Vietnam Corporate Accounting Education in Universities
Vietnam’s economic growth, among the most rapid in the region, has been supported by a boom in corporate sector development and direct foreign investment and as a consequence an increasing demand for accounting and auditing professionals. To sustai...
| Main Authors: | , , |
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| Format: | Report |
| Language: | English |
| Published: |
World Bank, Washington, DC
2020
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/718561584333094803/Vietnam-Corporate-Accounting-Education-in-Universities http://hdl.handle.net/10986/33469 |
| Summary: | Vietnam’s economic growth, among the
most rapid in the region, has been supported by a boom in
corporate sector development and direct foreign investment
and as a consequence an increasing demand for accounting and
auditing professionals. To sustain this growth and ensure
strong private sector development in the face of increasing
regional and international integration and the demands of a
knowledge-based economy, a major priority of the government
is to develop the labor force. Country legal accounting
framework moves toward international standards and pressures
the universities to reform the curricula. Available data on
the size of the accounting profession in Association of
Southeast Asian Nations (ASEAN) countries clearly shows
Vietnam closer to the bottom of the scale. The Government of
Vietnam has undertaken significant efforts to improve
accounting education and introduce outcome-based education.
A review of accounting and auditing faculties and schools of
economic universities confirms further dedicated reform work
is needed. The main technical competence areas, in
particular foreseen in international education standards
(IES) initial professional development - technical
competence are well covered at bachelor’s degree level, but
the required learning outcomes for almost all areas need
improvements. Following the analysis of the current
situation and from the perspective of the international good
practices and applied benchmarks, a structured approach to
reforming accounting education in Vietnam is presented in
this report. This report aims at providing observations and
recommendations on education of corporate accounting at
Universities. To meet the public sector’s demand for
qualified accountants, a similar assessment of accounting
education for public sector will be needed. |
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