banks need to step up third party risk management

Banks need to step up third-party risk management

This was the main topic of a workshop themed “Managing third-party risks under Circular 18” held in Hanoi by the Vietnam Banks Association, together with PwC Vietnam and PwC Vietnam Cyber Security Services Co., Ltd.    
pwc digital transformation should be part of a bigger strategy

PwC: Digital transformation should be part of a bigger strategy

Success in the digital era would depend on the ability of businesses to embed the right technology, grow the right talent, and apply good governance practices, experts from PwC Vietnam stated at the Vietnam Business Summit 2019 in Hanoi on October 16.
growing a solid digital workforce from within

Growing a solid digital workforce from within

A new PwC global survey shows that the majority of workers want to learn new skills to improve their employability in the digital era. But what can companies do to help? Dinh Thi Quynh Van, general director of PwC Vietnam, offers some suggestions.
ifrs 17 the controversy that has not come to an end

IFRS 17: The controversy that has not come to an end

As the first comprehensive and truly International Financial Reporting Standard (IFRS) to set up a consistent accounting framework for all insurance contracts, IFRS 17 is the result of an  initiative by the International Accounting Standards Board (IASB).
banks look towards ifrs 9 practical implementation

Banks look towards IFRS 9 practical implementation

The transition to IFRS 9 will be challenging, but with careful preparations, the changes that this reporting standard brings might turn into opportunities for banks, experts from PwC and SAS said at a workshop held in Hanoi yesterday.
banks gearing up for change

Banks gearing up for change

Innovative technologies, changing customer demands, and shifting regulatory landscapes are transforming the global banking industry. John Garvey (left), Global Finanical Services leader of professional services firm PwC, and Grant Dennis (right), general director of PwC Consulting Vietnam, discuss the impact of these trends on Vietnamese banks and their shift towards a more customer-centric and digital mindset.
pwc global experts discuss the future of banking

PwC global experts discuss the future of banking

“Banks will need to be on the cutting edge of technology and make sure that customers’ needs are ingrained in every offering,” PwC’s global financial services leader John Garvey advised local bank leaders at “The Future of Banking” event held by PwC Consulting Vietnam in Hanoi today (March 6, 2019).
digital banking the way forward

Digital banking: The way forward

Technology solutions are transforming every aspect of life, lining up a plethora of services readily available at the swipe of a finger – and banking and finance is a hotbed of such innovation. Do Danh Thanh, technology consulting director at PwC Consulting Vietnam, told VIR’s Hoang Anh how digital banking is an inevitable trend that puts pressure on banks all over the world to transform their traditional operating models.
improving disclosure quality

Improving disclosure quality

Environmental, social, and governance (ESG) reporting is becoming more and more mainstream for companies, and investors expect transparent information about ESG issues. However, there is often a gap between what companies disclose and what investors really want to know.
embracing new internal audit standards in banks

Embracing new internal audit standards in banks

Circular No.13/2018/TT-NHNN, along with international practices in internal audit (IA) and risk management (RM), creates many challenges for IA functions at banks. However, it is also an opportunity for bank leaders to better understand the importance of this function. VIR interviewed Xavier Potier, risk assurance director, and Mai Tran Bao Anh, financial services assurance senior manager at PwC Vietnam, to find out more.
conversion of vas financial statements to ifrs among vietnamese firms

Conversion of VAS financial statements to IFRS among Vietnamese firms

Auditing firm PwC Vietnam recently organised two workshops in Ho Chi Minh City and Hanoi to help more Vietnamese companies reach international financial reporting standards and comply with the roadmap of the Ministry of Finance.
work still to do for public companies

Work still to do for public companies

A new study has uncovered worrying trends on the ­operation of Vietnamese businesses over the past four years.
banks prepare for ifrs 9 standards

Banks prepare for IFRS 9 standards

PwC Vietnam and SAS Malaysia last week held workshops in Hanoi and Ho Chi Minh City to support Vietnamese banks in preparing for the implementation of International Financial Reporting Standards (IFRS) 9.
sustaining vietnams position in the region

Sustaining Vietnam’s position in the region

As a speaker at the Vietnam Business Summit 2018, PwC Vietnam’s general director Dinh Thi Quynh Van said that in order to grow sustainably and improve their position in the region, businesses in Vietnam need to actively strengthen their capabilities across three areas: technology, talent, and governance.
time to act for the future of asean

Time to act for the future of ASEAN

" In order to offset the risk emanating from the rising dependence on external partners, intra-ASEAN trade needs to be enhanced by strengthening regional co-operation."