Australia Awards Global Tracer Facility reveals transformation within Vietnam’s banking and finance sector

Australia Awards Logo
Thursday, July 25, 2019 - 13:30
  • Australia Awards
  • Australia Awards-Endeavour
  • Viet Nam
  • Australia

The latest Australia Awards Global Tracer Facility Case Study provides strong evidence of Australian alumni making huge contributions to economic development in Vietnam.

Improved auditing standards,
policies and quality control of government expenditure; codes of conduct to
improve transparency and reduce corruption; and capacity-building in the banking
and finance sectors are some of the results of Australia Awards alumni in
Vietnam.

Researchers from the Australia Awards Global Tracer Facility interviewed
Vietnamese women who completed Australian Development Scholarships between 1996
and 2005 for the latest Global Tracer Facility Case Study, and found strong
evidence of alumnae contributing to the transformation of the Vietnamese banking
and finance sector.

Feedback from eight alumni revealed they returned to Vietnam at a time when their expanded
technical and soft skills were highly sought after. Those alumni who studied
undergraduate degrees were able to swiftly secure positions in multinational
organisations in Vietnam, fulfilling a need for local staff with banking and
finance expertise as well as English proficiency.

Alumna Ms Phan Thi Thanh Binh,
Head of Wholesale Banking and Transformations for Vietnam’s largest private
sector bank, Techcombank, recalled that alumni from Australia were in high
demand "because not many people at that time had that kind of background
knowledge or training or qualifications" in the sector.

Transparency is one of the
central challenges with the financial and banking sector in Vietnam, and many
alumni stated they have been involved in the development and enforcement of
codes of conduct within their areas of expertise to ensure transparency.

Ms Hoang Thi Nguyet Chinh, who
studied a Bachelor of Economics at La Trobe University and is currently Sales
Operations Director at Castrol BP Vietnam, said, "…one good thing I learnt [was
to] understand the value of integrity and the value of good corporate
governance in business." 

Alumni were able to train and
mentor their colleagues to build capacity within their organisations.

Dr Nguyen
Anh Thu is an award-winning lecturer at RMIT Vietnam in Ho Chi Minh City. After
completing her studies, she returned to Vietnam and worked in the private
sector but was drawn to teaching business at RMIT Vietnam. Dr Nguyen is
committed to ensuring "students are well prepared for the workplace."

Since returning to Vietnam,
alumni have used their Australian skills and knowledge to contribute to the transformation
of the banking and finance sector and fill the capacity gaps required to
modernise the economy. They have also played significant roles in teaching and
mentoring future leaders.

 

To learn more about the Australia
Awards Global Tracer Facility findings
and to read the full Vietnam Case Study report, visit: https://dfat.gov.au/people-to-people/australia-awards/Pages/australia-awards-global-tracer-facility-vietnam-alumni-case-study.aspx