Training high-quality financial human resources, ready to upgrade Vietnam's stock market to emerging market

On the afternoon of April 23, 2024, the seminar "Training high-quality financial human resources, ready to upgrade Vietnam's stock market to emerging market" was organized by the Faculty of Finance, Banking University of Ho Chi Minh City. Co-organized by Ho Chi Minh City CFA Institute, USA and Smart Train took place at Hall 36 Ton That Dam, District 1, Banking University of Ho Chi Minh City. Ho Chi Minh. 

      In the context of an increasingly deeply integrated global economy, requirements for the quality and expertise of financial human resources are increasingly set. At the conference to deploy the task of developing the stock market in 2024 on February 28, 2024, Prime Minister Pham Minh Chinh directed: "We are determined to upgrade Vietnam's stock market from marginal to emerging." in 2025”. This is an urgent time to update knowledge, improve capacity and prepare mentally for new challenges. International experience shows that systematic financial education will help improve the adaptability and innovation of experts in volatile markets. The seminar "Training high-quality financial human resources, ready to upgrade Vietnam's stock market to an emerging market" will delve into specialized training programs in the financial sector, emphasizing the It is necessary to match training results with the needs of the labor market, especially when Vietnam's stock market is upgraded to an emerging market and wishes to establish a financial center. international.

           Attending the discussion, on the part of the school leaders and units, there was the participation of . On the leadership side of Ho Chi Minh City University of Banking: Associate Professor, Dr. Nguyen Duc Trung - Principal, Associate Professor, Dr. Le Dinh Hac – Dean of the Graduate School, PhD. Tran Chi Chinh - Deputy Dean of the Faculty of Banking, MSc. Nguyen Thi Huynh Uyen - Deputy Head of Training Department.

            On the side of the Faculty of Finance - Banking University of Ho Chi Minh City, there was the attendance of Dr. Nguyen Anh Vu - Head of Faculty, PhD. Tran Tuan Vinh - Deputy Dean, PhD. Dang Thi Quynh Anh - Deputy Dean, Associate Professor Dr. Dang Van Dan - Head of Monetary and Finance Department, PhD. Duong Thi Thuy An - Head of Department of Corporate Finance, PhD. Nguyen Duy Linh - School of Financial Investment and all lecturers and staff of the Faculty of Finance.

              On the part of CFA Institute, USA, there were  Mr. David Sanders, Senior Director, CFA Institute, USA (online), Mr. Joseph Wong, Senior Marketing Manager, Asia Pacific region. Duong, Ms. Florence Wong, Director of Partner and Customer Solutions, Asia Pacific region.

            On the side of Smart Train Training Academy, there was the attendance of Mr. Pham Ngoc Hoang Thanh - General Director, Ms. Tran Thi Xuan Mui, Deputy General Director

            The discussion also had the participation of leaders and lecturers from more than 10 universities in the Southern and Northern regions, representatives of securities companies, fund management companies, consulting companies, and experts. , researchers, graduate students, graduate students, and students in face-to-face and online forms.

          Opening the discussion, Associate Professor, PhD. Nguyen Duc Trung - Principal of Ho Chi Minh City Banking University, on behalf of the school's leadership, sent thanks to the co-organizers, speakers, representatives of universities, businesses, experts, Researchers, lecturers, graduate students, graduate students, and students attended the discussion. Associate Professor Dr. Nguyen Duc Trung affirmed the urgent need to train high-quality human resources in the financial industry, especially in the context of increasingly deeply integrated global economy, requiring quality and professional qualifications. of financial human resources is increasingly placed at a high priority. HUB is proactively shaping the future by building and deeply integrating subjects/disciplines, advanced training programs in the direction of digital transformation and interdisciplinary, providing modern and relevant knowledge and thinking. connectivity, interoperability, and international integration, associated with 4.0 technology. Aiming to train a generation of future experts, managers, and leaders capable of mastering technology, controlling and developing with AI. Along with that, the School also attaches great importance to cooperating with prestigious international professional organizations such as CFA to "embed" a number of modules into the School's training program, contributing to enhancing the authenticity of the training program. practice and the ability of students to access the job market after graduation. HUB has become a partner in CFA's university cooperation program (University Affiliation Program), the School's specialized Finance training program is recognized to have a high level of coverage when compared with the training content of the University. CFA.

     Next, Mr. David Sanders, CFA, Senior Director, Practice Analysis, CFA Institute USA, shared international experiences in training human resources in the financial industry for emerging markets, focusing on upgrading education High quality finance in Vietnam. He compares the conditions of developed markets, emerging markets, frontier markets and conditions for upgrading markets. Expert David Sanders summarizes the knowledge and skills requirements for investment-related professions in the new context including: financial expertise, ethics and responsibility, understanding of the global environment, knowledge of understand local characteristics, diverse perspectives and accept differences. Financial experts with professional qualifications and professional ethics will make an important contribution to the economic and market development of countries. The CFA program provides investors with knowledge and skills, while developing ethical skills and professional standards, continuously updated to meet future skills requirements.

        Dr. Nguyen Anh Vu - Head of the HUB Faculty of Finance highlighted the opportunities and challenges in training human resources in Finance at universities in Vietnam. Opportunities include; Strong forces come from the goal of upgrading Vietnam's stock market and the desire to build an international financial center, the strong development of the capital market, and the need to study business and management majors. in general and banking and finance in particular, teaching capacity is increased with highly qualified staff and the ability to teach in English, students' English ability is improved, as well as program innovation. Training towards international integration and digital transformation. However, the main challenge is updating the training program to meet practical needs, as well as the recruitment trend favoring foreign experts and the need to increase practical experience for students. The proposed solution includes integrating content from the body of knowledge of prestigious international professional organizations such as CFA into the training program and promoting cooperation between universities, businesses and other organizations. professional position.

          Ms. Florence Wong - Director of Partner and Customer Solutions, Asia Pacific region, CFA Institute of America, introduced the model of integrating CFA professional certification into finance industry training programs at schools. university. This model is for universities with training programs that cover over 70% of the content of the CFA training program, especially content related to Professional Ethics. Schools that partner with CFA Institute can attract students interested in the investment profession, while strengthening their connections with investment professionals through networking activities. Students at these schools also have the opportunity to receive scholarships to reduce CFA program costs and access diverse learning resources from the CFA Institute.

       Ms. Tran Thi Xuan Mui, Deputy General Director of Smart Train Academy, CFA's official training partner in Vietnam, also presented and shared about Smart Train's support activities for universities in Implement cooperation programs with CFA.

      In the presentation on "Strategy for recruiting high-quality human resources in the field of Finance - Securities", Mr. Hua Tan Trung, CFA, FRM, Financial Services Consulting Manager - Ernst & Young mentioned Critical factors for success in the industry. He emphasized the need to develop core competencies that include technical expertise such as financial analysis, economics, portfolio management, ESG analysis, as well as AI and machine learning. In addition, soft skills such as communication, collaboration, relationship management, and leadership are also highly valued. Mr. Trung also pointed out a T-shaped model, in which workers have deep expertise in a certain field and broad knowledge of many other fields. To prepare for a career, students need to understand themselves, determine career goals, make detailed plans, equip hard and soft skills, specialized certificates, and update knowledge according to trends. new.

        The discussion program took place very enthusiastically and effectively, receiving a lot of shared opinions and valuable contributions both professionally and practically. Not only did it bring many valuable intellectual values ​​to the attendees, the guest speakers' sharing of information, knowledge, research experience, and ideas contributed to the success of the discussion.

News story: Faculty of Finance

Image: Admissions & Communications Department