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Vietjet air

Most Vietnamese family businesses optimistic about growth prospects

April 14, 2021 by e.vnexpress.net

However, this figure is a bit lower than the Asia Pacific and global average of 65 percent and 64 percent, respectively, according to a survey conducted by PricewaterhouseCoopers (PwC), which interviewed 2,800 family business leaders in 87 economies, including 33 from Vietnam.

For 2022, 33 percent of surveyed family business leaders from Vietnam expect quick, aggressive growth, higher than the regional average of 28 percent and the global figure of 21 percent.

Business expansion and technology adoption are the key priorities of Vietnamese family businesses in the coming years, the survey found. While 55 percent said they would focus on creating new products and services, 52 percent mentioned increased use of new technology.

Over half (52 percent) of the Vietnamese respondents expect that the next generation to become majority shareholders within five years’ time, but just 36 percent said they have a formal succession plan in place.

Vietnamese family businesses seemed to lag behind in terms of digital capabilities, with just 30 percent saying they were strong in this area against the global average of 38 percent.

Family businesses are a core economic factor in any country, including Vietnam. The 100 largest family businesses contribute about 25 percent of the country’s GDP, Vu Tien Loc, Chairman of the Vietnam Chamber of Commerce and Industry (VCCI), has noted.

Among the 50 best listed companies in Vietnam are many family businesses, including Vietnam’s biggest listed company Vingroup, budget airline Vietjet Air, major education company Thanh Thanh Cong, and Vietnam’s largest ice-cream producer Kido.

As many as 95 percent of Vietnamese enterprises are family businesses and the majority are led by the first generation or the first two generations, he added.

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General Staff delegation visits Truong Sa and DK1 platforms

April 15, 2021 by en.qdnd.vn

During the visit on April 13, the mission checked the task performance of military units stationed in the district and on the platforms.

Over the past time, these units have strictly embraced and carried out higher levels’ resolutions and directives while their troops have always been determined to complete all assigned missions.

The units’ chains of command have thoroughly grasped combat plans and effectively dealt with situations in the air and at sea so as to firmly defend national sovereignty over seas and islands.

On this occasion, General Thang applauded the troops for their efforts to overcome difficulties, stay united with each other, demonstrate high resolve in safeguarding national maritime sovereignty.

General Thang also spoke highly of the units’ creative and effective methods to complete their missions. He pointed out their shortcomings that should be fixed soon, and directed them to make thorough preparations for the election of deputies to the 15th National Assembly, and all-level People’s Councils in the 2021-2026 tenure in line with regulations.

On the occasion, the delegation offered incense and flowers in commemoration of Uncle Ho at the temple dedicated to him in Truong Sa town and other fallen troops in the district and presented gifts to islanders as well.

Translated by Mai Huong

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