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Vietnam M&A activity in strong position for recovery in 2021: PwC

The Hanoitimes - Covid-19 accelerates deals activity for digital and technology assets in a highly competitive market. While the market has adopted a cautious approach so far, Vietnam’s M&A activity is in a strong position for recovery as the country started 2021 with a positive economic outlook. Ong Tiong Hooi, Partner of Transaction Services, PwC Vietnam gave his assessment following the launch of PwC’s latest Global M&A Industry Trends analysis. Global Deal Volumes and Values. Covering the last six months of 2020, the analysis examines global deals activity and incorporates insights from PwC’s deals industry specialists to identify the key trends driving M&A activity, and anticipated investment hotspots in 2021. In spite of the uncertainty created by Covid-19, the second half of 2020 saw a surge in M&A activity. Deal-making jumped in the second half of the year with total global deal volumes and values increasing by 18% and 94%, … [Read more...] about Vietnam M&A activity in strong position for recovery in 2021: PwC

Vietnam businesses urged to rethink towards sustainable and digital future

The Hanoitimes - Covid-19 has revealed, and even deepened the skills gaps between the current skills and what required to deliver an agile fit-for-the-future business strategy, stated a PwC Vietnam senior executive. 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, according to Dinh Thi Quynh Van, general director of PwC Vietnam. Dinh Thi Quynh Van, general director of PwC Vietnam. Ms. Van made the suggestion at the Vietnam Business Summit (VBS), one of Vietnam’s largest international business events organized annually by the Vietnam Chamber of Commerce and Industry (VCCI) on November 12. Under the theme “Digitized Vietnam: Toward Resilient Responsive and Sustainable Development”, the summit provided a platform for leaders from both the public and private sectors to engage in an open dialog on the … [Read more...] about Vietnam businesses urged to rethink towards sustainable and digital future

Data governance key to promote growth in Vietnam’s banking sector

The Hanoitimes - For banks in Vietnam, data governance is an important step to realize the vision of becoming a leading data-driven bank, said a PwC expert. Vietnam’s banking industry should aim at data governance to promote its growth, according to experts. Dinh Hong Hanh, deputy general director of PwC Vietnam Consulting. “Data governance can be considered as an opportunity to build a well-controlled environment, creating tangible benefits of business, saving capital, facilitating the development of digital banks,” said Dinh Hong Hanh, deputy general director of PwC Vietnam Consulting. “For banks in Vietnam, data governance is an important step to realize the vision of becoming a leading data-driven business, using data as a development platform to meet the requirements of Circular 41, prescribing the capital adequacy ratios in line with Basel II standards, and Circular 13, stipulating the internal control systems, which includes the requirements for an … [Read more...] about Data governance key to promote growth in Vietnam’s banking sector

Charges proposed for gas emitters

A plan for collecting an emission-related fee in Vietnam will require the relevant ministries to speed up work. Large manufacturers that emit large amounts of emissions such as cement, coal, thermoelectricity, steel, chemicals may eventually be affected by a new emissions-related fee in the short-term, depending on the final plan released by the Ministry of Finance (MoF). The MoF has been urging the Ministry of Natural Resources and Environment (MoNRE), the Ministry of Construction (MoC), and the Ministry of Transport to formulate a plan in June to collect the emission-related fee, which has been stipulated in the existing Law on Environmental Protection 2014. At last week’s meeting in Hanoi on discussing measures to control air pollution and improving air quality in areas such as the capital and also in Ho Chi Minh City, a proposal was made to collect this type of fee. However, the MoC argued in a document that the plan to collect such charges “should be carefully … [Read more...] about Charges proposed for gas emitters

Lao embassy extends New Year greetings to Vietnamese counterpart in Singapore

Singapore (VNA) – Lao Ambassador to Singapore Khonepheng Thammavong on February 8 led a delegation to the Vietnamese Embassy in the country on the occasion of the Tet (Lunar New Year) festival. At the reception for the Lao delegation, Ambassador Tao Thi Thanh Huong highlighted the special relationship between Vietnam and Laos, as well as the close ties between the two embassies. She congratulated Laos on successfully containing the COVID-19 pandemic and organising the 11th National Congress of the Lao People’s Revolutionary Party (LPRP), saying Laos is one of the countries with the lowest COVID-19 death toll. For his part, Ambassador Khonepheng Thammavong expressed his belief that the Vietnam-Laos relationship will grow stronger in the time ahead. LPRP leaders are delighted at the re-election of Party General Secretary Nguyen Phu Trong as the leader of the Communist Party of Vietnam, he said./. VNA … [Read more...] about Lao embassy extends New Year greetings to Vietnamese counterpart in Singapore

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