HCM City (VNA) – Developing the nextgenerations of leaders is the desire of many family businesses in Vietnam,heard a workshop held in Ho Chi Minh City on August 7.
The event was co-organised by the Leading Business Club and Mentally Fit Globalgroup.
In addition,family businesses also want to approach simple business administration toolswhich have applied successfully in multinational groups and age-old familycompanies around the world, participants heard.
Vietnam is now one of the most attractiveinvestment destinations in Asia, experts said, adding that local familybusinesses need to map out plans to enable their next generations to developproduction and business activities as well as lure investment and build strongVietnamese brands.
Tran Uyen Phuong, Deputy General Director of TanHiep Phat Beverage Group, said the conflict of business management mindset isan inevitable problem in family businesses.
It would be difficult to find similarities inbusiness strategies without increasing exchanges between family members, sheadded.
Representatives of some family businesses andprivate firms shared that they are concerned about building management and legalsystems, business culture and value chain to create a firm foundation for theircompanies’ sustainable development.
A good administration system not only helpsbusinesses survive but also creates a platform for the next generations ofleaders to promote their capacity and expand investment activities, expertssaid.-VNA
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Participants at the workshop (Photo: VNA) 
