RMIT International University Vietnam and the Australian accountancy body CPA Australia have agreed to extend their relationship to support the promotion of international standards of accountancy education and professional development in Vietnam.
In a signing ceremony at RMIT Vietnam today, the two organisations agreed to continue the joint work undertaken over the past year to support each other's efforts.
"We're delighted to be able to build upon the good work already done between our two organisations to support the process of building stronger links between Vietnamese accountancy graduates and the international profession," RMIT Vietnam president Professor Merilyn Liddell said today.
"This will make our Vietnamese accountancy graduates more employable both in Vietnam and overseas, and, just as importantly, assist Vietnam's efforts to achieve the levels of accountancy excellence needed for effective financial management in rapidly changing areas of business, industry, government and elsewhere."
CPA Australia's Chief Executive Officer, Mr Alex Malley, said the agreement would "further enrich opportunities offered to Vietnam's finance and business students, and enable both organisations to continue to grow and learn through close collaboration and shared ideals".
Mr Malley said CPA Australia was continuing to embrace changes in technology to respond to its members' needs, "actively utilising it to reduce the tyranny of distance, as it were, and enhance the knowledge sharing experience".
The agreement between RMIT and CPA for the coming year includes support financial by CPA for up to two RMIT Vietnam Bachelor of Accountancy graduates to undertake the full CPA Australia professional accreditation program. CPA Australia will offer a total of up to a further four partial scholarships.
Three of the first CPA scholarships were announced at today's event. A full scholarship was granted to Nguyen Ngoc Lam Hong, an accountancy graduate of RMIT Vietnam now working with Vinh Duc Home Joint Stock Company, a housing developing enterprise, as a Senior Investment Officer in HCMC. Partial scholarships were awarded to Nguyen Le Thuy An, and Nguyen Thi Bao Nhung, the latter of whom is currently working for international accountancy firm KPMG in Hanoi.
Nguyen Le Thuy An receiving the scholarship Nguyen Ngoc Lam Hong receiving the scholarship
As part of the agreement announced today, CPA will also substantially subsidise the cost of one new student commencing the Bachelor of Business (Accountancy) program in 2011.
In the coming year RMIT will provide speakers for CPA member events in both Hanoi and HCMC, provide display space on campus for CPA professional development materials, and consider participation in a tuition program that CPA provides to its members.
CPA Australia is one of the world's largest accountancy bodies, with a membership of close to 130,000 professionals working in finance, accounting and other areas of business across the world – many in fields far beyond traditional accountancy roles. Services to members include education, training, technical support and advocacy. Staff and members work together with local and international bodies to represent the views and concerns of the profession to government, regulators, industry and others. It has had offices in HCMC and Hanoi since 2008.
RMIT Vietnam this year celebrates its 10th year of operations in Vietnam, operating from premises at Saigon South and Hanoi. It is a campus of RMIT University, headquartered in Melbourne, Australia. RMIT University is a major public university with a history dating back more than 120 years. In Vietnam the University currently has close to 6,000 students enrolled, and has produced more than 2,500 graduates to date.