For Japanese companies, Vietnam is an attractive market for foreign investment, although the vagaries in the marketplace, along with its differing labour and business laws don’t necessarily invite smooth entry.
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Increasingly, Japanese firms are finding that tapping into the local workforce skills and, most especially, recruitment of senior staff is a prerequisite to a successful expansion strategy to penetrate the market.
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“Over 85% of foreign owned companies, including Japanese firms, need Vietnamese qualified senior personnel who can manage their companies in the startup phase and beyond” reports Nguyen Thi Van Anh, Managing Director of Navigos, an established executive recruitment agency.
Vietnamese candidates are in high demand, especially by Japanese companies thanks to their excellent oral and written communication skills, work experience and high-skill levels, said Van Anh.
Representatives from The Japan External Trade Organization (JETRO) in turn report that, in the coming time, Japanese firms have plans to invest heavily in the field of high technology and fully anticipate the demand for qualified human resources will increase dramatically, especially information technology (IT) senior engineers.
Currently, there are more than 2,000 Japanese companies are investing in Vietnam, including representative offices.
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