Results of Grant Thornton’s latest International Business Report survey found that more mid-market companies in Vietnam are aiming to remarkably increase investment in technology, human resources, and R&D in the next 12 months, compared to the second half of 2022. This upward trend in Vietnam also aligns with the global results of the survey, reflecting the awareness and desire of maintaining competitiveness among firms despite continuing economic uncertainty.
In Vietnam’s mid-market, intentions to invest in staff and technology witnessed the largest increases out of all categories. Investment intentions for human resources went up significantly from 63% in the second half of 2022 to 80% in the first half of 2023. Likewise, investing in technology rose by 12% to 77%. While AI assistants and automation tools bring huge opportunities for cost reduction and productivity gain, a strong human factor is crucial for firms to make the most of their resources. On the other hand, the figures for investment in plants and machinery and new buildings recorded small increases (3% and 2% respectively), which can partially be attributed to the current slowdown of demand, leading to firms hesitating to upgrade production capacity.
To discover more about the investment intentions of mid-market businesses globally, access the story at: http://grnt.tn/vi1