Consumer finance in sights of megabanks

Consumer finance in sights of megabanks

The consumer finance industry in Vietnam continues to be buffeted by pandemic-induced turmoil, but certain overseas investors are seeking novel responses to capitalise on the country’s tremendous promise.
2022 outlook: Solid path to growth

2022 outlook: Solid path to growth

According to data released by the General Statistics Office (GSO), Vietnam recorded a 2.58 per cent GDP growth rate last year, making it one of the very few countries with a growth rate lower than 2020. This is unsurprising, as the nation went through an extended lockdown in the second half of last year, causing serious economic ramifications.
Timber groups waking up to change

Timber groups waking up to change

Vietnam’s first generation of timber-processing enterprises has come a long way and achieved impressive growth over the last decade. However, their legacy is under threat by several external factors increasing the difficulties for a generational shift.
The principles for emission ambition

The principles for emission ambition

VIR’s Van Nguyen spoke with Dinh Thi Quynh Van, general director of PwC Vietnam, about how the country can successfully carry out its commitments.
Maximising a vibrant M&A outlook for Vietnam in 2022

Maximising a vibrant M&A outlook for Vietnam in 2022

There is a wave of optimism in the global and local merger and acquisition (M&A) space. The long-anticipated reopening of borders, record levels of capital raised, and the general positive economic sentiments are just some factors fuelling this momentum.
Sector attraction underpins consumer finance M&A boom

Sector attraction underpins consumer finance M&A boom

Dr. Gregory Bournet, partner and head of Corporate Finance at PwC Vietnam and Malaysia, shared with VIR’s Luu Huong how cultural awareness and tenacity are embedded into every single transaction.
Foreign groups circumvent lack of experts with training revamps

Foreign groups circumvent lack of experts with training revamps

Foreign businesses in Vietnam are placing new priorities on recruiting more local tech workers and setting up skills training for them in order to address the shortage of experts coming in from other countries.
Foreign investors affirm confidence in Vietnam's economic recovery in post-COVID-19

Foreign investors affirm confidence in Vietnam's economic recovery in post-COVID-19

The fourth outbreak of the COVID-19 pandemic starting from late April has had more negative impacts on daily life as well as socio-economic development than the previous waves in the country.
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.
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
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 M&A moves

Long-term development commitments realised through strategic M&A moves 12

A potential rise in mergers and acquisitions is sparking concerns that local firms will lose competitiveness by selling themselves to foreign investors.
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