Vincent Chin
Managing Director & Senior Partner; Global Leader, Public Sector practice
Singapore
Vincent Chin is a member of Boston Consulting Group’s Center for Digital Government. He leads BCG's Public Sector practice globally. Armed with a computer science degree and an advanced business degree, Vincent began his career at two global companies at the forefront of the airlines and technology industries. At BCG, Vincent helps clients in both the public and private sectors to sharpen and sustain their competitive edge.
In the public sector, Vincent has led numerous assignments, particularly in the economic and social development of countries, including work with their sovereign wealth funds. Vincent helps clients enact nationwide transformation programs that deliver greater wealth and well-being to their citizens.
In the private sector, Vincent specializes in large-scale transformation and business model innovation. He has helped design and build breakthrough joint ventures, new low-cost models, and digital businesses.
Previously, Vincent led BCG's business in Southeast Asia. He currently sits on several not-for-profit boards across the ASEAN region.
Nations that decide to help local businesses need a well-executed plan that is part of a broader economic development approach.
Protecting the vulnerable would provide societies with a path to contain the virus, reopen most businesses, and return to schools without reverting to lockdowns.
There is a proven strategy for winning the fight. To deploy it effectively, governments must address four critical imperatives.
Keeping the vulnerable out of the hospital radically reduces the health care burden and dramatically raises economic options.
Reducing exposure among those who are vulnerable to adverse health outcomes will benefit the healthy, the economically vulnerable, and society overall.
COVID-19 has massive implications for governments, including increased demand for public services and the need to improve resilience. To adapt, leaders must rethink governments’ roles and processes.
Government leaders need to reengineer their approaches to stimulus funding in four ways if they expect to fix what is broken and build robust and enduring economies.
Governments must start planning for a post-COVID-19 world that brings bigger benefits to more of society and business. Three priorities stand out.
With no precedent to guide them, governments must create a strategy for reopening economic and social life. A graduated plan, governed at the national level and implemented at the local level, offers flexibility and opportunities for learning.
To maintain people’s trust and prepare for the unprecedented challenges that lie ahead, government leaders must avoid some common mistakes.
