For a business to be successful, focus should be on developing staff,participants said at a panel discussion on "CEO perspectives on HRmanagement" held in Ho Chi Minh City.
Businesses depend on manyfactors, including capital, technology and human resources, but ofthese, HR plays a decisive role in success, said Nguyen Trong Dam,Deputy Minister of the Labour, Invalids and Social Affairs.
If a business has high-quality HR and a good management policy, it could promote their employees' potential, he said.
Nguyen Ngoc Hoa, Chairman of Saigon Co.op, said HR was even more important in the time of economic integration.
HRpractitioners must understand the business operations of theircompanies and their staff in order to develop appropriate HR strategiesto maximise the latter's potential.
"Besides training, companiesneed to develop their business culture, and create a good workingenvironment to retain people," he said.
Delegates at the event agreed that local companies were paying more attention to making their HR management more professional.
Enterprises investing in people and in HR management usually achieved great success, they said.
EdwardFoong, assistant honorary secretary of the Singapore Human ResourcesInstitute (SHRI), said Vietnam had grown quickly after entering theWorld Trade Organisation 2007.
HR managers in Vietnam werebecoming more capable, with more Vietnamese people taking leadershippositions in HR departments today, he said.
In Vietnam, companies had a more relationship focus and different companies had their own practices.
HRmanagement in Singapore was more standardised across the entirecountry, and HR practitioners pulled together to share experience andknowledge, he said.
A combination of a relationship focus and standardisation would be better for the HR community in Vietnam, he said.
"TheHR community needs to continue to upgrade to be more confident, to earnthe seat next to the CEO of an organisation and not see yourself as anadministrator only doing transactions," he said.
"I see Vietnamas being in a very similar situation to Singapore many years ago. Moreand more people enter the HR community because they realize theimportance of the HR's contribution to the company.
A few years from now, Vietnam HR community and Singapore HR community could be on par with each other, he said.
Torecognise HR people as well as create a platform for HR practitionersto share experience, the Talentnet Corporation and the Labour and SocialAffairs newspaper on August 19 launched the Vietnam HR Awards, thefirst of its kind in the country.
Endorsed by the Ministry ofLabour, Invalids and Social Affairs, the awards aim to honourorganisations that have achieved overall effectiveness in their HR andpeople management practices, and have established common codes formeasuring HR management, said Tieu Yen Trinh, General Director ofTalentnet Corporation.
Based on the professional methods of theSingapore Human Resources Institute (SHRI), the awards also aim toconnect enterprise owners and staff through raising awareness about HR'srole.
Any business operating in Vietnam for at least threeyears with a staff of at least 100 people are encouraged to apply forthe awards.
Registration is now open until September 19, and awards will be presented in December.-VNA
Businesses depend on manyfactors, including capital, technology and human resources, but ofthese, HR plays a decisive role in success, said Nguyen Trong Dam,Deputy Minister of the Labour, Invalids and Social Affairs.
If a business has high-quality HR and a good management policy, it could promote their employees' potential, he said.
Nguyen Ngoc Hoa, Chairman of Saigon Co.op, said HR was even more important in the time of economic integration.
HRpractitioners must understand the business operations of theircompanies and their staff in order to develop appropriate HR strategiesto maximise the latter's potential.
"Besides training, companiesneed to develop their business culture, and create a good workingenvironment to retain people," he said.
Delegates at the event agreed that local companies were paying more attention to making their HR management more professional.
Enterprises investing in people and in HR management usually achieved great success, they said.
EdwardFoong, assistant honorary secretary of the Singapore Human ResourcesInstitute (SHRI), said Vietnam had grown quickly after entering theWorld Trade Organisation 2007.
HR managers in Vietnam werebecoming more capable, with more Vietnamese people taking leadershippositions in HR departments today, he said.
In Vietnam, companies had a more relationship focus and different companies had their own practices.
HRmanagement in Singapore was more standardised across the entirecountry, and HR practitioners pulled together to share experience andknowledge, he said.
A combination of a relationship focus and standardisation would be better for the HR community in Vietnam, he said.
"TheHR community needs to continue to upgrade to be more confident, to earnthe seat next to the CEO of an organisation and not see yourself as anadministrator only doing transactions," he said.
"I see Vietnamas being in a very similar situation to Singapore many years ago. Moreand more people enter the HR community because they realize theimportance of the HR's contribution to the company.
A few years from now, Vietnam HR community and Singapore HR community could be on par with each other, he said.
Torecognise HR people as well as create a platform for HR practitionersto share experience, the Talentnet Corporation and the Labour and SocialAffairs newspaper on August 19 launched the Vietnam HR Awards, thefirst of its kind in the country.
Endorsed by the Ministry ofLabour, Invalids and Social Affairs, the awards aim to honourorganisations that have achieved overall effectiveness in their HR andpeople management practices, and have established common codes formeasuring HR management, said Tieu Yen Trinh, General Director ofTalentnet Corporation.
Based on the professional methods of theSingapore Human Resources Institute (SHRI), the awards also aim toconnect enterprise owners and staff through raising awareness about HR'srole.
Any business operating in Vietnam for at least threeyears with a staff of at least 100 people are encouraged to apply forthe awards.
Registration is now open until September 19, and awards will be presented in December.-VNA
