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Trends in Corporate Governance in Vietnam

EXPERTIS-Corporate-Governance-Trends-in-Vietnam-2025
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In 2025, businesses in Vietnam are undergoing structural changes amidst deepening globalization and emerging economic trends. These shifts demand intelligent adaptation, effective management, and innovative capabilities from organizations to build sustainable competitive advantages in a rapidly changing environment.

Digital Transformation and Technology Application

In 2025, cDigital transformation is not just a trend, but has become an essential requirement for Vietnamese businesses and organizations, which are using technology as a strategic leverage to optimize operations and increase management efficiency.

  • Small and medium-sized enterprises (SMEs) are increasingly adopting management software, big data, and artificial intelligence (AI) to optimize their operations.
  • ERP systems, CRM, and cloud platforms are integrated to improve management efficiency, reduce costs, and increase process flexibility.
  • Enhancing cybersecurity and data governance has become a top priority, especially as regulations protecting personal data become increasingly stringent.
  • The development of domestic technology solutions, combined with international tools, opens up many options to suit the needs of businesses of all sizes.

Reference data:

  • Ministry of Planning and Investment (2023): 65% of Vietnamese businesses plan to invest further in digital transformation in the next two years.
  • The report of StatistaThe Vietnamese information technology market is projected to reach $13,7 billion by 2025, growing at an annual rate of 9,5%.
  • Nielsen72% of customers in Vietnam prefer to transact with businesses that use automation technology in their customer experience.
Businesses need to quickly adopt solutions such as ERP, CRM, and AI to avoid falling behind in an increasingly competitive market.

Adapting to the New Legal Standards

Legal changes, particularly in the areas of taxation, personal identification, and personal data protection, require businesses to update and adjust promptly. Compliance with legal regulations is the foundation and trend of modern corporate governance in 2025.

  • Changes in tax policies, personal data protection, and labor regulations require businesses to quickly adjust their operating models.
  • Exporting businesses should pay particular attention to international regulations related to the origin of goods and supply chain transparency.
  • Proactively understanding and taking advantage of government incentives can provide a significant advantage in expanding markets and attracting investment.
  • Legal support services are playing an increasingly important role in helping businesses adapt to a complex legal environment.

Reference data:

  • VCCI (2023)56% of businesses in Vietnam need in-depth legal advice to comply with new regulations.
  • The report of Statista75% of Vietnamese export businesses have to adapt to stricter rules of origin from international markets.
  • PwCBusinesses with robust legal support minimize litigation risks and achieve revenue growth 15% faster than those without this support.

Businesses need to establish robust internal legal procedures, combined with support from experts, to take advantage of opportunities arising from new policies.

Flexible Human Resource Management Strategy

Attracting and retaining talent in a fiercely competitive environment.

  • Corporate culture should not only focus on flexibility and creativity but also enhance inclusiveness, creating equal development opportunities for all employees.
  • The emergence of modern HR technologies has helped automate recruitment, training, and performance management processes, while also supporting HR data analysis for strategic decision-making.
  • A digitized work environment with online communication, project management, and information sharing tools has become the universal norm.
  • 3P (Position, Person, Performance) compensation policies are increasingly being adopted to ensure fairness, transparency, and encourage performance.

Reference data:

  • Deloitte48% of Vietnamese businesses use the 3P compensation model as a strategic tool to attract talent.
  • Jobstreet62% of Gen Z candidates in Vietnam rate transparency in salary mechanisms as the top factor when choosing a company.
  • ILOVietnam ranks second in Southeast Asia in terms of the speed of adopting hybrid working policies, with over 40% of businesses having implemented them.
Businesses need to quickly adopt solutions such as ERP, CRM, and AI to avoid falling behind in an increasingly competitive market.

Optimizing Financial Management

In the context of global economic instability, financial optimization is a top priority to ensure stability and growth potential.

