Vietnam is a developing country with an emerging market and a young workforce. With its booming economy, many entrepreneurs consider establishing their company to expand their business in this country.
For business owners planning to establish a company in Vietnam, it is required to comply several corporate guidelines. These include translating the notarized documents in Vietnamese, a public declaration of the company establishment, and, hiring and registering the employees with the ministry of labour.
Additionally, finding the right talent to assist in your business, can be a challenging task. When it comes to employing the right talent for the offshore company in Vietnam, it would be ideal to seek help from corporate service agencies. Learn more through this blog on how corporate service providers can help an offshore company for its executive recruitment needs.
Finding the Right Talent for the Offshore Company in Vietnam
Veteran entrepreneurs understand that hiring good employees will ensure that the business will have streamlined operations. That is why it would be best to seek advisory solutions from reliable corporate service agencies.
Their understanding of the local work culture can guide the entrepreneur when hiring the right individual for the position. They offer advisory solutions which can promote a healthy work relationship thus, boosting the workplace morale and productivity.
Business Solutions Offered by Corporate Services
Actually, Vietnam has improved its educational standard when it comes to its skilled workers [2014 Vietnam Development Report]. This means that there is a widespread workforce across all fields of study.
For businesses and entrepreneurs, tapping into corporate service agencies can help in finding ideal individuals for offshore company needs. Here are other corporate service solutions offered by consultancy firms.
Help Find the Ideal Region to Setup
There are many regions in Vietnam that specialise in different markets such as retail, shipping and internet marketing (Deloitte). By having a corporate service provider, entrepreneurs and/or business can be guided on where is the ideal location to set up the business.
Offer Insight Regarding the Work Environment
Vietnam is a new market with a young working population. And, business owners may be unfamiliar with the working principle of this younger generation of workers. So, entrepreneurs who want to better understand the Vietnamese work ethic can consult a corporate service provider.
Their insight can help the business owner understand what the employee expects of their employer. This may help bolster the worker-entrepreneur cooperation and reach the company goals.
Provide Solutions for Corporate Compliance
Offshore company owners must provide a report if the offshore company employs Vietnamese workers in the country. Consulting corporate service firms regarding this process ensure that this requirement is filed correctly and on time.
Seek Executive Hiring Solutions from Corporate Service Agencies
Vietnam’s renewed focus on international investment opens up lucrative business opportunities for many entrepreneurs. But, finding the right employees in this unfamiliar jurisdiction can be a challenging task.
Established company service agencies can offer expert advice and executive hiring solutions that the company needs. So, get professional corporate advice from reliable corporate service providers for executive recruitment needs.
References:
Vietnam Young Enthusiastic Workforce, remoteresources.com
Why Vietnam Still Attracts Emerging-Market Bulls, marketwatch.com
Skilling up Vietnam: Preparing the workforce for a modern market economy Vietnam Development Report 2014 [PDF], worldbank.org
Retail in Vietnam Emerging market, emerging growth [PDF], deloitte.com
Understanding Vietnam’s Recruiting Requirements, vietnam-briefing.com
