RMIT Vietnam NewsRMIT students score triumph again in national business competition

RMIT students score triumph again in national business competition

Saturday, June 9, 2012 - 17:07
The winning team (in black - from right to left) Minh Khanh, Xuan Nam, Quoc Hung and Lien Chi with their mentor Arlene Tuang (in red) and friends

A team of four students from RMIT International University Vietnam has won the national round of the CIMA Global Business Challenge 2012 held amongst Vietnamese universities by the world’s largest and leading professional body of management accountants CIMA (Chartered Institute of Management Accountant).

The other three finalists were teams of Hanoi Foreign Trade University, HCMC Foreign Trade University and Hanoi University.

The CIMA Global Business Challenge is an international business competition designed to bring out the best in the young business leaders of tomorrow by offering opportunities for students around the world to showcase their talent in business management. The RMIT University Vietnam Lion Team was shortlisted to join the national finals based on a report they wrote on a management accounting case out of nearly 130 submissions nationwide.

At the national finals held on Wednesday 6 June, the team had to give an oral presentation on their report to a board of judges involving Directors from NICD, Barclays, ERG and TRG National, together with a synopsis of their report and a team introduction video based on a given brief.

After four presentations and tough Q&A sessions, RMIT University Vietnam was announced as the winning team, with the team from Hanoi University as the runner-up.

Four students of the RMIT University Vietnam team are Nguyen Dieu Lien Chi, Nguyen Quoc Hung, Nguyen Hoang Minh Khanh from Bachelor of Commerce program, and Nguyen Xuan Nam from Bachelor of Business (Accountancy) program.

As winners of the CIMA Global Business Challenge Vietnam 2012, the team will represent the country in the international final of the competition to be held in Colombo, Sri Lanka from 21-25 July. With 22 regions taking part in this year’s global competition, the challenge is bigger and better than ever.

Still ecstatic about the experience, a member of the team, Nguyen Quoc Hung, shared: “When CIMA announced the champion, I felt greatly happy and proud of being an RMIT University Vietnam student. The competitive advantages of Lion Team are evidently rich references, logical analysis and feasible recommendations for both short and long term with detailed justification, timelines and resources - which we practiced every day at the university. In addition, our lecturers also gave us valuable mentorship about presentation skills, contents and likely-to-be-asked questions. Therefore, this success belongs to not only our team, but also our lecturers and mentors at RMIT Univesrity Vietnam.”

“This is the latest success of our students in recent international business competitions where they have performed with great distinction, including the RMIT Univesrity Business Plan Competition and the KPMG International Case Competition. It shows that RMIT students are up there with the best, even when entering such hard-fought contests,”

Professor Julian Teicher, Head of RMIT Vietnam’s Centre of Commerce and Management, said today.

“We wish the best for our four “lions” at the forthcoming global finals in Sri Lanka. Whatever the outcome, we already are extremely proud of them for their stellar job at the national round.”

More information about the competition can be found on this website.

*Click here for the list of achievements by RMIT Vietnam students at competitions over the past 12 months