The Talentnet Corporation announced the establishment of representative offices in Singapore and a new branch in Cambodia in January. This is a remarkable milestone for Talentnet, a human resources (HR) consulting firm with 100 per cent Vietnamese capital.

It was first established in 2007, with only 12 employees and one Executive Search & Selection service. Nearly 20 years later, Talentnet has increased its employee numbers 25-fold, participated in more than 1,000 HR projects, and provided comprehensive HR solutions to most multinational corporations and large enterprises in Vietnam.

It has been a strategic partner of two renowned global names in the HR management industry based in the US: Mercer and ADP Streamline. This cooperation has helped Talentnet bring international standard methodologies to Vietnam that are used by thousands of global corporations.

As a Vietnamese enterprise, Talentnet possesses a profound understanding of the domestic business landscape and labor regulations. It has therefore developed a distinctive business philosophy known as “g-local” - global thinking, local action - affirming its standing as a leading HR consulting firm in Vietnam.

“This expansion not only signifies Talentnet’s efforts in becoming a regional enterprise, but also presents opportunities for the company to provide support and guidance to Vietnamese businesses as they venture into the region,” said Ms. Tieu Yen Trinh, Founder and CEO of the Talentnet Corporation.

Accompanying domestic partners in boosting Vietnam’s reputation

Ms. Trinh further emphasized that despite the ongoing regional expansion, with a focus on targeting Cambodian and Singaporean businesses, Talentnet’s primary mission remains to accompany and assist Vietnamese businesses in their development.

In particular, as Talentnet establishes a presence in the region, it is now able to provide support to Vietnamese businesses seeking to establish overseas offices, for example in Cambodia, which is a market experiencing a growing influx of investments from Vietnamese enterprises. Thanks to predominantly local consultant teams, Talentnet possesses valuable insights to assist local partners in identifying business opportunities and executing market entry strategies with precision.

In Singapore, the context is reversed, as Vietnam increasingly attracts investments from the country. In understanding Vietnam’s labor market, Talentnet can support foreign businesses in entering the country, ensuring compliance with government regulations and contributing to the country’s overall economic welfare. “Further is the goal to foster closer ties between foreign enterprises and Vietnam’s labor market through the exchange of knowledge, experience, and cooperation,” Ms. Trinh added.

In terms of Talentnet’s strategic vision when conducting regional expansion, Ms. Trinh emphasized that with a presence in the region, the company can now play a bridging role, supporting Vietnamese enterprises in expanding into neighboring markets. “With proven professional capacity and the ethos of a Vietnamese enterprise that comprehends the national ethos, Talentnet is committed to actively accompanying and harmonizing efforts to enhance the reputation of Vietnamese businesses and the nation to the international community,” she said.