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PwC survey featuring Vietnamese family businesses in COVID times


PwC survey featuring Vietnamese family businesses in COVID times
10:31 | 24/04/2021
The first report on family businesses in Vietnam by PwC has uncovered how these businesses are navigating the changing business and social environments.
According to PwC s Family Business Survey 2021 – Vietnam Report, 65 per cent of surveyed Vietnamese family businesses predict growth in 2021.
The view for 2022 is more positive, with three out of four respondents saying that they are optimistic about growth, and 33 per cent anticipating that the growth will be “quick” and “aggressive” – higher than the regional and global responses, which stand at 28 and 21 per cent, respectively.
In keeping with such growth aspirations, the findings also reveal that business expansion and technology adoption are the key priorities. 55 per cent of the respondents confirmed a focus on bringing new products and services to the ma ....

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PwC: A return to pre-pandemic growth rates by 2022 is expected by 86 percent of family businesses


Family businesses are optimistic about their recovery over the next two years, with 86 percent anticipating a return to pre-pandemic growth rates by 2022, according to PwC’s Family Business Survey. The estimates are encouraging as, given the health crisis, only 28 percent of respondents estimated sales increases for 2020, with 46 percent estimating decreases.
“The pandemic has been a real endurance test for companies in all sectors. Large family businesses have withstood the challenges relatively well and adapted to the situation, and most now look to the future with confidence. However, there are two strategic areas in which family businesses must continue to improve in the coming period: digital transformation and sustainability strategy, and social and environmental projects”, said Mihai Anița, PwC Romania Partner. ....

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