PwC in the news

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Latest media coverage

  • 12 Apr: Joseph Vu on PwC's global transfer pricing podcast series
    On this episode, transfer pricing specialist Joseph Vu discussed Vietnam’s recent transfer pricing decree and its impact on businesses operating in Vietnam. This decree is a major development of Vietnam’s transfer pricing regulations for the last 10 years in terms of transfer pricing enforcement and compliance. The new transfer pricing decree replaces the existing transfer pricing regulations and provides new compliance requirements.
  • 03 Apr: Accurate understanding of internal audit's function as third line of defence
    Commenting on the current state of internal audit in Vietnam, PwC Vietnam partner Hoang Hung said, "Internal audit is mainly implemented in large-scale companies with complex and risky operations... In fact, this function is not being carried out systematically and internal auditors are not yet familiar with the latest internal audit requirements and practices." 
  • 20 Mar: Xavier Potier highlights importance of risk-based internal auditing
    As the banking industry moves towards Basel II and seeks foreign capital for growth, it is high time that Vietnamese banks adopted the risk-based method for internal auditing. Xavier Potier, director of Risk Assurance Services at PwC Vietnam, shared his thoughts on the issue with Vietnam Investment Review.
  • 15 Mar: Joseph Vu talks new transfer pricing decree on VITV
    "Decree 20 is a huge milestone in Vietnam's transfer pricing administration. It's also very timely in that it aligns with Vietnam’s economic landscape, development and investment trends", Tax - Transfer Pricing Director Joseph Vu said in an interview with VITV channel. Watch to find out more about the new  Decree No. 20 “Providing tax administration applicable to enterprises having controlled transactions”.
  • 12 Mar: New transfer pricing decree: a step closer to international standards
    In late February 2017, the Vietnamese government released the new transfer pricing Decree No. 20 ‘Providing tax administration applicable to enterprises having controlled transactions’, which will take effect from May 2017. According to Tax partner Nguyen Huong Giang, Decree 20 represents the most important development of the transfer pricing regime in Vietnam for the last 10 years, as it demonstrates Vietnam’s commitment to align with the global tax framework (BEPS) on transparency and anti-avoidance.
  • 24 Feb: Shareholders should have a greater say when selecting an independent auditor
    As the season of annual general meetings nears, Dau tu Chung khoan newspaper interviewed Assurance partner Tran Hong Kien on the role of auditors in ensuring the transparency of financial reports. Kien emphasised the need for shareholders to have a greater say when their company selects an independent auditor as this is key to improving the quality of financial reports and thus, the protection of shareholders' rights.
  • 22 Feb: Bank restructuring and settling bad debts: We need to be more critical
    The State Bank of Vietnam is drafting a special law to boost bank restructuring and settle bad debts, which would remove all the obstacles in the existing legal regulations. In a recent interview on Vietnam Investment Review, partner of Business Restructuring Services Dao Thi Thien Huong shared her thoughts on the restructuring of banks and settlement of bad debts in Vietnam, and provided ideas and recommendations to speed up this process.
  • 13 Feb: IFRS 15 - What should Vietnamese businesses be aware of?
    IFRS 15 will become effective for the annual period beginning on or after 1 January 2018. According to Assurance Partner Tran Hong Kien, while IFRS 15 is not compulsory for businesses in Vietnam, getting to know IFRS 15 will help local entities familiarise  with additional areas being considered by the Vietnamese authorities in future guidance of revenue recognition in Vietnam.
  • 10 Feb: The need to professionalise family businesses
    Many family businesses in Vietnam have thrived to become leading private business groups and contributed significantly to the economy. However, family businesses are facing challenges in professionalising their operations while implementing a succession plan. PwC Vietnam partner Hoang Duc Hung joined an in-depth interview with Dien dan Doanh nghiep newspaper on this matter.
  • 06 Jan: Dinh Thi Quynh Van shares her views on 2017 business outlook
    In an article published on the New Year issue of Vietnam Economic Times, General Director Dinh Thi Quynh Van wrote about the 2017 outlook for Vietnamese businesses. Drawing on the latest APEC CEO Survey results and her observations at the APEC CEO Summit in Peru late last year, Quynh Van pointed out the main issues facing local market players in a global economy marked by competition and protectionism. She also gave her advice on how regulators and businesses could work together to rise above the challenges and succeed.

