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Vietnam organisations lack risk preparedness, survey shows


Only 18% of organisations in Vietnam are confident in their risk readiness, according to a survey by global advisory firm, Willis Towers Watson (WTW). The study revealed that 44% of companies have limited or basic understanding of potential risks and their financial consequences. This figure rises to 58% concerning risks expected over the next two to five years. A significant 58% identified the absence of empirical data as a weak point in their risk evaluation, while 42% lack a clear methodology to gauge the financial effects of potential risks. The survey pinpointed market competition (39%) as the primary risk, followed by macro-economic uncertainty (37%).

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