#PwC

Experts from the UK-based audit service supplier PricewaterhouseCoopers (PwC) anticipate that Vietnamese GDP will return to a growth rate of between 6% and 6.5%, largely due to the strong return of foreign direct investment (FDI) flows into the local market.

Business leaders in Vietnam are more optimistic about prospects for their own organisations, with 49% “very confident” of revenue growth in the year ahead, as compared to 34% of APEC business leaders. 

Eighty-five percent of CEOs agree that AI will dramatically change their business over the next five years. Nearly two-thirds view it as something that will have a larger impact than the internet. 

Approximately half of respondents in Vietnam have suffered economic crime/fraud  and almost half of the Vietnamese respondents said they had been targeted by cybercrime in the previous two years.

In an increasingly technologically-driven and interconnected business community, companies have the responsibility to take the necessary steps to manage digital risk. Despite the importance of protecting against cybersecurity threats, PwC’s Digital Trust Insights survey has found that businesses of all sizes are equally unprepared to address these threats and protect themselves and their customers. 

Many Vietnamese businesses are keen to invest, with our estimates putting Vietnam investment appetite 2-3 times higher than the global median, indicating that the strategic advantages offered by Industry 4.0 are embraced properly.

To maintain growth momentum and move up international value chains, businesses in Vietnam should focus on enhancing their capabilities in three areas: talent, technology and governance. General Director Dinh Thi Quynh Van of PwC Vietnam underscored this today at the Vietnam Business Summit 2018 held in Hanoi.

More business leaders in Vietnam are “very confident” in near-term revenue growth, at 50 per cent this year vs. 44 per cent a year ago, according to a recent survey conducted by PwC.