 

  • 20 Dec: Nguyen Hoang Nam on bank restructuring: five-year review & prospects to come
    "It is obvious that the bank restructuring process will be carried out more thoroughly in the next phase, building on the positive outcomes of previous efforts. However, we should be more vigorous in carrying out proposed restructuring solutions to effectively solve the remaining challenges", Assurance partner Nguyen Hoang Nam wrote on Vietnam Investment Review. 
  • 16 Dec: Dinh Thi Quynh Van discusses FTAs on Vietnam Financial Times' talk show
    General Director Dinh Thi Quynh Van was a guest in the inaugural episode of Vietnam Financial Times' online talk show "Tai chinh va Cuoc song". She was joined by Mr. Nguyen Van Phung - Head of the Large Taxpayers Office under the General Department of Taxation. The two tax experts shared their views on the impacts of tariff cuts under current and prospective free trade agreements (FTAs), and laid out some recommendations for businesses and the tax sector to reap the most benefits from FTAs.
  • 28 Nov: Cyber security Director Robert Trong Tran discusses cyber crime in banking
    Cyber crime is a growing concern for society at large and the banking sector in particular, as evident in the increasing frequency of attacks on personal bank accounts in Vietnam recently. With an aim to explore this issue and the cyber security measures of Vietnamese organisations, Vietnam Financial Times has conducted an interview with PwC Vietnam's Cyber security Director Robert Trong Tran.
  • 15 Nov: Time to strike
    Director of Deals/Strategy Nguyen Luong Hien shared his insights on Vietnam Economic Times regarding Vietnam's growing start-up scene and investment prospects. He stated that it's now the time to get involved in this ecosystem, as tech start-ups are poised to grow fast thanks to the relentless efforts from the government and other important stakeholders. Read to find out more.
  • 04 Nov: Joseph Vu discusses draft transfer pricing decree on Vietnam Financial Times
    Director of Tax - Transfer Pricing Joseph Vu was recently interviewed by the Vietnam Financial Times (Thời báo Tài chính Việt Nam) on the Ministry of Finance's draft transfer pricing decree. He shared his thoughts about how the transfer pricing decree will create a more solid legal basis for transfer pricing administration and be in line with the changes in the transparency and anti-tax avoidance efforts. Read to find out more.
  • 07 Oct: Nguyen Luong Hien discusses fintech landscape in Vietnam
    Financial services tech startups (fintech) have become the rising stars of Vietnam's startup community, especially after Standard Chartered and Goldman Sachs invested in local fintech MoMo. Nguyen Luong Hien, Director of PwC Vietnam’s Deals Strategy Services, talked to Dau tu Chung khoan about the prospects and challenges when investing in fintech in Vietnam. 
  • 21 Sep: PwC Legal Partner Nasir Dao - PKM Abdul discusses Vietnam's M&A scene (VITV)
    Merger and acquisition (M&A) activities have been quite exciting in the past few years, resulting in increased investment from both domestic and foreign companies. PwC Legal Vietnam partner Nasir Dao - PKM Abdul recently joined an interview with VITV channel to discuss the current M&A scene, future M&A prospects as well as measures to ensure successful deals.
  • 16 Sep: Coordinated defense against cybercriminals
    The cyber incidents that have taken place since the beginning of 2016 could have been prevented if threat intelligence had been actively shared between organisations. Robert Trong Tran, Director of Cybersecurity Services penned an article on Vietnam Economic Times about the importance of sharing threat intelligence in the global war against cybercriminals.
  • 15 Aug: Robert Trong Tran discusses current state of cyber security (VITV)
    Recent cyber attacks on Vietnamese organisations and several studies have indicated that Vietnam is a rising hot spot for cyber crime. Cyber Security Director Robert Trong Tran was recently interviewed by VITV on the current state of cyber security and steps that all organisations in general and banks in particular should take to prepare for potential future attacks.
  • 04 Aug: Robert Trong Tran: Vietnamese organisations increasingly vulnerable to hackers
    Vietnam is a rising hot spot for cyber-criminals, as business and financial transactions are becoming increasingly reliant on the Internet. The Vietnam Airlines cyber incident in late July 2016 was another warning shot, reminding us that we can never neglect cybersecurity. Robert Trong Tran, Director of Cyber Security Services at PwC Vietnam, talked to VIR about the rising threat of cybercrimes for Vietnamese organisations in the near future.
  • 27 Jul:  Dinh Thi Quynh Van comments on late tax payment (VITV)
    In the latest edition of VITV's Finance - Tax programme, our General Director Dinh Thi Quynh Van discussed measures to relieve the financial burdens of late tax payment on both businesses and the State budget. These include the reduction of late payment interest to 0.03% per day since 1 July 2016 and tax debt forgiveness for companies on the verge of bankruptcy.
  • 09 Jul: PwC Vietnam supports VCCI's 2016 Sustainable Business Ranking in Vietnam (VTV2)
    In a programme titled "Businesses and Sustainable Development" on VTV2, our General Director Dinh Thi Quynh Van shared insights into global trends in sustainable development as well as the Corporate Sustainability Index (CSI). The CSI, with an initial set of sustainability indicators, has recently been introduced by the Vietnam Chamber of Commerce and Industry (VCCI) as a tool to rank the most sustainable companies and to promote sustainable development in Vietnam. 
  • 30 May: Putting Vietnam’s banks on the map
    Although the local banking sector might be one step behind its regional peers, the formation of the ASEAN Economic Community has set the local industry on a definite path of committed changes that should prepare it for any upcoming challenges. Nguyen Hoang Nam, deputy general director of Assurance Services at PwC Vietnam, writes about how Vietnam can increase its visibility on the regional banking map.
  • 15 May: Xavier Potier discusses internal audit on Vietnam Securities Review
    Internal audit can help businesses protect themselves against risks. However, its importance is very often undermined by Vietnamese companies. That is set to change with a number of new laws and decrees governing internal audit. Our Risk Assurance Director Xavier Potier joined an interview with Vietnam Securities Review to share his views on the Ministry of Finance's draft decree on internal audit, and its potential impacts on internal audit operations in Vietnam's listed companies.
  • 05 May: Dinh Thi Quynh Van: "Businesses should join forces to raise competitiveness"
    In an interview with the Vietnam Economic Times, Dinh Thi Quynh Van stated that many Vietnamese enterprises fail to be competitive because of their small scale. Therefore, businesses should join forces to raise the competitiveness of the whole business community as Vietnam's economic integration intensifies.

