Enhancing the position of the Academy of Finance in the region and internationally

GD&TĐ - On the afternoon of November 18, Minister of Finance Nguyen Van Thang and his delegation visited, worked and congratulated Vietnamese Teachers' Day at the Academy of Finance.

Consistent with the goal of training quality

Reporting here, Associate Professor, Dr. Nguyen Dao Tung - Director of the Academy of Finance said that the Academy has achieved many comprehensive achievements in the past 5 years and is playing a leading role in training human resources in the field of finance - accounting. The Academy is implementing 18 training majors, of which 14 are newly opened majors, focusing strongly on areas related to digital transformation and digital economy .

Many new training programs have been introduced such as Data Science in Finance, Artificial Intelligence in Finance - Accounting, Financial Mathematics, Digital Marketing according to ICDL standards, Management Information Systems... along with more than 40 training programs to meet the demand for high-quality human resources in the new context.

The employment rate of approximately 98% of students within 1 year of graduation affirms the quality of training and the ability to meet the needs of the labor market. At the postgraduate level, the Academy has trained more than 600 PhDs and approximately 10,000 masters.

Associate Professor, Dr. Nguyen Dao Tung reported on the achievements of the Academy of Finance in recent years.

"The Academy consistently pursues the direction of standardizing and internationalizing its curriculum. International professional certificates such as ACCA, ICAEW or ICDL are being gradually integrated into 100% of its training programs; nearly 1,000 students have participated in ACCA and ICAEW classes; many master's and undergraduate programs have completed external evaluation" - Associate Professor, Dr. Nguyen Dao Tung informed.

The Academy of Finance has strongly transformed itself into a multi-campus university model, expanding training space in Hanoi, Ho Chi Minh City and deploying a new campus in Hung Yen. At the same time, the Academy has submitted documents and the Ministry of Education and Training is conducting appraisal before submitting to the Prime Minister for approval the Decision to establish a branch according to regulations.

The enrollment scale of the Academy of Finance has grown impressively, reaching more than 6,000 targets by 2025 - among the highest in the economic sector. The average enrollment scale is over 4,000 targets per year in the period 2020-2024 and will increase sharply to more than 6,000 targets in 2025.

Delegates of the Academy of Finance spoke at the meeting.

Scientific research activities have recorded remarkable progress. In just 5 years, the Academy has chaired many large-scale scientific conferences, including 18 international conferences and 10 national conferences; nearly 2,000 articles have been published in the Journal of Financial and Accounting Research; more than 800 Academy-level topics and 40 Ministry-level topics have been implemented.

The Academy of Finance has set a vision to become a multi-campus, modern, integrated research university by 2030, holding a leading position in the field of finance and accounting and aiming to be in the top 500 universities in Asia.

Long-term goals: The Academy will expand its training scale to 50,000 students; dramatically increase the number of internationally accredited programs; improve research capacity with about 150 ISI/Scopus articles per year; and send 1,000 students to participate in annual international exchanges.

"To realize this goal, the Academy of Finance is building a smart training ecosystem, closely linked with digital transformation, digital economy and artificial intelligence; at the same time promoting comprehensive digitalization of administration, training and research activities", Associate Professor, Dr. Nguyen Dao Tung emphasized.

Important directions

Leaders of the Academy of Finance shared more information about the academy's activities.

Also at the meeting, representatives of the Academy of Finance also proposed that the Ministry of Finance report to the Government to encourage investment attraction for science, technology and innovation; and allow the establishment of pilot science, technology and innovation enterprises.

Propose investment in science and technology infrastructure and create flexible financial mechanisms to attract prestigious experts to work at the Academy. Quickly complete and stabilize the leadership and staffing structure after the Branches come into operation. Propose flexible recruitment support to supplement high-quality successors.

"The Academy hopes that the Ministry of Finance will soon approve investment projects to renovate and upgrade facilities, fully equip information technology and create conditions for the Digital Transformation Project (Smart Academy) to be implemented most effectively" - Associate Professor, Dr. Nguyen Dao Tung expressed.

Recognizing and praising the achievements of the Academy of Finance teachers and students in the past time, Minister of Finance Nguyen Van Thang sent his best wishes to the Board of Directors and all staff and lecturers of the Academy of Finance. The Minister expressed his emotion when visiting the old school and excitement at the new spacious facility.

Minister of Finance Nguyen Van Thang pointed out a number of key tasks for the Academy of Finance.

Minister Nguyen Van Thang requested the Academy to continue implementing Resolution 11-NQ/TW to fundamentally and comprehensively reform education; focusing on reforming the program according to international standards, closely linked to the practice of the Finance and Digital Economy sectors. The goal of striving to achieve Group I autonomy, the key task after autonomy is to raise the position of the Academy in the region and internationally.

The Academy needs to review strong majors such as Accounting and Auditing to strive for high regional and international rankings in specific areas. To achieve this goal, it is necessary to develop a detailed project, applying the "Six Clarities" principle (clear goals, tasks, people, responsibilities, time, results) to increase control. Strongly apply digital transformation in management, training and development of digital learning materials.

Minister Nguyen Van Thang and the delegation visited and inspected the Academy expansion investment project at 69 Duc Thang, the lecture hall area, the Rector's House and visited the Traditional Room of the Academy of Finance.

Actively exploit preferential ODA capital sources or low interest rates from the Department of Debt Management and External Finance. Promote scientific research cooperation on three fronts: international, domestic enterprises and internal linkages with Departments/Offices under the Ministry of Finance. Consider successful alumni as valuable resources and exploit this resource through cooperation on the principle of mutual benefit.

It is necessary to soon position Hung Yen Branch as a base for international cooperation and high-quality training. In the long term, the Academy needs to proactively work to request additional land area (50-100 hectares) to build a large-scale, modern facility that meets international standards, a prerequisite for Group I autonomy.

The delegation of the Ministry of Finance and officers and lecturers of the Academy of Finance took a souvenir photo.

"The Ministry will direct research units to propose a pilot model for establishing science - technology and innovation enterprises. The need for investment in science - technology infrastructure is not hindered by money, because the budget for science - technology is currently very abundant, with a minimum expenditure of 3% (will increase to 5% in 2026). The Ministry will always accompany, care and create all conditions in terms of policy mechanisms and resources for the Academy of Finance" - Minister Nguyen Van Thang affirmed.

Source: https://giaoducthoidai.vn/nang-tam-vi-the-cua-hoc-vien-tai-chinh-trong-khu-vuc-va-quoc-te-post757347.html