative office in Tokyo, Japan, to boost high-quality human resources and education cooperation between Việt Nam and Japan. Chairman of the university council Lương Minh Sâm said the university had appointed the Japanese professor Yasuhiro Yamada as the representative in Tokyo, and the office will be a rendezvous for more than 300 students from the University in Japan and other Vietnamese students and workers. Sâm said the debut of the representative office in Japan was part of the strategic education programme in supplying high-quality human resources for both Vietnamese and Japanese markets. He said the appointment professor Yamada, who had experience as chairman … [Read more...] about Đà Nẵng university opens office in Japan

Three parties signed a strategic cooperation agreement On May 13, C.P. Vietnam announced at its head office in Bien Hoa that it has kick-started its digital transformation journey with SAP SuccessFactors solutions. The move will help the company enhance its HR capabilities and leverage real-time analytics for better business decisions and capabilities. C.P. Vietnam expects not only to reduce costs and drive greater operational efficiency but also to deliver an enhanced employee experience consistent with its mobile-first, cloud-first philosophy that attracts and retains talent, fosters employee engagement, and drives improved business outcomes. The company is a foreign direct investment enterprise that operates in the closed agro and food industry. Established in 1993, it has steadily grown to become Vietnam’s leading food conglomerate, covering both livestock and aquaculture businesses. The company’s food products not only meet the needs of the domestic market but are also … [Read more...] about C.P. Vietnam’s digital transformation with SAP SuccessFactors

Addressing the event, Assistant Foreign Minister and Head of SOM Canada Paul Thoppil affirmed that his country always attaches great importance to 45-year-ties with ASEAN, and underlined that ASEAN and the Southeast Asian region play a core role in the Indo-Pacific Strategy that Canada is going to announce. He said Canada hoped to engage deeper into regional cooperation through ASEAN-led mechanisms. In order to celebrate the 45-year partnership between the two sides (1977-2022), Thoppil proposed organizing an ASEAN-Canada Commemorative Summit in late 2022 in Cambodia and lift up their ties to a strategic partnership. The ASEAN member countries lauded Canada’s cooperation and support to the association over the years, including a commitment of contributing 3.5 million CAD (2.7 million USD) in five years to the ASEAN Fund for COVID-19 Response, 2 million CAD (1.54 million USD) to the ASEAN Coordinating Center for Humanitarian Assistance on disaster management, and 8.5 million CAD … [Read more...] about ASEAN, Canada seek ways to foster partnership

Inadequacies in salary are causing a shift of workers among foreign-invested enterprises. Taiwanese-backed Foxconn, the world’s largest iPhone contract manufacturer, is complaining about a battle to attract more affordable labour with its Chinese rivals in Vietnam. Young Liu, CEO and chairman of Foxconn, this month accused the company’s Chinese competitors of setting up campuses near its base in Vietnam to get closer to its workers. Foxconn’s campus, located in the northern province of Bac Ninh, currently employs around 60,000 workers, and the company has plans to increase that number over the next two years. Once the battle for workers becomes more serious, the company may face the risk of employee shortages. While the Foxconn CEO would not disclose the names of the competitors involved, the current crop of 31 companies – employing around 160,000 workers – that produce Apple products in Vietnam include major names such as Luxshare ICT, Pegatron Vietnam, and BYD Electronics … [Read more...] about Foreign groups battle to retain their workers

Large market potential According to the Vietnam Industry Agency (VIA) under the Ministry of Industry and Trade (MoIT), Vietnam’s mechanical engineering industry enjoys advantages in three main sub-sectors: motorcycles and motorcycle spare parts; household mechanics; automobile tools and parts. Specifically, domestic mechanical engineering enterprises such as VinFast, Thanh Cong, and Thaco now produce and assemble almost all types of vehicles including cars, trucks, and coaches. According to the VIA, domestically produced metal components have now met 85 to 90 percent of the motorcycle demand, 15 to 40 percent of automobile production needs, some 40 to 60 percent of agricultural and construction machinery, and about 10 percent of high-tech industry needs. Truong Thi Chi Binh, Deputy President of the Vietnam Association for Supporting Industries also said that mechanical and supporting industry enterprises now have great opportunities since Vietnam joined various free … [Read more...] about Mechanical industry seeks solutions to access global value chain

Luu Trung Thai, vice chairman of the Board and CEO of MB stated that a cashless economy is a determinant of a modern and sustainable future The statement was made at a workshop themed Digital Transformation Towards a Cashless Society on June 17 in Hanoi. The framework of Cashless Day 2022 was organised by the Payment Department at the State Bank of Vietnam (SBV) and Tuoi Tre newspaper. The CEO made a presentation on the topic of Digital Transformation in the Baking Sector and MB's best practices. He placed a focus on the practical values that are brought about by digital transformation, including risk-free transactions for customers. Despite being a major challenge, security will receive more attention in the coming time. It will be enhanced to bring exciting and smooth customer experiences. Digital transformation not only optimises operations but also cuts costs and creates new investment opportunities, which lay the foundations for businesses to thrive in the future. … [Read more...] about Revenue remains a major concern for many commercial banks during digital transformation

At the informal meeting between defense ministers of ASEAN and Japan, Japanese Minister of Defense Kishi Nobuo affirmed that Japan supports ASEAN’s centrality in regional cooperation mechanisms. He suggested the two sides strengthen defense cooperation in the fields that are important to ASEAN, including improvement of maritime security, human resource quality, cyber security, and response to impacts of climate change on regional security. Head delegates of ASEAN highly appreciated Japan’s role in maintaining peace and stability in the region. They thanked Japan for providing vaccine and giving other support for ASEAN countries in the COVID-19 fight efforts. They stressed that they back Japan’s Vientiane Vision 2.0 on promoting defense cooperation with ASEAN, creating a driving force for the maintenance of regional peace, stability and security. Addressing the ASEAN-Japan Defense Ministers’ Informal Meeting, Vietnamese Defense Minister General Phan Van Giang spoke highly of the … [Read more...] about ASEAN defense ministers meet with Japanese, Chinese counterparts