Career Direction for Accounting Students at Van Hien
University: Meeting Market Demands
The Accounting sector in Vietnam is undergoing significant
transformation, driven by digital technology and global integration.
To thrive, students from Van Hien University must proactively equip themselves
with the knowledge and skills demanded by this evolving market.
I. Key Trends Shaping the Accounting Industry in Vietnam
The role of an accountant is shifting from a bookkeeper to a
strategic business advisor. Here are the three main trends:
1. Digital Transformation and Automation
- Automation: Routine tasks like data entry and
voucher processing are increasingly handled by smart accounting
software, cloud computing, and Artificial Intelligence (AI).
- Focus on Analysis: The accountant's role is
shifting towards analyzing, consulting, and supporting management
in making strategic decisions based on financial data (Management
Accounting).
- Cybersecurity: Knowledge of data security and
risk management in a digital environment is becoming critical.
2. Rise of Management Accounting and Business Analysis
- Businesses require accountants who can analyze
financial reports, manage costs, budget, and forecast
financials to optimize profitability and competitiveness.
- Accountants are becoming strategic partners to
various departments, not just compliance officers for tax authorities.
3. Global Integration and International Standards
- The push to adopt International Financial
Reporting Standards (IFRS) in Vietnam necessitates that accountants
understand and apply global accounting standards, especially when working
for multinational corporations (MNCs) or Foreign Direct Investment (FDI)
companies.
II. What Van Hien University Students Need to Do
To succeed in the modern accounting profession, students
must develop both core professional skills and essential soft skills.
1. Enhance Core Professional Skills
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Skill Category
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Focus Areas
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Foundational Knowledge
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Master core accounting entries, be proficient in preparing
Financial Statements (under Vietnamese Accounting Standards - VAS),
and have a strong grasp of Tax Law (CIT, VAT, PIT).
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Technology Proficiency
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Accounting Software: Be fluent in at least one
popular Vietnamese accounting software (e.g., MISA, Fast, etc.). Advanced
IT: Master Excel (functions, Pivot Tables) and data visualization
tools (Power BI, Tableau) for analysis.
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Data Analysis
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Develop the ability to collect, analyze, and synthesize
data to provide insights and advice to the business.
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Foreign Language
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Professional English is a significant advantage,
essential for understanding IFRS, international documents, and working in a
global environment.
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2. Develop Soft Skills and Mindset
- Analytical and Critical Thinking: The ability
to handle complex situations, diagnose problems, and propose logical
solutions.
- Communication and Presentation: Clearly and
concisely present financial information to non-specialists (e.g., Board of
Directors, other departments).
- Diligence and Integrity: Maintain high
accuracy and confidentiality in all financial dealings.
- Time and Stress Management: Accounting
involves high-pressure deadlines (month-end, year-end), requiring
excellent organizational skills.
3. Gain Practical Experience
- Early Internship: Actively seek internships or
part-time work at small businesses or accounting service firms starting
from the 3rd or 4th year to gain hands-on experience.
- Professional Certifications: Consider pursuing
respected professional qualifications such as CPA Vietnam or global
certifications like ACCA or CMA to significantly enhance
your career value.
By combining the solid academic foundation from Van Hien
University with a focus on technology, analytical thinking, and practical
exposure, students will be well-positioned for immediate employment and a
successful career progression in this promising field.