The
United Kingdom has stretched more accounting and educational support to Vietnam
via two important memoranda of understanding.
The Institute of Chartered Accountants of
England and Wales (ICAEW) and Vietnam Association of Certified Public
Accountants (VACPA) today inked a memorandum of understanding (MoU) on
accounting cooperation.
Under the MoU, the UK would support Vietnam
improve its corporate governance, professional ethics, training and
qualification, which “are vital elements for successful businesses, given
Vietnam’s economy increasingly integrating into the world’s economy,” said
VACPA’s chairman Tran Van Ta.
Ta told VIR that as the Vietnamese economy
became more international, companies would look increasingly for employees with
internationally recognised accreditation.
“Particularly, the agreement will also mean
that the development of international standard accounting practices in Vietnam
will be a further encouragement to foreign companies looking to invest in
Vietnam. Because if local companies have more transparent, accurate financial
reports, they will find it much easier to find foreign partners,” he said.
He said by creating an official cooperation
relationship, two institutions would work together to bring mutual benefit to
both institutions. Particularly, ICAEW would take advantage of the
opportunities to expand its relationship with the state agencies, public
accountants and auditors in Vietnam to gradually establish its member
foundations in Vietnam.
Meanwhile, VACPA would have opportunities to
acquire professional experience, and have access to knowledge, expertise, best
international practices on member management, technical research, professional
accounting training and audit quality monitoring.
“We hope that the co-operation between ICAEW
and VACPA will deliver tangible improvements for accounting in Vietnam,” said
United Kingdom's Business and Innovation Secretary Vince Cable who is making a
trip to Vietnam to boost the two countries’ economic, trade and investment
cooperation.
Also the UK’s government and British
University in Vietnam also clinched a MoU on university development cooperation
in Vietnam. Under which the UK government would via the British embassy to
Vietnam directly manage the operation of the university.
“Education was a key part of the 2010
Strategic Partnership signed between the two nations, so it is welcome to see
that this part of the bilateral relationship is flourishing,” said British
ambassador to Vietnam Anthony Stokes.
The British Embassy is committed to the
development of the British University Vietnam both in its present premises in
Hanoi, its planned campus in Hanoi and in future operations planned for Ho Chi
Minh City.
The embassy sees a benefit for the British universities
involved in the project as well as for the Vietnamese students who will be able
to study a UK curriculum in Vietnam. This also supports the two nations’ wider
commitment to the education and trade objectives contained in the Action Plan
for the Strategic Partnership signed between the British and Vietnamese
governments in 2010.
At present, over 7,000 Vietnamese students are
studying in the UK. The British University in Vietnam provided a welcome
opportunity for students to access the world class education that the British
university system offered here in Vietnam, said the university’s dean Graeme
Davies.
Thanh Tung | vir.com.vn
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