ACCA and PwC cooperate for sustainable development of Vietnam's finance and accounting industry

ACCA Vietnam and PwC Vietnam officially signed a Memorandum of Understanding (MoU), marking an important step in establishing a strategic partnership between two leading organizations in the finance and accounting field.

ACCA Vietnam and PwC Vietnam officially signed a Memorandum of Understanding (MoU), marking an important step in establishing a strategic partnership between two leading organizations in the finance and accounting field.

The Memorandum of Understanding between the two parties was signed on November 22, 2024 with the aim of supporting and improving knowledge for the business community in building professional human resources, meeting international standards in the field of green development, and practicing sustainable development reporting.

Although not legally binding, the MoU provides a basis for important cooperation projects, contributing to solving the challenges of the accounting and finance industry in the context of globalization and the increasing need for sustainable development.

The signing ceremony took place with the participation of representatives from the Ministry of Planning and Investment and the Ministry of Natural Resources and Environment, senior leaders from PwC Vietnam and ACCA Vietnam, along with representatives from partner organizations and media agencies.

Speaking at the event, representatives of the parties emphasized the importance of this cooperation in meeting the growing demand for ESG skills and innovation in the accounting industry.

“At ACCA, we always value partnerships as a driving force for innovation and positive change in the industry. Today’s signing ceremony is a testament to the commitment of ACCA and PwC to work closely together to overcome challenges, seize new opportunities, and enhance the influence of the two organizations in Vietnam,” said Mr. To Quoc Hung, Country Director, ACCA Vietnam at the ceremony.

Ms. Luong Thi Anh Tuyet, Deputy General Director of PwC Vietnam also affirmed: “This Memorandum of Understanding is a testament to the shared vision of both parties on enhancing professional capacity in the accounting - auditing - finance sector, emphasizing the commitment to promoting a culture of continuous learning and professional capacity development, aiming to equip the current and future generations of accountants and auditors with the necessary skills and knowledge to thrive in an ever-changing business context.”

According to the agreement, PwC Vietnam and ACCA Vietnam will focus on four key areas including developing ESG skills and promoting sustainable development reporting, training and improving professional capacity, promoting the application of IFRS standards in Vietnam and introducing professional certificates into internal training programs.

Regarding ESG skills development and promoting sustainability reporting, the two organizations will coordinate research and implementation of sustainability reporting application solutions, with a special focus on enhancing environmental, social and governance (ESG) capacity in the accounting and finance industry. ESG research will involve academic institutions, regulatory agencies and commercial partners to ensure high practicality and feasibility.

PwC Vietnam and ACCA Vietnam will also continue to jointly develop and implement career orientation programs, develop recruitment strategies and cooperate between the two parties, through joint training programs, organizing conferences and seminars.

On the other hand, the two parties will promote the application of IFRS standards in Vietnam by developing strategies and organizing promotional events to promote the application of international financial reporting standards (IFRS) in Vietnam, through specialized seminars and clearly targeted communication campaigns.

In addition, ACCA Vietnam will support PwC Vietnam to integrate professional certifications into its internal training program by integrating certifications on sustainability, IFRS, auditing, risk management and digital into PwC's internal training programs for employees and academies.

Mr. Le Viet Anh, Director of Department of Science, Education, Natural Resources and Environment, Ministry of Planning and Investment.

Mr. Le Viet Anh, Director of the Department of Science, Education, Natural Resources and Environment, Ministry of Planning and Investment, said that accounting, auditing and finance play an essential role in building a transparent, efficient and sustainable economy. In the context of strong global integration and digital transformation, improving capacity and developing high-quality human resources in this field is an urgent requirement.

“The cooperation between ACCA and PwC Vietnam today and the deep commitment of the two organizations in supporting training, improving professional capacity and creating practical values in Vietnam. This is also a testament to the effective coordination between international organizations and domestic enterprises towards the country's sustainable development goals,” Mr. Viet Anh emphasized.

Source: https://baodautu.vn/acca-va-pwc-hop-tac-vi-su-phat-trien-ben-vung-nganh-tai-chinh-ke-tanoan-viet-nam-d230784.html