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ICAEW signs letter of intent with partners in learning in Singapore and Vietnam

Released at: 17:47, 12/03/2018

ICAEW signs letter of intent with partners in learning in Singapore and Vietnam

Photo: ICAEW

Letter represents commitment of Institute of Chartered Accountants in England and Wales to provide support to Chartered Accountancy students in Vietnam.

by Quang Huy

The Institute of Chartered Accountants in England and Wales (ICAEW) South East Asia and four Partners in Learning (PiL) of ICAEW in Vietnam and Singapore signed a letter of intent on March 6 representing the commitment of ICAEW to providing support to Vietnamese students to complete the full Chartered Accountancy qualifications in Vietnam and diversifying training formats.

For the first time, three independent PiLs of ICAEW in Vietnam - the UHY Training Center, AFA Research & Education (AFA), and the Vietsourcing Education Group (Vietsourcing) - are joining forces to partner up with City Academy, an international PiL in Singapore with experienced Chartered Accountant tutors from the UK, Singapore and Malaysia.

ICAEW will connect these PiLs and support them to deliver a collaborative project of professional level training in the Chartered Accountancy qualifications in Vietnam.  

The project aims to enhance and monitor training quality and support the PiLs of ICAEW in Vietnam in “training the trainers” for professional and advanced levels in the future. Ensuring a high-quality learning environment for students and supporting Chartered Accountants fully trained in Vietnam is one of the top priorities of ICAEW.

“The foremost objective of this collaborative project is to ensure high training quality and good learning outcomes for our ICAEW Association of Chartered Accountants (ACA) students trained in Vietnam,” said Mr. Mark Billington, ICAEW Regional Director of South East Asia. “We look forward to welcoming the first Chartered Accountants fully trained here in the near future.”

The project has a duration of three years with a specific roadmap for the enrolment and training of ICAEW ACA students. In parallel with training students, City Academy will support the PiLs in Vietnam by providing teaching resources, with the ultimate goal of the PiLS taking on responsibility for teaching the ACA in their respective countries.

The PiLs of ICAEW in Vietnam and ICAEW Vietnam will be in charge of enrolments and the organization of courses. City Academy will provide tutors, develop curricula and enable students to access and use its reference materials.

The tutors of PiLs in Vietnam will support their foreign counterparts in providing instructions and reviewing and marking tests for students during their learning process. The Vietnamese tutors also have full use of the training materials of City Academy for reference. The first course is expected to be launched in July.

“By nurturing such high-qualified Vietnamese finance, accounting and business professionals, ICAEW hopes to contribute in a practical way to the development of Vietnam’s accountancy and finance sector,” Mr. Billington added.

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