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Building a competency framework from an HR expert

2023-01-06

Building a competency framework from an HR expert

The competency framework in the enterprise acts as a "lifeline" to help unleash the team's capacity to the maximum with minimal effort.  The following article will provide managers with a comprehensive perspective on  building a human resource framework. Competence is the most important competitive factor of each organization. Having a specific, accurate and strategic framework for each functional...
6 labor – salary policies starting from January 2023

2022-12-30

6 labor - salary policies starting from January 2023

Apart from being in a festive mood to greet the new year, the last days of the year are also the most stressful for many people. Most employees are preoccupied with shopping, taking care of their families, decorating their houses, and dealing with working pressure when tasks must be completed before the holidays. However, in addition to these concerns, businesses and employees must be aware of the labor-salary...
What Companies Need to Know Before Investing in AI

2022-12-25

What Companies Need to Know Before Investing in AI

In recent years, AI has become more powerful and its applications to business have increased dramatically. As a result, companies that hadn’t seriously considered using AI are taking a fresh look. The appeal is obvious: different forms of AI can enhance performance through prediction, automation of routines, identification of images essential to operational activities, or the identification of key words,...
Issues surrounding building high-quality human resources for FDI enterprises

2022-12-09

Issues surrounding building high-quality human resources for FDI enterprises

Human resources are always the key factor determining the success of an enterprise. In order for the business to develop, the human resources must be strong and professional. Therefore, when "launching" the Vietnamese market, besides learning about documents and hiring a representative office, building quality human resources is indispensable. Building quality human resources - Problem for foreign...
Human Resources 4.0: Easy but difficult for HR

2022-12-02

Human Resources 4.0: Easy but difficult for HR

At the age of 4.0, one of the most frequently asked questions by the human resources (HR) department is, "What does human resources (HR) need to do to create human resources for businesses with complete capabilities, continually updated with new knowledge?" When it comes to this issue, the major solution is to continue focusing on teaching old skills, paying attention to future labor skills, and, most...
SMEs and Automation

2022-11-24

SMEs and Automation

Faced with market changes, small and medium businesses must try to create a difference in order to preserve a competitive edge and ensure long-term growth. As a result, the automation of the human resource department becomes more concentrated, becoming an essential component that supports the implementation of tasks in the business's operational process. What is Human Resource (HR) Process Automation? The...
For business: Vietnamese VAT and what businesses need to know

2022-11-17

For business: Vietnamese VAT and what businesses need to know

Value-added tax (VAT), is an indirect tax that is added to the selling price of products and services and is paid by the customer when the product is used. Although the customer pays the VAT, the person who directly meets the State's tax duty is the production and business unit. To have a better understanding, let's look at some key components of Vietnam's VAT, such as which items and services are taxed,...
#Youmustknow: Salary computation and payment

2022-11-11

#Youmustknow: Salary computation and payment

Salary and the important role of salary computation Salary is established on the basis of the worth of labor power through an agreement between the business and the employer, and is regulated by economic rules such as supply and demand, value, etc. As a bridge between employees and businesses, firms must pay special attention when calculating and paying employees' salaries. This stage is directly...
How to setting up a representative office in Vietnam

2022-11-07

How to setting up a representative office in Vietnam

If you’re looking for easy entry into the Vietnam market, a representative office is the best option to go for. Low-cost, easy to manage, and not subject to most local taxes, etc. No wonder most foreign companies first penetrate the Vietnam market as a representative office. Eligibility for Setting up a Representative Office in Vietnam Because a representative office is just the basic level...
Start a business in Vietnam – What should FDI enterprises prepare?

2022-11-04

Start a business in Vietnam - What should FDI enterprises prepare?

According to the Investment Report 2021 of the United Nations Conference on Trade and Development (UNCTAD), Vietnam ranked 19th when attracting 16 billion USD from FDIs in 2020, up 5 places from 2019 and surpassing Japan (20th place with 10 billion USD). Due to the region's dynamic economy, large labor resource, and state-sponsored incentives for international enterprises, Vietnam is steadily rising...

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