International Journal of Financial Management and Economics
Vol. 3, Issue 1 (2020)
Staff motivation policy of foreign companies in Vietnam
Dr. Nguyen Hoang Tien, Tran Duy Thuc, Phung The Vinh and Dang Thi Phuong Chi
Due to globalization, Vietnam's economy has been greatly transformed in a way that attracts more foreign businesses. Vietnam is still a developing country and is known as a safe and friendly country, in addition to gaining a reputation for natural tourist attractions and providing great opportunities for business activities. Vietnam is currently a hot topic of international interests, so the establishment of international businesses in Vietnam has been constantly evolving over the years. In today's highly competitive labor market, every business should develop its own policy to attract and retain talent. This article provides a summary of strategies for motivating employees and describing how those impact the organization's performance and development. This article not only provides a detailed policy, but also illustrates the process by which those strategies have been used in specific companies.