PwC Vietnam signed MoU with Smart Train

18:14 | 24/01/2018
PwC Vietnam and Smart Train have signed a memorandum of understanding (MoU) to take their partnership to the next level.
PwC Vietnam signed MoU with Smart Train
PwC Vietnam and Smart Train signing the MoU

The collaboration aims to create an environment for business interactions, information sharing, professional training, and knowledge exchange with PwC’s and Smart Train’s wide networks of business leaders and experts in finance, accounting, governance and management.

The signing ceremony was attended by Le Thi Tuyet Nhung, deputy head of the Accounting and Auditing Regulations Department of the Ministry of Finance (MoF), and representatives from the Ho Chi Minh City Stock Exchange (HOSE), the Ho Chi Minh City Accountants Association (HAA), the Association of Chartered Certified Accountants (ACCA), the Vietnam Banks Association (VNBA), and CPA Australia.

As Vietnamese companies gradually approach global norms and standards in professionalism and transparency, raising corporate governance capacity has become an essential requirement for all business leaders.

Both the directors and senior management teams need to keep themselves updated with comprehensive knowledge as well as an understanding of the best practices in corporate governance, management accounting, financial accounting, and risk control.

As the world’s leading provider of auditing and consulting services, PwC regularly contributes expert advice at major events and specialised seminars in corporate governance, finance, risk, and cyber security, among others.

In addition, PwC has also collaborated with state management bodies in building legal frameworks, laws and decrees, contributing many crucial initiatives to enhance corporate governance and improve quality in accounting, financial management, risk management, auditing, and internal auditing.

Hoang Duc Hung, partner and Vietnam Markets leader at PwC Vietnam, said: “The partnership between PwC Vietnam and Smart Train plays an important role in creating more opportunities and an environment for interactions among businesses, and between enterprises and leading experts in the PwC network.”

Speaking at the MoU signing ceremony, Pham Ngoc Hoang Thanh, managing director of Smart Train, said: “By organising seminars and conferences with practical topics, we would like to create a hub for information sharing, professional traning, and the exchange of expertise between local and international professionals in governance, accounting, and auditing on one side, and the board of directors and management teams of companies on the other side.”

"It is essential to raise awareness and compliance of businesses with the requirements and regulations of state management bodies in governance, finance, accounting, auditing, risk, and control," said Nhung from MoF. "The collaboration of professional firms such as PwC and Smart Train will contribute to promoting awareness in the business community and support regulatory agencies in managing and facilitating business. 

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