Human resources determine the success of small- and medium-sized enterprises (SMEs), Le & Associates (L&A) general director Ngo Minh Duc told the newspaper Dai doan ket (Great Solidarity). Why do you say human resources strategy is imperative for small and medium enterprises (SMEs) ? Seventy-five per cent of an enterprise's asset lies in human capital. Yet many SMEs do not really pay much attention to the development of these resources. Many SMEs spend huge sums on salaries and training for their workers. But often, when their skills improve, many employees move to work for bigger enterprises. This is a big loss. To address this problem, SME employers should change their understanding about the intangible but invaluable asset of human capital. They must adopt suitable HR strategies to make the best use of their workers' grey matter. However, whatever scheme they choose, it should start from the enterprise's business development strategy. And that strategy must be divided into … [Read more...] about Small business growth depends on human resources development
Small business human resources
Weak competitiveness of Vietnamese human resources
According to recent statistics from the Ministry of Planning and Investment in 63,000 enterprises in 36 provinces and cities, one third of leaders of enterprises have graduated from high school. According to Vietnam Work, a work-related consultation accompany, high-ranking managers in Vietnam only meet 30-40 percent of the demand. Low quality of employees According to economists, the competitiveness of Vietnamese employees is weak, the majority of employees working in enterprises have a low skill level. Meanwhile, managers and leaders of enterprises are limited in management knowledge, which results in the low effectiveness of Vietnamese enterprises' production and business. Although cheap, the intellectual standard of Vietnamese laborers is quite high, but labor productivity only achieves an average or low level (60 percent) because they are mainly manual laborers and without industrial skills. In addition, the majority of employees working are trained by Vietnamese enterprises (85.06 … [Read more...] about Weak competitiveness of Vietnamese human resources
Human Resources Development in Vietnam: An FDI Funnel
This is one of core contents of the Annual Report: Vietnam Business 2007 to be published by the Chamber of Commerce and Industry (VCCI). It covers labour and human resources development. VCCI expects to publish the book in the middle of May. Dr Pham Thi Thu Hang, Director of Small and Medium Enterprise Promotion Centre of VCCI, the chief author of the book, said the first "Annual Report: Vietnam Business 2006" themed "WTO integration", published in 2007, resounded strongly in the business community. This year, VCCI themed the book "Labour and Human Resources Development" because Vietnam is more deeply integrating into the world and FDI capital is being increasingly injected into Vietnam. The human resource development will affect the absorption of FDI capital. Arguably, the human resource issue is a headache for most enterprises. Why did you choose only six industries this year? Unlike last year, we had comprehensive and systematic valuations. The year 2006 was the first year we … [Read more...] about Human Resources Development in Vietnam: An FDI Funnel
Human resource, infrastructure shortage hurt Vietnam IT growth
A shortage of human resources and poor telecoms infrastructure stand between Vietnam and its ambitious software revenues target of US$1 billion by 2010, experts warned Friday. At a conference in Ho Chi Minh City, the Vietnam Software Association (Vinasa) said the human resource shortage was partly due to poor training. There are 750 software firms in the country employing 35,000 people. … [Read more...] about Human resource, infrastructure shortage hurt Vietnam IT growth
ESUHAI: Pushing Up Vietnam â Japan Human Resource Cooperation
On May 2012, Ho Chi Minh City based Esuhai has become the first privately owned firm to receive ODA loan from JICA (Japan International Cooperation Agency) to build up the Vietnam-Japan Centre for Technological Workforce Training & Development. According to Mr. Le Long Son, General Director of Esuhai, this is a great opportunity for Esuhai and for Vietnamese laborers to access to Japanese labor market – one of the largest economies in the world. Vietnam Business Forum talks with Mr. Le Long Son about Esuhai’s activities and this project. Le Phuong reports. What makes Esuhai the first privately owned firm to receive ODA loan from JICA in Vietnam? As you may know, the purpose of ODA is to support developing countries such as Vietnam. Besides economic development, education & training is one of the first prioritized fields. I am so proud of being the first privately owned company to receive ODA loan from JICA. The reasons why Esuhai receive this honor include: 1) we … [Read more...] about ESUHAI: Pushing Up Vietnam â Japan Human Resource Cooperation