training and cooperation at heart of ifrs compliance

Training and cooperation at heart of IFRS compliance

Preparation for the conversion to and adoption of International Financial Reporting Standards (IFRS) by Vietnam-based companies is one of the most important steps towards propelling economic development with greater transparency. However, various challenges still colour the landscape.
identifying emerging risks in the current business environment

Identifying emerging risks in the current business environment

In today’s interconnected world, the rapidly changing risk landscape of corporations has become more dynamic. The interconnection and interdependencies within the value chain give rise to changes in business models. This has challenged many to think about how to manage risks in such an unpredictable business environment.
vietnam on cusp of financial reporting standards upgrade

Vietnam on cusp of financial reporting standards upgrade

The Ministry of Finance has taken a major step forward in its efforts to raise the bar for the country’s financial status with the future integration of International Financial Reporting Standards – the most widely-used accounting language across the globe.
utilising esg for business resilience and momentum

Utilising ESG for business resilience and momentum

The ongoing pandemic has prompted companies and leaders to rethink and redefine their vision for success. The KPMG CEO Outlook found that the priorities of corporate leaders are changing. Environmental, social, and governance (ESG) matters have taken centre stage as stakeholders look to businesses to play a wider role in tackling social and economic challenges. In turn, companies have sought to respond, recover, and enhance their resilience to the evolving environment.
kpmg exclusive 3 transformative changes in mobility

KPMG exclusive #3: Transformative changes in mobility

Vietnam has been grappling with heavy-impact mobility challenges, prompting employers to change focus. KPMG Vietnam’s recent Tax and Legal Institute highlighted the most critical trends affecting business in the years ahead. In the third of a series of four interviews on these findings, Andrea Godfrey, partner, head of Global Mobility Services of KPMG in Vietnam discusses with Tom Nguyen how mobility and employee expectations are changing for businesses in Vietnam.
kpmg exclusive 1 major tax and legal changes on horizon

KPMG exclusive #1: Major tax and legal changes on horizon

The world is at flux and Vietnam is on the precipice of generational changes. KPMG Vietnam’s recent Tax and Legal Institute put the limelight on the most critical trends affecting business in the years ahead. In the first of a series of four interviews on these findings, Hoang Thuy Duong, head of Tax of KPMG in Vietnam discussed with Tom Nguyen just how complex the current regulatory and tax landscape is for businesses in Vietnam.
quick reversals expected as new normal gradually replaces lockdown gloom

Quick reversals expected as new normal gradually replaces lockdown gloom

The latest KPMG CEO Outlook for 2021 shows a revival in business confidence as COVID-19 restrictions are lifted and life returns to a new normal. Warrick Cleine, chairman and CEO of KPMG in Vietnam and Cambodia, shared with VIR’s Tom Nguyen what changes the world can expect in the rebound.
tailored ifrs training for state securities commission employees

Tailored IFRS training for State Securities Commission employees

The State Securities Commission of Vietnam, in collaboration with leading auditing firm KPMG Vietnam, has recently hosted a training programme on International Financial Reporting Standards (IFRS) for employees working at the commission (SSC), Hanoi Stock Exchange (HNX), Ho Chi Minh City Stock Exchange (HSX), and Vietnam Securities Depository (VSD).
escaping the depths of the semiconductor chip shortage

Escaping the depths of the semiconductor chip shortage

The semiconductor chip shortage, a deteriorating supply chain issue affecting businesses all across the world, shows no signs of abating anytime soon. Meir Tlebalde, associate director cum head of Real Estate M&A, Deal Advisory at KPMG Vietnam, explained more to VIR’s Thanh Van about the impact for Vietnam.
self promotion key for izs to pick up electronics greats

Self-promotion key for IZs to pick up electronics greats

Although Vietnam’s industrial zones have demonstrated their attractiveness in alluring many top multinational corporations, they need to focus more on legal procedures, addressing labour problems, and giving more straightforward guidance to attract even more international investors.
fresh business models vital to riding pandemic wave

Fresh business models vital to riding pandemic wave

Vietnamese businesses being are encouraged to adjust their strategy and address the lack of capital as well as difficulties in accessing funds.
an agile approach to data analytics

An agile approach to data analytics

For the past few years, data analysis has been a central factor used in business decisions, specifically aimed at generating new growth (based on deep customer insights, and by creating new experiences), enhancing productivity, and managing risk. Especially in the financial industry, to support business decisions, organisations adopt various forms of analytics, from traditional ways to those based on real-time, machine learning or other cutting-edge techniques.
digital foundations for increased sme agility

Digital foundations for increased SME agility

COVID-19 has resulted in a mixed bag for businesses large and small, highlighting the need for agility and resilience. Warrick Cleine, chairman and CEO of KPMG in Vietnam and Cambodia, shared with VIR’s Tom Nguyen the key takeaways for smaller and mid-sized groups.
landmark corporation tax deal changes the game

Landmark corporation tax deal changes the game

Last week, the G7 countries agreed on a historic deal for a global minimum corporate tax rate for international companies.
forgotten rights in use of sci tech development fund

Forgotten rights in use of sci-tech development fund

In a meeting with the Ministry of Science and Technology last month, Prime Minister Pham Minh Chinh opined that “it is necessary to design appropriate institutions, mechanisms, and policies so that thousands of businesses and the whole of society can participate in promoting the development of science and technology.”