KPMG’s service arm eases local business

08:00 | 16/10/2017
In response to the increasing enterprise-wide need for quality professional services, KPMG Vietnam has recently launched a new service arm to support the local business community.
The steps to starting a local business in 2017, according to the World Bank

“We strive to offer clients comprehensive, business-focused, and practical advice by bringing together in one team our experts across assurance, tax, legal, and advisory services,” said Warrick Cleine, chairman and CEO of KPMG Vietnam.

“We believe there is no substitute for seamless and efficient business operation. Applying our specialised knowledge and best practices, we are confident that our Corporate Services will satisfy any enterprise-wide needs, ensuring compliance with a number of governance obligations and improvement of corporate policies, procedures, and outcomes,” he added.

Nguyen Quang Phuc, director of KPMG Corporate Services, said, “Our team has been fully operational since September 2017. Whether you need someone to help you set up your accounting system, open a bank account, prepare administrative reports, or pick up a company seal, we are there to assist.”

Following the “Client at the Heart of our Thinking” principle, KPMG Vietnam has expanded and improved its service coverage to meet its client demand in recent years.

In early 2015, KPMG was among the first of the “Big Four” companies to establish a legal practice in Vietnam. The practice has since grown to over 50 staff members across offices in Hanoi, Danang, and Ho Chi Minh Citỵ

In 2016, KPMG launched KPMG OnDemand, a new service that provides corporations and organisations personnel for short-term secondments. KPMG OnDemand quickly resolves major concerns that many businesses have nowadays when it comes to seasonal work and unexpected business demands, which cannot be effectively managed through the regular recruitment process.

“We are very excited about the new Corporate Service offerings,” Cleine said. “We have moved another step further to become a true one-stop shop for solutions for business needs that companies may struggle to meet, irrespective of their size and complexity. Doing business in Vietnam has never been easier.”

KPMG is now the firm with the best geographical coverage and the most comprehensive suite of services delivered by highly-trained professionals to support clients entering into and doing business in Vietnam.

According to Vietnam’s Ministry of Planning and Investment, Vietnam’s foreign direct investment (FDI) capital in the past nine months reached almost $25.5 billion, up 34.3 per cent from 2016. A recent report by the World Bank showed that Vietnam moved up nine places from last year, ranking 82nd in the world for ease of doing business. Not only does this figure prove that foreign investors see Vietnam’s economic prospects favourably, but it also demonstrates the country’s efforts to support its ongoing commitments to attract foreign investors.

Cleine is chairman and CEO of KPMG in Vietnam and Cambodia. He has lived in Vietnam since 1998, playing a pivotal role in driving KPMG’s success as the leading professional services organisation in the country, with 36 partners and over 1,200 employees, providing audit, tax, legal, and advisory services.

Nguyen Quang Phuc is recognised as one of Vietnam’s leading corporate advisors. He has over eight years of experience working as a professional consultant to support clients on various aspects of FDI in Vietnam, including business structure advisory, incorporations, licensing, corporate secretarial assistance, accounting solutions, payroll, and tax compliance services.

By By Hoang Anh

What the stars mean:

★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional

Based on MasterCMS Ultimate Edition Ver 2.9 2020