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.
pwc survey featuring vietnamese family businesses in covid times

PwC survey featuring Vietnamese family businesses in COVID times

The first report on family businesses in Vietnam by PwC has uncovered how these businesses are navigating the changing business and social environments.
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.
vbs 2020 towards a sustainable and digital future

VBS 2020: Towards a sustainable and digital future

Panel discussion participants at Vietnam Business Summit (VBS) 2020 advised that to build resilience and emerge stronger through this health crisis, businesses in Vietnam need to rethink business structure, embrace digitalisation, and engage the workforce in a more sustainable way.
pwc releases report on macro trends in financial services industry post covid 19

PwC releases report on macro trends in financial services industry post-COVID-19

PwC recently launched its latest report titled “Securing your tomorrow, today – The future of financial services” highlighting significant macro trends affecting the financial industry as a whole and their impacts on individual segments.
vietjet focus on air transport pays out in first half

Vietjet focus on air transport pays out in first half

Vietjet Aviation JSC (HSX: VJC) has announced its business results for the first half of 2020, audited by PwC, seeing a VND10.970 trillion ($477 million) in consolidated revenue, a decline of 55 per cent on-year. The airline’s post-tax consolidated profit stood at VND47 billion ($2 million).
security leaders in urgent need to reformulate cyber strategies

Security leaders in urgent need to reformulate cyber strategies

Businesses aspire to reap the benefits of the digital age. Going digital is not just a trend; it has become an integral part of the digital economy. In this increasingly digitised world, one could say that data is the new currency. And digital trust – the level of confidence in people, processes, and technology – is the backbone of the digital economy.