Pwc

The PwC Global NextGen Survey 2022 was conducted online in collaboration with The Family Business Network.

The lack of the digital tools and capabilities that are needed for a rapidly changing world will present significant challenges to family businesses in protecting their legacy.

The significant impact of technology on jobs, however, comes with a sense of uncertainty, as 45% of Vietnamese respondents expressed concerns around job security due to automation.

Covid-19 accelerates deals activity for digital and technology assets in a highly competitive market.

Digitalization will be a significant need for Vietnam to boost industrial competitiveness, enhance human capital, as well as keep up with regional and international standards, according to PwC Vietnam.

Incentives timely issued by the government and the central bank to support customers affected by Covid-19 has prevented the type of contagion that occurred during the global financial crisis in 2008.

Being among the first countries in the region to reopen its economy, Vietnam should take the advantage to build upon the foundations for proactive resilience, stated PwC Vietnam.

While today 16% of Vietnam NextGens are executive directors, the number is likely to more than double by 2025 to 38%.

Despite the declining trend overall, 49% Vietnam CEOs in particular, share a positive outlook for business growth in the year ahead.