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VIET NAM MINISTRY OF FINANCE
UNIVERSITY OF FINANCE - MARKETING

 

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Seminar on Valuation profession: Is there a need for a code suitable to Valuation academic major?
  • The University of Finance and Marketing (UFM) held on April 13th a seminar on Valuation profession - Training and social needs. The seminar attracted the participation of many representatives in the field of valuation together with a great number of students of UFM's Department of Valuation & Real Estate Business (V&REB).

    View of the seminar.

  • Attending the seminar were Mr. Dang Cong Khoi, Deputy Director of Pricing Management Department, Ministry of Finance; Mr. Nguyen Ngoc Tuan, Chairman of Vietnam Valuation Association, former Vice Minister of Finance; Mr. Nguyen Tien Thoa, Vice Chairman and General Secretary of Vietnam Valuation Association; Dr. Hoang Duc Long, UFM President; Meritorious Teacher, Dr. Pham Thi Ngoc My, UFM former President and many representatives of various units, businesses, companies operating in the field of valuation; heads of departments, faculties, centers of UFM and students.

    UFM President, Dr. Hoang Duc Long, gives the opening speech.

  • At the seminar delegates listened to the reports on "The process of establishment and development, the role of the valuation sector, the Vietnam Valuation Association in the process of innovation and the training of evaluation resources" by Mr. Nguyen Tien Thoa, Vice Chairman and General Secretary of Vietnam Valuation Association; "Valuation sector - Training and social needs" by Mr. Nguyen Anh Tuan, Director of Price Management Department (Ministry of Finance); "Valuation profession – Itinerary in search of a name and position in the market" by Ms. Tran Thi Muoi, Vice-Head of UFM Department of Valuation & Real Estate Business (V&REB).

    Mr. Nguyen Tien Thoa, Vice Chairman cum General Secretary of Vietnam Valuation Association, presents a report at the seminar.

  • There were various presentations at the seminar such as the report on "The role of public asset valuation at the Pricing Section of Finance Service - Knowledge needed for students of Valuation major to demonstrate the specificity of the profession of valuation" by representative of the Pricing Section, Ho Chi Minh City Finance Service; the report on "What is the role of the Valuation profession in the market economy in the past, present and future? Companies’ needs for graduates specializing in valuation in the next 5 years" by representative of valuation corporation, etc.
  • According to the report presented at the seminar by Mr. Nguyen Tien Thoa, Vice Chairman cum General Secretary of Vietnam Valuation Association, among the students who graduated from the Valuation major, 90% found jobs immediately. However, in recent years, the enrollment of students majoring in Valuation at some universities offering the major is facing certain difficulties (only the enrollment at Banking Institute is relatively advantageous), and there have been no registered candidates for this major in 3 consecutive years at a college.

    Meritorious Teacher, Dr. Pham Thi Ngoc My, UFM former President speaks at the seminar.

  • Talking about one of the reasons for the unfavorable enrollment in the valuation major at educational institutions, Mr. Nguyen Tien Thoa said the valuation is a new career compared to other professions, and less known and not understandable to the public, which leads to psychological implications of not having access to work after graduation. Besides, the law also allows to expand university graduates of other majors to be able to work in the valuation sector so that there is no need to learn this specialized subject to work in the field of valuation.

    Ms. Tran Thi Muoi, Vice-Head of UFM Department of V&REB, presents at the seminar.

  • According to Dr. Pham Thi Ngoc My, UFM former President and Ms. Tran Thi Muoi, deputy head of the UFM's V & REB, one of the reasons for the poor enrollment was that despite having existed for nearly 20 years, this specialization of valuation has not had an appropriate and independent code of training. The V&REB was previously ranked in the Business Administration category, but now it belongs to the Banking-Finance Department, thus creating certain constraints in the development of the training program, and raising public awareness of this professional major.

    Delegated speak at the seminar.
    Delegates pose for commemorative photo-taking.

  • Source: UFM’s Vietnamese Website.