managing the challenges in internal audit in accordance with decree 05

Managing the challenges in internal audit in accordance with Decree 05

Three months after the end of the transitional provisions of Decree No.05/2019/ND-CP on April 1, enterprises covered by the decree have implemented internal audit functions and gradually improved their internal audit work. However, during the implementation, many enterprises have faced obstacles in how to structure their internal audit organisation and approach people effectively and efficiently.
upskilling for growth vietnam angle

Upskilling for growth – Vietnam angle

In recent years, the world has seen technology develop at an unprecedented pace. Coupled with the ongoing pandemic, this acceleration in digital transformation is creating a skills imbalance unlike any we have seen before. In order for digital transformation to happen, upskilling needs to keep up at an even faster pace.
navigating the transition from libor

Navigating the transition from LIBOR

The transition from the London interbank offered rate to the risk-free rate will have a wide-ranging impact on banks globally. In the Asia-Pacific region, a significant number of banks will be affected by the transition as most floating rate loans are denominated in USD. Japanese yen loans also make up a significant portion of total exposures.
focusing on compliance of social led governance criteria

Focusing on compliance of social-led governance criteria

Environmental, social, and corporate governance (ESG) criteria are internationally seen as the foundation of long-term sustainable growth. Robust ESG initiatives could thus help companies access a larger pool of high-quality capital, especially from value-based investors. Dr. Bournet Gregory, partner, head of Corporate Finance at PwC Vietnam and Malaysia, explained to VIR’s Celine Luu how a holistic approach to sustainability could impact the mergers and acquisitions landscape.
creating enabling environment for digital workers

Creating enabling environment for digital workers

With more than 20 years of experience in designing and implementing complex IT solutions and building a team of talented people for many businesses in digital transformation, Vo Tan Long, chief digital officer of PwC Consulting Vietnam, shared with VIR’s Hoang Oanh the key factor determining the success of human resources digital transformation.
high optimism on the future of work

High optimism on the future of work

Based on its recent public survey among Vietnamese people around technology, jobs, and skills against the backdrop of COVID-19, PwC has launched a Vietnam Digital Readiness report for the first time.
long term development commitments realised through strategic ma moves

Long-term development commitments realised through strategic M&A moves

A potential rise in mergers and acquisitions is sparking concerns that local firms will lose competitiveness by selling themselves to foreign investors. However, experts believe that local businesses have more to gain than to lose by striking deals.
stepping up internal audits for businesses

Stepping up internal audits for businesses

According to Decree No.05/2019/ND-CP dated January 22, 2019 on internal audit (IA), target groups have until April 1, 2021 to deploy the IA function.
tomorrows deal dynamics for mergers and acquisitions

Tomorrow’s deal dynamics for mergers and acquisitions

Today’s economic environment is uncharted territory. The ways in which a business makes money in this new world will not necessarily be the same as before. Different skill sets are required, technological transformation will need to be accelerated, and supply chains may need to be adapted or localised.
getting to grips with digital change

Getting to grips with digital change

Human resources and an appropriate legal framework are seen as the backbone of the digital transformation, yet both remain limited. VIR’s Van Nguyen discussed with PwC Vietnam’s general director Dinh Thi Quynh Van possible solutions that could be implemented sooner rather than later.
employee experience as a catalyst for growth

Employee experience as a catalyst for growth

Employees are the lifeblood of any organisation. With technology advances entering the workplace, more people than ever are seeking out uniquely human elements in their work experience. By putting employee experience at the heart of the workplace, businesses can create an environment in which their people will gain a sense of purpose and remain motivated. 
ifrs for better financial reporting in vietnam

IFRS for better financial reporting in Vietnam

The recent announcement of a roadmap for international financial reporting standards (IFRS) in Vietnam marks a key milestone on the path of improvement of financial reporting quality in the country.
addressing nextgen unique needs

Addressing NextGen unique needs

The next generation is ready to take the baton at Vietnamese family businesses, putting to the task their fresh ideas. However, many of them feel discouraged by the lack of opportunities for advancement and career development at these family businesses. Hoang Hung, Entrepreneurial and Private Business leader at PwC Vietnam, discusses with VIR’s Hoang Anh this conflict highlighted by PwC’s latest report.
pwc study 24 billion trapped in net working capital in 2018

PwC study: $24 billion trapped in net working capital in 2018

Opportunities for cash release from working capital in the 2018 fiscal year would be more than $11 billion, according to the latest findings highlighted in PwC Vietnam’s second edition of the annual working capital study “Cash for growth or growth for cash?” 
smart risk protocols for a digital age

Smart risk protocols for a digital age

Risk management experts are facing a critical moment. While many technology risks are not new, faster adoption of digital initiatives could increase them beyond manageable levels. Pho Duc Giang, director of  PwC Vietnam Cybersecurity Ltd., looks into how business leaders could leverage efficient risk management to succeed in their digital transformation journey.