Challenges and prospects for HRM Recent research on management practices in Vietnam (Zhu and Fahey 1999 Zhu, 2002; 2005; Kamoche,2001;Thang and Quang, 2005: Thang etal., 20") provides Some evidence to Support the view that the higher value a company puts on HR, the more extensive is the practice of HRM in those companies. In this context it is observed