PwC Vietnam has received a Golden Dragon Award!

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Mrs. Dinh Thi Quynh Van – PricewaterhouseCoopers Vietnam’s Deputy General Director
(Mrs. Dinh Thi Quynh Van – PwC Vietnam’s Deputy General Director)

Ho Chi Minh City, 19 January 2009 – PwC, the world's largest professional services firm has been recognised as a significant contributor to economic growth in Vietnam. On 10 January 2009, Mrs. Dinh Thi Quynh Van, PwC Vietnam’s deputy general director, represented the firm at the Golden Dragon Award Ceremony held in Hanoi. The Golden Dragon Awards are co-organised annually by Vietnam Economic Times and the Foreign Investment Department under the Ministry of Planning and Investment to acknowledge and honour the success of foreign invested enterprises in Vietnam and their contribution to the economy.

The organising board of the award evaluates short listed companies based on key indicators of direct business activity and also their contribution to the Vietnamese economy in a wider sense. In addition votes by readers of the Vietnam Economic Times are also considered. The organising board consists of senior representatives from key public agencies such as the Ministry of Planning and Investment, the Ministry of Trade, the Ministry of Finance, the State Bank of Vietnam, the Union of Vietnam Scientific and Technological Associations, and the Vietnam Economic Times.

Ian Lydall, General Director of PwC Vietnam, said:
“We’re delighted to receive the prestigious Golden Dragon Award. This award recognises our commitment to Vietnam. In its 15 th year of operation in Vietnam, PricewaterhouseCoopers is dedicated to continue to build on the strong foundation created in Vietnam and maintain our position as the premier professional services firm in the country.”

In addition to describing the day to day business activities of the firm in serving clients that include multinationals as well as domestic companies, governmental and ODA agencies, PwC highlighted to the Award organising board a number of other ways the firm contributed during 2008 to the betterment of Vietnam. PwC experts regularly share their views in various events organized by chambers of commerce as well as the Vietnam Business Forum. In addition, PwC partners and directors have visited many countries over the year to promote investment opportunities in Vietnam in high profile conferences, client meetings and seminars. For example, in March, Ian Lydall delivered a presentation about doing business in Vietnam at an investment forum in London attended by Prime Minister Nguyen Tan Dzung and other senior representatives of his government.

During 2008, PwaC Vietnam recruited more than 120 Vietnamese university graduates for its offices in Ho Chi Minh City and Hanoi. The new employees of PwC are encouraged and supported by the firm to enrol in professional ACCA accounting studies and other technical training programmes.

In addition to recruiting bright Vietnamese graduates, PwC also attracted experienced professionals to the country in an effort to further enhance capabilities to advise clients in areas of major importance to businesses in Vietnam including: mergers & acquisitions, overseas listing, internal audit, information technology effectiveness, customs, payroll management, international taxation. To ensure that the firm can even better attract the attention of multinational and regional clients about business opportunities in Vietnam, PwC recruited professionals, many of them of Vietnamese origin, from countries including Australia, Canada, France, Germany, Japan, Malaysia, The Netherlands, Singapore, Thailand and the USA.

Locally, regionally and globally alike, PricewaterhouseCoopers researched and produced a number of thought leadership publications during the year that are highly relevant to Vietnam and are available to the general public free of charge. Key PwC publications include an annual Doing Business and Investment Guide and a Tax Guide. Other major publications include the annual “Emerging Market 20” Index that considers investment attractiveness in various emerging markets. PwC’s “The world in 2050” report concluded that Vietnam has the potential to grow fastest of all economies during the next three decades, and the latest Emerging Trends in Real Estate – Asia Pacific Report provided detailed regional benchmarks about real estate development and investment opportunities in Ho Chi Minh City. Furthermore in the Asia Pacific M&A bulletin published twice a year, PwC provides analysis and outlook relevant to Vietnam. PwC Vietnam does its best to ensure that these publications reach the global client base of the firm.

PwC Vietnam contributes to the betterment of Vietnam in other ways too; PwC professionals often visit universities to share their knowledge and experience with the Vietnamese business professionals of the future. PwC also awards special scholarships to exceptional students. In addition, PwC regularly contributes to selected charity initiatives in Vietnam and employees participate in charity events including the annual Terry Fox Run, the Saigon Cyclo Challenge and the BBGV Fun Run, just to name three. PwC was also very proud to be the Official Accounting Firm Sponsor of the 2008 Miss Universe Pageant, held for the first time in Vietnam.

“In connection with the nomination process for the Golden Dragon Award, we would like to sincerely thank our clients, employees, business and other contacts for their dedicated support of our firm” concluded Mr Lydall.