UEH News

Chief Representative of ICAEW in Vietnam and Head of UEH School of Accounting signed the MOU

Integrate the subjects of the ICAEW CFAB Certificate into the training program

The most important content in the newly signed 5-year MOU is that the two sides have agreed to integrate the subjects of the ICAEW CFAB Certificate into the formal training program of UEH's Accounting major in the future. It is a strategic cooperative content that helps the graduates receive two degrees including the UEH Graduation Qualification and the ICAEW Certificate in Finance, Accounting and Business (ICAEW CFAB). It will increase job opportunities at large enterprises not only in the Vietnamese market but also in the regional and global labor market.

Prof. Dr. Su Dinh Thanh - UEH President emphasized his strong support for the association with ICAEW

Speaking at the signing ceremony, Prof. Dr. Su Dinh Thanh - Principal of UEH, said: "We strongly support the faculties and training institutes of the University to establish connections with international professional associations towards training programs that go hand in hand with practice. We highly appreciate ICAEW's qualifications and believe that the cooperation between the UEH School of Accounting and ICAEW will be one of the developments that will help UEH and ICAEW strengthen their social responsibility in developing innovative training programs, enhancing professional knowledge and skills in Vietnam, effectively contributing to the creation of high-quality accounting and auditing human resources, jointly spreading knowledge, thereby contributing to the economic development of the country."

On ICAEW's side, Mr. Mark Billington, Executive Director of International Markets affirmed: "The cooperation with universities has always been one of ICAEW's most important strategies. After 7 years of ICAEW operating in Vietnam, CFAB has become an international professional certificate in finance - accounting that major universities in Vietnam integrate into their training programs. We are very pleased to have the opportunity to cooperate with UEH - the leading university in economics and finance in Vietnam - in recent years. The Memorandum of Understanding signed today will be the foundation to enhance the cooperation relationship between ICAEW and UEH to a new level, tighter and more efficient."

Before the signing ceremony, the two sides implemented many effective cooperation activities to support teaching and research. Specifically, ICAEW has donated electronic textbooks of CFAB program subjects to lecturers, sponsored the copyright to use ICAEW's career training film 'False Assurance'. In addition, in early 2021, the two sides co-organized the seminar "Innovating the accounting training program in the context of integration" to improve the training program according to international standards, aiming to train students upon graduation to have sufficient capacity in terms of professional knowledge, professional skills, and self-control to be ready to participate in the current integrated financial services labor market. Many excellent student development activities have also been jointly implemented by the two sides and achieved good results. Typically, Class 41 alumnus, Le Thi Bich Ngoc, was selected to join the Vietnamese team to attend the final round of the Southeast Asia and China Business Strategy Competition organized by ICAEW in Singapore in 2019, currently working at Deloitte Vietnam.

An important strategy to carry out the mission of raising knowledge

Witnessing the ceremony, Ms. Emily Hamblin, British Consulate General in Ho Chi Minh City, expressed her delight that UEH School of Accounting has chosen ICAEW - the leading professional organization in the UK as well as in the world, to cooperate and issue the prestigious ICAEW CFAB international certificate from the UK for Vietnamese students starting from the next academic year 2022.

Representative of the Ministry of Education and Training, Assoc. Prof. Dr. Nguyen Thu Thuy highly appreciated the comprehensive cooperation between UEH and ICAEW: "Accounting is a professional occupation and one of the free-moving professions in ASEAN, so the cooperation between educational, higher academic educational institutions with professional organizations is vital. This trend helps guide the next generations early, producing career professionals with high practical ability and meeting the requirements of the economy in the new era. Furthermore, the cooperation between UEH and ICAEW will help increase the level of standardization of training programs."

The cooperation between the two sides is one of the important strategies to help the University of Economics Ho Chi Minh City step by step carries out its mission of raising knowledge, training high-quality human resources, integrating and transferring globally; pioneering innovation, creativity and serving the community.

Source: Dan Tri Newspaper

Newspapers reported:

1. Ho Chi Minh City Television: University of Economics Ho Chi Minh City and ICAEW signed a high-quality training cooperation agreement

2. Tien Phong Newspaper: University of Economics Ho Chi Minh City and ICAEW signed a high-quality training cooperation agreement

3. VnExpress Newspaper: Ho Chi Minh City University of Economics, ICAEW cooperate in high-quality training

4. Dan Tri Newspaper: UEH cooperates in high-quality training and career development for students