  • 23 Apr: Robert Trong Tran discusses cybersecurity on HanoiTV
    Our Cybersecurity Senior Manager Robert Trong Tran shared his insight into the rising threats of cybercrime across the world and in Vietnam, and examined the potential consequences on businesses, such as disruption and loss of customer trust. He urged Vietnamese companies to spend more attention and resources on strengthening their cybersecurity, giving concrete advice on how to do so.

  • 04 Apr: Stephen Gaskill & Nguyen Luong Hien examine FTA implications for textile sector
    In an article on Vietnam Investment Review 4 April, our Deputy General Director Stephen Gaskill  and Associate Director of  Strategy-Deals Nguyen Luong Hien dissected the implications of free trade agreements (FTAs) like TPP and EVFTA on Vietnam's textile sector. They shed light on the current state of the sector and urgent tasks that local manufacturers need to tackle to overcome the hurdles and reap the benefits brought about by these modern FTAs. 

  • 30 Mar: Ivan Pham underlines role of internal audit in listed companies
    Our Risk Consulting Director - Ivan Pham joined and spoke at the workshop "The role of Internal Audit in listed companies" organised by Ho Chi Minh Stock Exchange (HOSE), Smart Train Training Centre and PwC Vietnam. As an expert in risk and forensics consulting with many years of experience, Ivan Pham noticed the trend of Vietnam businesses paying high attention to internal audit in recent years. He also emphasised the role of internal audit in detecting errors or fraud and improving the weaknesses of the management system. 

