VN CEOs brimming with confidence: survey

11-Nov-2017 Intellasia | VNS | 6:00 AM Print This Post

An overwhelming majority of Vietnamese business heads are confident about growing revenues and profits in the coming years and preparing to adapt to the fourth industrial revolution (Industry 4.0), a new survey has found.

Done by auditing firm PriceWaterhouseCopper (PwC), the survey found 92 per cent of CEOs of Vietnamese businesses expected higher earnings and profits.

The survey covered over 1,400 business leaders in each of the 21 Apec economies in the run up to the annual Apec CEO Summit in Vietnam.

The findings were revealed by PriceWaterhouseCopper (PwC) at a press conference during the 2017 Apec Summit yesterday.

The survey found 26 per cent CEOs finding it difficult to find high-quality human resources in Vi?t Nam to execute their development strategies, as well as poor automation.

PwC Vietnam general director, Dinh Thi Quynh Van, said 50 per cent of the Vietnamese CEOs said they had invested in technology and automation in preparation for the 4th industrial revolution and digitalisation, but it was still slower than the other countries in the region.

While most CEOs agreed that that automation will be a major progressive development in the future, they also saw that preparations in Vi?t Nam were lagging, she said.

Vietnamese businesses should train and develop skillful manpower by themselves and invest more in technology to keep pace with the world, she added.

“Confidence levels are high among business leaders in Vietnam. Half of foreign business investors in Vietnam (47 per cent) plan to increase their investments in Vietnam over the next 12 months.

“Positive sentiments can be seen in three areas; an expanding domestic economy, expectations of new growth from trade agreements and export expansion (both regional and intra-regional export growth), along with a positive outlook on innovation in key sectors of opportunity.

But “sustained economic reform, coupled with a strengthening of public institutions and an emphasis on education and skills development will be crucial to make Vietnam fit for the future.”

She said despite poor traffic infrastructure, Vietnam is seen as among the fastest growing nations in information technology, and this is an advantage for boosting investment in automation.

According to the Ministry of Information and Communication, 58 per cent of Vietnam population uses smart phones, while 50 million citizens use the Internet. Vietnam also ranks 7th in the world in Facebook use.

An overwhelming majority of Vietnamese business heads are confident about growing revenues and profits in the coming years and preparing to adapt to the fourth industrial revolution (Industry 4.0), a new survey has found.

Done by auditing firm PriceWaterhouseCopper (PwC), the survey found 92 per cent of CEOs of Vietnamese businesses expected higher earnings and profits.

The survey covered over 1,400 business leaders in each of the 21 Apec economies in the run up to the annual Apec CEO Summit in Vietnam.

The findings were revealed by PriceWaterhouseCopper (PwC) at a press conference during the 2017 Apec Summit yesterday.

The survey found 26 per cent CEOs finding it difficult to find high-quality human resources in Vi?t Nam to execute their development strategies, as well as poor automation.

PwC Vietnam general director, Dinh Thi Quynh Van, said 50 per cent of the Vietnamese CEOs said they had invested in technology and automation in preparation for the 4th industrial revolution and digitalisation, but it was still slower than the other countries in the region.

While most CEOs agreed that that automation will be a major progressive development in the future, they also saw that preparations in Vi?t Nam were lagging, she said.

Vietnamese businesses should train and develop skillful manpower by themselves and invest more in technology to keep pace with the world, she added.

“Confidence levels are high among business leaders in Vietnam. Half of foreign business investors in Vietnam (47 per cent) plan to increase their investments in Vietnam over the next 12 months.

“Positive sentiments can be seen in three areas; an expanding domestic economy, expectations of new growth from trade agreements and export expansion (both regional and intra-regional export growth), along with a positive outlook on innovation in key sectors of opportunity.

But “sustained economic reform, coupled with a strengthening of public institutions and an emphasis on education and skills development will be crucial to make Vietnam fit for the future.”

She said despite poor traffic infrastructure, Vietnam is seen as among the fastest growing nations in information technology, and this is an advantage for boosting investment in automation.

According to the Ministry of Information and Communication, 58 per cent of Vietnam population uses smart phones, while 50 million citizens use the Internet. Vietnam also ranks 7th in the world in Facebook use.

http://bizhub.vn/news/vn-ceos-brimming-with-confidence-survey_290017.html

 


Category: Business

Print This Post