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ACCA and KPMG forge path for business leaders to pioneer ESG excellence ACCA and KPMG forge path for business leaders to pioneer ESG excellence The Association of Chartered Certified Accountants and KPMG Vietnam signed an MoU in Hanoi on March 6, reaffirming their shared commitment to promoting sustainable development and driving prosperity for the Vietnamese business community. The collaboration between ACCA and KPMG is a forward-thinking yet necessary step, delivering tangible value to finance and accounting professionals while laying a solid foundation for Vietnamese businesses to confidently integrate and stay ahead in the global sustainability movement. At the signing ceremony, Dam Xuan Lam, deputy general director in charge of the Hanoi office at KPMG Vietnam, expressed his honour in the longstanding and ever-growing strategic partnership between KPMG Vietnam and ACCA. "We share a common vision of enhancing human capital quality and fostering the development of Vietnam’s finance and accounting community. Beyond recognising ACCA as a provider of a prestigious international certification for KPMG employees in auditing and accounting, we aspire for ACCA to become a key strategic partner in advancing our impact plan." Dam Xuan Lam, deputy general director in charge of the Hanoi office at KPMG Vietnam. Photo: ACCA Vietnam “These actions reflect KPMG’s commitment to building a greener future and supporting Vietnam’s goal of planting one billion trees. At KPMG Vietnam, all employees are well aware of the impact of climate change and the importance of reducing corporate emissions," added Lam. Adopting international sustainability reporting standards, which accurately reflect enterprise value, will enhance the standing of Vietnamese businesses, improve market appeal to foreign investors, and lower the cost of capital by increasing credit ratings. However, to implement these standards effectively, finance, accounting, and auditing professionals must continuously update their expertise and stay aligned with evolving global requirements. The MoU signing marks a significant milestone, demonstrating ACCA and KPMG’s strong commitment to advancing professional knowledge and ensuring the consistent application of sustainability reporting standards, preparing a solid foundation for Vietnamese businesses to expand onto the global stage. To Quoc Hung, country manager of ACCA Vietnam, emphasised that for over 20 years in Vietnam, ACCA and KPMG have remained key strategic partners. “Today’s renewal of our cooperation reaffirms both organisations’ commitment to enhancing the quality of financial, accounting, and auditing talent, while also collaborating on projects and sharing international expertise to help businesses meet global standards, strengthen competitiveness, and integrate into the global economy,” he added. To Quoc Hung, country manager of ACCA Vietnam. Photo: ACCA Vietnam With the rapid evolution of both international and domestic regulations, companies that embrace environmental, social, and governance standards will be better positioned to integrate into global supply chains, enhance their credibility, attract investment, and contribute to sustainable development. Hung further noted that, "One of the biggest challenges for businesses is the shortage of high-quality professionals in green transition and sustainable development management. This is not only a challenge in Vietnam but a global issue. Currently, university and postgraduate training systems are struggling to meet the growing demand for talent in this field." Recognising this challenge, in 2024, ACCA launched the Professional Diploma in Sustainable Development to equip professionals worldwide with the necessary expertise. "This certification provides deep insights into international sustainability regulations and their impact, while also equipping professionals with practical skills in sustainability governance, strategy execution, sustainability reporting, and assurance or auditing of sustainability disclosures," added Hung. "With a vision to transform the accounting industry to meet future business needs, ACCA and KPMG remain committed to supporting the business community in strengthening capabilities and aligning with both local and international sustainability standards." PVI becomes ACCA Approved Employer PVI received ACCA Approved Employer certification on January 17 from the Association of Chartered Certified Accountants , marking a significant milestone in the development of its high-quality accounting, finance, and management workforce in accordance with international standards. 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