Participants at the 10th International Conference on Emerging Challenges held at the University of Economics HCM City on November 4. Photo courtesy of UEH University

HCM CITY — Domestic and foreign academics, professionals, and business managers shared knowledge and experiences adapting and building business strategies post-COVID-19 and in the face of ongoing uncertainties in the Asia-Pacific region at an international conference that opened in HCM City on November 4.

The 10th International Conference on Emerging Challenges with the theme ‘Strategic adaptation in the world of uncertainties’ attracted nearly 180 research papers from researchers and scholars from universities and research institutes from Việt Nam and many countries such as the UK, the Netherlands, China, Japan, Indonesia, and Malaysia.

The two-day conference features 20 parallel discussion sessions related to economics, management, supply chain and operations management, finance and banking, innovation and technology, accounting and auditing, and information systems.

"The fourth industrial revolution, the COVID-19 pandemic, climate change, the trend of globalisation and integration, individualism and the Russia-Ukraine conflict indicate that the current world is an uncertain world, which poses significant challenges not only to sustainable development goals but also to the entire global economy," said Prof. Sử Đình Thành, president of University of Economics HCM City, the conference’s organiser.

The instability of the world and the business environment requires corporations to adjust their business strategies to be able to adapt and survive in the long term, such as sustainable development tasks, attracting the participation of businesses with the community and stakeholders, ensuring sustainable consumption and production models, building risk-resilient infrastructure, and promoting green growth, technological innovation, digital transformation, and supply chain diversification, according to Thành.

These significant changes have led to the emergence of several academic as well as practical problems in strategic management, risk management, finance, accounting, auditing, and technology.

The conference would provide a forum for researchers to publish research results and for universities, and research institutions to transmit up-to-date knowledge, he added.

Assoc Prof. Nguyễn Danh Nguyên, dean of the School of Economics and Management, Hà Nội University of Science and Technology, said that “to survive and overcome difficult periods in the constantly changing environment, organisations need to set up for themselves appropriate strategies and countermeasures." — VNS