What was the impact of COVID-19 on sales?
55% Sales growth
55% Sales reduction
55% Sales growth
55% Sales reduction
From trust to impact
Why family businesses need to act now to ensure their legacy tomorrow
Vietnamese family businesses expect to grow in 2021, 75% expect to grow in 2022
Vietnamese family businesses believe they have strong digital capabilities
Vietnamese family businesses have documented a succession plan
have a developed and communicated sustainability strategy
The unprecedented, tumultuous events of the past year have been an extraordinary test of resilience for almost all businesses, including family businesses.
What we learnt is that family businesses with resilience as part of their DNA have risen to meet the challenge. As in any crisis, family owners stood united, defined their commitment to their business and spoke with one voice. Family businesses relied on strong fundamentals - commitment to values, long-term thinking, sensible leverage - to send a strong message to employees, business partners and the public.
Family businesses that demonstrate a commitment to sustainability with correct actions can only strengthen the trust and goodwill which give them the licence to operate.
Our 10th PwC Global Family Business Survey unearthed the current thinking and future outlook of 2801 family business leaders across 87 territories, of which 33 were from Vietnam, representing a diverse mix of businesses and industries. For the first time, Vietnamese family businesses get to share their views and opinions on issues that matter to them. Let's explore the Vietnamese perspectives.
Filter the data by Vietnam and compare it to the global average.
55% We want to lead the way
55% We are unlikely to lead, but we will play our part when required
55% We need to lead the way
55% It is the role of the government to lead the way
55% Shareholders’ agreement
55% Dividend policy
55% Testament/last will
55% Family constitution or protocol
55% Family employment policy
|Questions and Answers||Global||Vietnam||Asia Pacific|
|Q10. Looking back over the last financial year BEFORE THE COVID-19 PANDEMIC would you say your sales have been|
|Q11. And what do you think the impact of the COVID-19 pandemic will be on your sales?|
|Q21. Which, if any, of the following are the company's TOP FIVE priorities for the next two years?|
|NET: Digital, innovation, technology||80%||82%||77%|
|NET: Evolving/new thinking||65%||67%||66%|
|NET: Sustainability/local community||39%||21%||30%|
|Q28.SUM. We have strong digital capabilities|
|Digital strong and no longer a priority||19%||9%||18%|
|Digital strong and still a priority||19%||21%||16%|
|Digital not strong but a priority||33%||21%||31%|
|Digital not strong and not a priority||29%||48%||35%|
|Q33a. Which of the statements below best describes the way you feel about the role of your family business today?|
|There is an opportunity for family businesses like ours to lead the way in sustainable business practices||55%||45%||52%|
|Family businesses like ours are unlikely to lead, but we will play our part when required||36%||45%||38%|
|Q33c. Which of the statements below best describes the way you feel about the role of your family business today?|
|In order to succeed going forward, our business is going to need to deliver greater benefits for the planet and human society||53%||30%||52%|
|We will play our part, but it is the role of government not businesses like ours to deliver greater benefits for the planet and human society||30%||55%||31%|
|Q15. Which of the following policies and procedures, if any, do you have in place?|
|Family constitution or protocol||28%||21%||16%|
|Family employment policy||23%||12%||11%|