  • Businesses prioritize tight cash flow management, building contingency funds, and optimizing cost structures to protect liquidity in an uncertain economic environment.
  • Outsourcing in accounting, auditing, and tax consulting is becoming a popular choice, allowing businesses to focus their resources on core activities.
  • The application of advanced financial analytics technologies not only supports budget planning but also helps businesses forecast trends, identify risks, and optimize financial performance.
  • Transparency in financial reporting continues to be a crucial criterion for attracting investment and building trust with partners.

Modern financial management practices and a robust cash flow management strategy are key to maintaining a competitive edge and responding to economic uncertainty.

Applying ESG (Environmental, Social, Governance) principles.

ESG (Environmental, Social, Governance) criteria are no longer optional but mandatory for businesses wishing to remain competitive in the international market. Sustainable development is a strategic focus in the governance trends of businesses in 2025.

  • Businesses are increasingly focusing on integrating "green" elements into their supply chains, production processes, and products to meet the expectations of both investors and consumers.
  • Transparency in governance, combined with social responsibility, is becoming a crucial criterion for building trust with international investors, partners, and customers.
  • Industries such as textiles, agriculture, and manufacturing face increasing pressure to comply with ESG standards from foreign partners, requiring innovation in business models and the adoption of sustainable production practices.
  • Pioneering businesses in ESG are laying the groundwork for new standards, driving the entire industry forward in creating sustainable value.

Reference data:

  • PwC: 70% of investors in the Asian region, including Vietnam, prioritize investing in companies with transparent ESG reporting.
  • VCCI46% of Vietnamese businesses had implemented at least one ESG-related initiative in 2023.
  • The report of StatistaVietnam is among the top 5 ASEAN countries with significant increases in investment in renewable energy, with investment value reaching US$2,2 billion in 2022.

Investing in ESG not only helps businesses improve their image but also opens up opportunities for collaboration with international partners.

Digitizing the Customer Experience

Customers are increasingly favoring personalized and convenient services. Digitizing the customer experience is key to differentiation. Technology is reshaping how businesses interact with customers.

  • Integrating omnichannel platforms improves seamless communication and enhances the customer experience at every touchpoint.
  • Personalized solutions, based on customer data analytics, help businesses not only meet but also predict customer needs, thereby increasing customer loyalty.
  • Chatbots, AI, and automation tools are transforming the way customers are served, reducing operating costs while significantly improving service quality.
  • These innovations not only enhance competitiveness but also shape new standards in the industry.

Reference data:

  • Google89% of Vietnamese consumers use at least two different channels before making a purchase decision.
  • Salesforce66% of customers are willing to spend more with brands that offer a seamless, multi-channel experience.
  • The report of StatistaVietnam has over 50 million e-commerce users, creating a huge potential customer base.

Businesses need to focus on multi-channel platforms and use AI to personalize the customer experience.

Developing a Flexible Business Model

Innovation is key to keeping up with market changes.

  • E-commerce continues to open up great opportunities, especially for small and medium-sized enterprises (SMEs) looking to access international markets at a reasonable cost.
  • The "Direct-to-Consumer" (D2C) model helps businesses optimize profits and build strong relationships with customers through direct interaction.
  • Businesses are increasingly tending to focus on developing and managing unique products and services that meet the highly differentiated needs of modern consumers and businesses (2025).
  • Flexibility in adapting business strategies and seizing new opportunities is crucial for survival in a constantly changing market.

Reference data:

  • e-Conomy SEA (2023)Vietnam's e-commerce industry is projected to reach a value of $49 billion by 2025, with an annual growth rate of 19%.
  • Google and Bain73% of Vietnamese consumers prefer shopping online over shopping in physical stores.
  • The report of Statista65% of small and medium-sized enterprises (SMEs) in Vietnam are developing or expanding their online business strategies.

Businesses need to quickly adapt to flexible business models, especially e-commerce and "Direct-to-Consumer" (D2C), which are changing the way businesses approach the market.

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