ICAEW signs MoU with Vietnam’s Ministry of Finance

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he Institute of Chartered Accountants in England and Wales (ICAEW) has signed an MoU with the Accounting and Auditing Supervisory Department of Vietnam’s Ministry of Finance to build a long-term partnership to accelerate the development of Vietnam’s accounting and auditing professions in accordance with international standards.

ICAEW and the Ministry of Finance will consider the possibility of planning a training programme for the certification of IFRS in Vietnam. In addition, the two organisations will hold seminars and conferences to exchange knowledge, jointly implement research projects, and share experiences, technical resources and the best practices in accountancy and auditing.

The UK’s ambassador to Vietnam, Gareth Ward, said: “Recently, Vietnam and the UK signed a bilateral free trade agreement, reflecting a strategic movement in economic partnership and integration. World class and internationally recognised skills and qualifications play an important role for both sides to succeed in that international integration.”