City: Ho Chi Minh
GDP (nominal) 2012
- Total US$138B
- Per capita US$1.5K
GDP: (PPP) 2012
- Total US$321B
- Per capita US$3.6K
Perceptions Index (2012): 31
Vietnamese dong (VND)
Government: Socialist republic
became part of French Indochina in 1887. It achieved independence in
1954 after remarkable success on the battlefield. The country was
divided into Communist North and anti-Communist South Vietnam. United
States involvement gradually increased during the 1960’s in South
Vietnam but was withdrawn by 1973. The Communist North seized control
of the South and reunited the country in 1975. Vietnam then stagnated
economically but enacted liberalization reforms in 1986 that began to
have positive affect.
Today, Vietnam has an extraordinary successful economy with a strong
future. It is attracting significant investment from a range of
industries and countries.
of Management Talent
is a fast growing emerging powerhouse. That said, most international companies have only been operating
in the country for less than 10 years -- and most much less than
that. Given that more than 10 years are required to develop
senior management talent, it is clear that there are few
local managers available who are capable of working at international
has been an influx of Vietnamese returnees who are said to be very
good quality but the demand for such people is vastly more than
the supply. International companies expanding or setting up
in Vietnam will need to consider relocating expatriates to run
operations. One common
strategy is to use internal expatriates for senior roles or hire
Asian nationals (especially Filipinos and Malaysians).
was a restrictive communist country until recently. There
is a very small supply of managers with international schooling.
the past, there were very few multinational companies in Vietnam to serve as
training grounds for local managers to develop international
skills. Local companies are considered unable to perform
this function at this early stage of their development. Most
international companies need to consider relocating expatriate
managers in order to participate in this market.
Vietnam has been one of the fastest growing economies in the
region for the past few years and has attracted a large number of
international companies setting up operations. Each new
locator is desperate to hire staff and severe problems with staff
retention (and salary escalation) have emerged. Most companies have
considered relocating expatriates for management roles in Vietnam
until adequate supplies of local managers can be developed.
are a small number of people who speak French and English in
managers are not often considered for roles elsewhere in Asia for
various reasons. Their skills are often in such demand in
their own country that there is no reason for them to consider
the tremendous success of the Vietnamese economy and the reality
that few people have international management experience, the cost
of those who are available is higher than would be expected for a
small emerging market. International managers complain
bitterly about the cost of management salaries and the quality of
the skills they receive. A further great expense is related
to staff turn-over which is one of the highest in the
this e-book to learn all you need to know to
get the best people on your bus
and drive it to greatness.
A global manager's failsafe
guide to dominating any industry
by employing its dominant
New sections are being added so
check back regularly.
Send your comments and
& Management Consulting:
Associates provides its Executive Search and Recruiting services throughout the emerging countries of the Asia Pacific
region with specific focus on Philippines, Singapore, Malaysia, Indonesia, Vietnam, Cambodia, Laos.
proactive and well known in our sectors of focus. Regional
Managers use us to help bridge the gap between local environments and
the world-class requirements of multinational corporations.
o n t a c t U s
+ 632 822 4129
CEO Forum presented by PLDT ALPHA Enterprise is the largest
regular business event in Philippines and considered one of the
most important in the Southeast Asia region. The forum serves as a
hub for the spreading of ideas that help executive managers
overseeing enterprises across the Asia Pacific region.
Attendees are both expatriate and Asian management personnel
overseeing multinational and regional organizations. Held in
Philippines, presenters are leaders in their industries and
engaged in momentous pursuits of significance to the entire
CEO Forum is operated as a CSR (Corporate Social
Responsibility) activity of Chalre Associates, one of Southeast
Asia's most prominent senior management executive search firms, to
promote Philippines as a premier business destination in the Asia
Here to go to Asia
CEO Forum now!
CEO Awards presented by Aseana City represents the
grandest alliance of local and international business people ever
created to promote Philippines on the world stage. As one of the
largest events of its kind in the Asia Pacific region, it is
considered a must-attend occasion for business leaders active in
The star-studded Board of Judges of Asia CEO Awards give
away 10 awards to many of the most accomplished leadership teams
and individuals currently operating in Philippines and the region.
The awards recognize extraordinary leaders who have demonstrated
outstanding achievement for their organizations and contributions
As one of the fastest growing nations on the planet, the world's
business leaders have their eyes on Philippines like never before.
The annual gala was established as a natural outgrowth of Asia
CEO Forum, the largest regular networking event for the
business community in Philippines.
to go to Asia
CEO Awards now!
throughout the world call upon the Principals of Chalre Associates for thought leadership.
Below are some examples of published material written by our
consultants or international journalists who refer to them. For a complete list of published work,
Getting Ready For The
Deluge: Outsourcing in Philippines
Chalre Associates senior staff
Economist Intelligence Unit of the Economist magazine
asked Chalre Associates' Chairman, Richard Mills,
to write a chapter about the Philippine outsourcing sector
in its annual Business Guide Book. The material
provides a Executive Briefing on the progress and major
issues facing this industry that is certainly one of most
significant growth stories in the world.
Asia Pacific Mining
Conference 2007 - Report
Chalre Associates senior staff
The 7th Asia Pacific Mining Conference put on by the Asean
Federation of Mining Associations was perhaps the largest
such event in the region. Richard Mills, Chairman of Chalre Associates
gave this report on what was said by the prominent mining
people who presented.
State of BPO in Philippines: Dan Reyes Speaks
Chalre Associates senior staff
Mills, Chairman of Chalre Associates,
interviewed Dan Reyes of Sitel for ComputerWorld (US) recently to get
his views on the state of the BPO industry in Philippines. Dan
presented US readers with compelling information to support his view
that Philippines is currently seen as the "Number 1" option by global
companies sending BPO work to offshore destinations.
Dan Reyes is easily one of most experienced Business Process
Outsourcing (BPO) managers in the Asia Pacific region and the world. He
is head of the extremely successful Philippine operations of Sitel, the
world's largest call center organization. Among other things, he is a
founder and former president of the Business Processing Association of
the Philippines. more