KPMG accompanies Vietnamese SMEs in Economy 4.0

KPMG NEXT, one of the CSR programmes of KPMG in Vietnam, aims to support small- and medium-d enterprises (SMEs) in developing and taking their business to the next level, not only in the region but also in the world.

Accounting for 97 per cent of all businesses operating in Vietnam, SMEs play an important role in the Vietnamese economy as they make up about 45 per cent of the GDP and 31 per cent of the total revenue.

However, the sector is facing many barriers and challenges, especially in the current context of Economy 4.0.

Explaining this issue, Lam Thi Ngoc Hao, partner cum head of Private Business at KPMG in Vietnam, highlighted that most local SMEs are having difficulties in maintaining their growth rate after the first steps of development, which leads to the reduction of enterprises’ competitiveness.

In addition, in today’s business environment, the evolution of Industry 4.0 has clearly showed that digitalisation is rapidly disrupting traditional business models.

According to Nguyen Quang Phuc, director, head of Enterprise Services at KPMG in Vietnam, it is imperative for all Vietnamese businesses, small or big, to embark on the digital journey.

Understanding the situation, KPMG NEXT was designed to support SMEs in the process of developing and taking their business to the next level not only in the region but also in the world.

Based on practical needs and KPMG's 25 years of experience in Vietnam, KPMG NEXT provides an overview of difficulties and challenges on the path of sustainable business development that SMEs may encounter and how they need to prepare to cope with those barriers.

Over the past three years, KPMG NEXT has attracted more than 100 Vietnamese entrepreneurs from different regions and various sectors to join the programme.

This year, to take participants "To the next level", KPMG NEXT 2019 continues to bring practical topics to SMEs who are looking to fast-track their growth and sustainable development.

As Economy 4.0 has become an indispensable trend in the sustainable development of businesses, KPMG NEXT 2019 will equip SMEs with the essential knowledge to seize opportunities and create a leap in the competition by applying new technologies to its business operations.

KPMG NEXT 2019 has started to receive registrations from May 22 to June 10, 2019.


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