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The latest data from the International Business Report (IBR), Grant Thornton’s global survey of mid-market companies, shows that business leaders plan to increase investment over the next 12 months. Despite firms in many countries dealing with the highest interest rates they have seen in years (making credit more costly), investment intentions are up in every category compared to last year.

The latest data from the International Business Report (IBR), Grant Thornton’s global survey of mid-market companies, shows that business leaders plan to increase investment over the next 12 months. Despite firms in many countries dealing with the highest interest rates they have seen in years (making credit more costly), investment intentions are up in every category compared to last year.

Grant Thornton Vietnam is pleased to release Grant Thornton International's Women in Business Report 2024, marking 20 years of surveying on women senior management in mid-market companies globally.

According to Grant Thornton's latest International Business Report (IBR), a leading global survey of mid-market enterprises, business sentiment among mid-market firms globally has improved since the previous survey in the same period of second half of 2022. Particularly, in the US market, confidence has increased significantly, with 70% of mid-market firms expecting profits to increase in the next year, up 6% compared to the second half of 2022.

Optimism among global mid-market business leaders rose from 59% to 67% in the first half of this year, according to the latest data from Grant Thornton’s International Business Report (IBR). Although the worldwide numbers hide significant regional variation, every region has an improved outlook compared to where they were last year.

As the global economy continues to display what the IMF calls “remarkable resilience,” mid-market business leaders are being emboldened to explore new export markets in the search to add growth to their revenues. [i]

Do you want your business to operate efficiently and make remarkable progress in the era of Industry 4.0? Don't miss the opportunity to experience the integrated application of SAP Business One and Telegram, a groundbreaking product designed and pioneered by Grant Thornton Vietnam.

As Vietnam develops a thriving software industry, Nguyen Thu Phuong and Vu Hong Ngoc of Grant Thornton explain how enterprises involved in software production intended for export can successfully claim VAT refunds.

The United Kingdom formally signed a treaty on July 16 to accede to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) trade group, enabling membership of a modern and ambitious trade deal spanning 12 economies across Asia-Pacific and now Europe.

On July 14, 2023, Ms Choochokkul Nattiya, the Director of SAP's SME solutions for the Indochina region, visited the office of Grant Thornton Vietnam. During the meeting, Ms Nattiya shared SAP's commitment to the development and support of SAP Business One in the Vietnamese market.

The Kick Off meeting for the ERP SAP Business One project for Suntex Co., Ltd. took place with excitement and high expectations from all employees. Suntex, a leading company in the garment hanger production industry, has decided to invest in software to improve management and drive innovation in their business operations. Currently, their self-developed software does not fully meet their management needs.

The new directive revises the 2014 Non-Financial Reporting Directive (NFRD), extends the scope of covered companies and strengthens the reporting requirements for in-scope companies. Approximately 50,000 companies will eventually be required to report on sustainability, including larger companies, as well as listed SMEs.

Grant Thornton Vietnam has recently completed the SAP Business One implementation project at CJ Olivenetworks Vina, a challenging and successful project. After 4 months of implementation, the project has officially gone live with active participation from both parties, especially the enthusiastic support of the leadership from both companies.

As online learning remains popular even with the easing of the pandemic, Dam Bao Ngoc and Lac Boi Tho of Grant Thornton look at the legal, regulatory, and tax-related requirements for overseas educational businesses providing such services in Vietnam.

Environmental, social, and governance (ESG) criteria applies to governments, companies, and individuals at all levels, but here we focus on companies. This is not to say it is the most important aspect, but it is a topic of rapidly growing interest in Vietnam.

A representative office of a foreign trading business in Vietnam is a dependent unit of the foreign business and could provide an important step in understanding the local market before officially expanding the business in Vietnam. At a first glance, it seems to be quite a simple business model to establish, run, and manage, with minimum costs. However, in practice, is this assumption actually valid?