The finance sector’s rapid adoption of AI is a strategic imperative for businesses globally and in Vietnam, given the digital economy’s exponential growth.
Recognizing this, the Association of Chartered Certified Accountants (ACCA), in collaboration with the British Embassy, hosted “Catalysing Innovation with AI” on September 18 in Hanoi. The event was graced by the Lord Mayor of the City of London, Mr. Michael Mainelli, FCCA, and prominent figures from both organizations.
Key attendees from ACCA included Mr. Ren Varma, Head of Mainland Southeast Asia; Mr. To Quoc Hung, Country Manager of ACCA Vietnam; and Mr. Pham Quoc Hung, Vice Chair of ACCA Vietnam’s Member Advisory Committee (MAC) and Advisory Partner at Grant Thornton Vietnam, showcasing a strong commitment to AI integration.
Ms. Alex Smith, Consul General of the British Embassy in Ho Chi Minh City and Director for Trade, represented the embassy, emphasizing the importance of UK-Vietnam relations in the financial sector’s digital transformation.
The event also featured esteemed finance and technology experts as speakers, including Mr. Phan Vu Hoang, FCCA, Partner at Deloitte Vietnam; Mr. Ngo Hoang Ha, FCCA, Deputy Managing Director & CFO at Techcom Securities; Ms. Nguyen Thi Phuong, FCCA, Consulting Director at FPT IS; and Ms. Nguyen Ngoc Lan Anh, FCCA, Chief Technology & Operations Officer at Standard Chartered Bank. Their insights attracted a significant number of ACCA members from accounting, auditing, finance, and technology fields, eager to explore AI’s potential.
Mr. Varma, in his opening address, highlighted the pivotal role of AI in accounting: “At ACCA, we embrace AI as a business tool, empowering accountants to save time and costs, thereby delivering sustainable value. AI’s rapid development is reshaping how businesses operate, so we’ve enhanced our training programs to equip accountants with AI skills and knowledge, underpinned by ethical foundations. By integrating AI, accountants can transcend repetitive tasks and elevate their strategic and creative contributions to the profession in the digital age.”
Lord Mayor Mainelli commended ACCA for its forward-thinking approach to AI adoption and underscored AI’s significance in finance and accounting. He acknowledged Vietnam’s impressive growth, outpacing many ASEAN countries, with UK-based entities like ACCA making significant contributions to the financial services sector and the broader economy.
Attendees engaged with leading experts from Deloitte Vietnam, Techcom Securities, FPT IS, and Standard Chartered Bank, delving into AI’s benefits, practical applications in Vietnam, and models that can harness AI for sustainable development. These discussions offered valuable insights into the potential of AI in the country’s financial landscape.
In his closing statement, Mr. To Quoc Hung expressed his heartfelt gratitude to all attendees, partners, ACCA members, speakers, and the Lord Mayor for their invaluable contributions. He asserted that AI presents more opportunities than challenges for Vietnamese businesses, significantly impacting their operations. While AI enables efficient data processing, analysis, and daily communication, Mr. Hung emphasized the irreplaceable role of accountants in ensuring transparency, accountability, and professional ethics in the AI era. He encouraged everyone to leverage ACCA’s network and AI research resources to propel their businesses forward and positively impact Vietnam and the world.
The event concluded after nearly three hours of insightful discussions, providing attendees with a comprehensive understanding of AI’s strategic value in accounting and finance. It also offered valuable networking opportunities with industry experts and senior leaders, fostering potential future collaborations and partnerships.
“Meta’s Chairman to Deliver a Keynote Speech in Vietnam on AI and Semiconductors”
Formerly a politician, Sir Nick Clegg has made a transformative career shift into the tech sphere, taking on the role of President of Global Affairs at Meta, the corporate behemoth.
The Power of Collaboration: How PewPew and Độ Mixi Overcame Streaming Struggles
As a judge at the Better Choice Awards and a TikTok sales guru, PewPew offers a unique perspective on the delicate balance between profit and authenticity. In a country with a burgeoning e-commerce industry, PewPew is leading the way, sharing insights on how to navigate the tricky path of maintaining integrity while turning a healthy profit.
“Sustainable Growth Hand-in-Hand with Con Dao Island.”
In pursuit of sustainable development in Con Dao, aviation and high-speed boat businesses have actively risen to the occasion with a plethora of supportive initiatives. These initiatives are designed to materialize the goal of fostering economic and social growth while safeguarding the environment.
Viettel Group Constructs 6,000 Billion VND Data Center in Ho Chi Minh City by 2025
The Viettel Group’s leadership announced plans to develop a large data center in Cu Chi at the 5th Ho Chi Minh City Economic Forum. This significant development showcases the group’s commitment to innovation and digital transformation.
