Last Thursday - 20 September, 2018 - the International School of Business of University of Economics Ho Chi Minh City (ISB-UEH) successfully signed a strategic partnership agreement with the Institute of Chartered Accountants in England and Wales (ICAEW). This inaugural event has marked the opening of valuable opportunities for comprehensive development of ISB’s current and prospective students; also aims to contribute to the improvement of program quality to satisfy the accelerating demands of Vietnam’s employment market, especially when the Accounting - Auditing industry is slowly matching up with regional as well as global standards.
According to the agreement, ISB and ICAEW will jointly put in efforts to develop and refine student’s expertises, improve academic programs’ quality, and equip students with practical training. ICAEW will also coordinate with ISB to organize periodical seminars to share businesslike experience with students. Additionally, in order to help students get early hands-on experience at the workplace, ICAEW will arrange field trips and company visits to the world’s leading corporates that are present in Vietnam in the field of accounting and auditing.
The partnership between ICAEW and ISB also offers opportunities to develop future careers for talented students at the Institute. Under the terms of the partnership, ICAEW will provide scholarships for students with good academic performance and will hold training courses to enhance their competencies as well as equip them with the necessary professional experience, aiming to create the best development platform for the high-level accounting and auditing team in the future.
Given Vietnam’s recent economic development, the financial services industry - specifically the accounting and auditing sector - has increasingly stepped up its commitments to openness, especially the mutual recognition agreement on accounting and auditing services in ASEAN. With such agreement signed, Accounting - Auditing will be one of the key professions with equivalent qualifications within the ASEAN community, allowing international career development opportunities for outstanding individuals in the field; also posing challenges to upgrade the local human forces’ quality in order to meet regional and international standards and increase our nation’s competitiveness in the market. To accomplish this goal, the optimal current solution is to establish partnership and cooperative training model between local universities and international professional organizations.