Less than 1 in 5 companies in Vietnam prepared to face serious risks: survey

WTW, a leading global advisory, broking, and solutions company, on Thursday published its Risk Benchmarking Survey, which pooled information from 100 companies in Vietnam. According to the survey, 44 percent of the organizations only had little-to-no understanding of the current risks they face and their financial impact. That number increased to 58 percent when they were asked about emerging or new risks that they might face in the next two to five years. In terms of priorities, 39 percent of the companies cited intense market competition as the top source of risk. “Addressing the lack of data to assess the operational risks and their impact will be key to achieving this.