  • 28 Mar: Nguyen Hoang Nam comments on bad debt trading on VITV
    The State Bank of Vietnam's draft decree on bad debt trading was the focus of a recent Banking Magazine episode on VITV. In this episode, our Assurance Partner Nguyen Hoang Nam argued for the establishment of a bad debt trading floor and increased responsibilities of asset management companies. He also pointed out the need for transparent guidelines in the bad debt market, so that buyers and sellers can meet and trade most effectively.
  • 17 December 2013: PwC wins 2013 Most Admired Knowledge Enterprise Award
    PwC was recently announced as winner for the 12th time of the Global Most Admired Knowledge Enterprise (MAKE) Award 2013. Read more.

  • 21 October 2013: ERM – making enterprises become more agile and risk resilient
    Organisations can leverage on ERM to transform their organisations to become more risk resilient and agile in responding to uncertainties. Read more.

  • 30 September 2013: Innovation brings in opportunities
    "Innovation" has been a word mentioned by many in the current economic context. But where to start and how to manage risks from innovation? Michael Thomas Szczepnski, Director of Advisory Services of PwC Vietnam, has talked with the Saigon Financial Investment about this.

  • 23 August 2013: Michael Szczepanski talked at Vietnam CEO Summit 2013 (VITV)
    Growth through innovation is the solution for Vietnam's enterprises. 

  • 30 July 2013: Vietnamese firms need time to list on foreign bourses
    Vietnamese companies generally need around 2 to 3 years to prepare for an overseas listing, given the differences between international and Vietnamese accounting standards, as well as the high standards required for corporate governance and internal controls, Tony Dang Quoc Tuan, Capital Market Services Leader of PwC Vietnam, tells Vietweek.

  • 29 July 2013: Sustainable Development Report: Taking the first steps (Dau Tu Chung Khoan)
    "Investment in sustainable development is investment in the future", said Nguyen Viet Thinh, Director of Advisory Services, PwC Vietnam. He was the Chairman of the Judgement Panel of the Sustainable Reporting Awards 2013. Read more...

  • 8 July 2013: BIDV upgrades IT system (Saigon Times DailyBanking Times)
    PwC assisted in investigating and assessing the current status of the core IT system of BIDV for meeting the bank’s business strategies at present and in future, as well as the requirements from BIDV Board of Management. Read more...

  • 1 July 2013: PwC urges firms to embrace ERM (Vietnam Investment Review)
    PwC Vietnam's advisory director Edward Chien writes that it is high time local enterprises took Enterprise Risk Management (ERM) seriously to become more risk resilient. Read more...

  • June 2013: ERM – transforming the organisation to become more agile and risk resilient(Vietnam Securities Review)
    Enterprise Risk Management (“ERM”) has been a subject matter discussed frequently with consultants such as PwC in recent times. It is heartening that businesses in Vietnam are seeing the benefits of having structured processes to identify, assess, mitigate and monitor their key risks. Read more...

  • June 2013: Actively involved (Vietnam Economic Times)
    With her greatest asset - an extensive understanding of and experience in Vietnam's business environment, Ms. Dinh Thi Quynh Van, General Director of PwC Vietnam, has played an important role in the country's tax consulting industry.

  • April 2013: PwC Vietnam honoured with Prime Minister’s Certificate of Merit for its Achievements in Building & Developing Tax Consulting Service Market in Vietnam (Read more here: Vietnam Investment ReviewVietnam Investment Review OnlineDau TuVietnam Business ForumVnEconomy)
    PwC Vietnam and Ms. Dinh Thi Quynh Van, General Director of PwC Vietnam, were honoured to receive the Prime Minister’s Certificate of Merit for their achievements in building and developing tax consulting service market in Vietnam over the past 5 years, from 2008 to 2012. The Certificates of Merit were presented at the Second Term meeting of the Vietnam Tax Consultants’ Association (VTCA) held on 26 April 2013 at the office of the Ministry of Finance in Hanoi.