GRIGGS UNIVERSITY
GLOBAL ADVANCED MASTER OF BUSINESS ADMINISTRATION PROGRAM
CAPSTONE PROJECT REPORT
DEVELOPMENT STRATEGY OF SAIGON COLLEGE OF
ACCOUNTING, FINANCE AND INFORMATICS FOR THE PERIOD 2011-2020 Group Number: 9 Student's name: TUAN TRAN VAN THAM VO THỊ TUOI LIEN DANG THI QUYNH HANH NGUYEN THI HONG NHAT THAI HOANG TANG
Trang 2TABLE OF CONTENTS
Acknowledgemets tt HH i
Tab]€ OÍ CORtPHS LH HH HH ili FIGURES AND TABLES
Figure 1.1.4: Strategy formation analysis ÍTAM€ 22220 nh 5 Elgure 1.1.4.2: EFE matriX 0 nh 6 Figure 1.1.4.3: Competitive 2U NA da a cc 8 [lgure 1.1.4.4: IFE matfriX Q00 nh HH cc 9 [igure 1.1.4.5: Chart oŸ SWOT matrix on nh 10
Figure 1.1.4.6: Quantitative Strategic Planning Matrix (QSPMI) nhe 1]
Table 2.1.1.2 The scale of organization StFUCfUFE s22 122 nh 17 Tabl 2.1.1.3: Allocation status of school facilities 22 SH 19 Table 2.1.1.4: Industry structure and training fielđs 2 nho 20 Table 2.4.1.5: Policy of tuition fees for Special subjectfs n2 39 Table 3.1.3.1 External factor evaluation matrix (EFE MATRIX) 48 Table 3.1.3.2 Internal factor evaluation matrix (TFE MATRIX) 49
Table 3.1.3.3 Competitive 22A" .aqaa 55
Table 3.1.3.4 | Matrix strengths, weaknesses, opportunities, risks (SWOT
57 Table 3.1.3.5(A) QSPM Matrix — Group of strategies S—O ooo ecccecec cee, 62 Table 3.1.3.5(B) QSPM Matrix— Group oŸ strategies W ~ O 222 63 Table 3.1.3.5(C) QSPM Matrix — Group of strategies S —T 64 Table 3.1.3.5(D) QSPM Martrix — Group of stratergies W —T 66 Table 3.2.1.1: Orientation of development scope of training forms from 2011 to
Ta
68
Table 3.2.2.3: Orientation of development of teaching staff from 2011 to 2020 73
Table 3.3.1 Estimate renovate budget,facilities repair and equipment
I cc
Trang 3Table 3.3.2 Allocation quantity - staff level - Teacher (person)
Table 3.4.1a : Analyze the financial situation of the Saigon College of Accounting -
Finance - Informatics through balance sheet in 2009, 2010 86 Table 3.4.1b Results of business activities in 2009, 2010 1n no 87
Table3.4.1e: The basic finaneial indieators s22 88 Table3.4.2: The total estimated cost of investment 2 2222 E2 90 Table 3.4.3.2-a: Turnover of the Project over the Y€AFS u22 2222 ce 9] Table 3.4.3.2-b: Depreciation of property details eceecceceteecceccec 93 Table 3.4,3.2-c: Theoretical break-even DOITẨ 222002 20022201 94 Table 3.4.3.2-d: Business result 2 0n HH 95 Table 3.4.3.2-e: Table of debt payment schedule 222 uc, 95 Table 3.4.3.2-f : Debt payment source 051 cee eececeesceeceececs cee 96 Table 3.4.3.2-9: Flow of CUTT€TCY ânẠySIS 202221012 97 Table 3.4.3.3 One-way sensitivity and two-ways sensitivity 0Ÿ proJect 98
INTRODUCTION
Chapter 1 Theoretical Basic án 2S HH HH 3 1.1 Overview on the business SEALE RY 2.0 ỤaHHẬHĂHĂ)L)Ă)ĂL Ơ 3 I.1.1 Concept ofthe strategy nh HH 3 1.1.2 Roles of the strategic administration 2 nho 3
—.—- ` ` 4
Trang 42.2 Analysis of macro environment affecting development process of Saigon College of Accounting - Finance - Informatics — Opportunity and challenge
a2 nh ce
22 2.2.1 Context of Economic — ĐOHIẨCS 2.22222 2211 nh 22 2.2.2 SOClal ÍAC[OTS v2 SH Ho 29 2.2.3 Science elements - technology 2221 nho 32 2.2.4 Environmental faCtOTs cu nnnEn no 52 2.2.5 Analysis of strong and weak points, opportunities and challenges to occupational education 2.1 1S HS nh 33
2.3 Analysis of micro environment that affects to the development of Saigon College of Accounting Finance Informatics - Identify opportunities and challenges ¬— ẽ sisasesvassesacaasssvessceseceescsccees 33 2.3.1 Sector management of the Ministry of Education and Training 37 2.3.2 Competitive schools in the same seetOrs 22h 37 2.3.3 The development of local COT OTTY) ance» xs orm 5s erseiin 2 ta #5 sen vv cong y equye $4 slat 444 eka tx dm 38 2.4 Analyzing the internal environment that affects to the development of the School, identify strengths and weaknesses through matrixie 38 2.4.1, Analyzing the internal environment 00cccccccccsee ceceeeceeecccee cc 38 2.4.2 Evaluating the strengths - weaknesses 222200 cc 40 Chapter 3: Strategies build up and solutions for the deverlopment of Saigon College of Accounting Finance Informatics (Period of 2010 — 2020)
Trang 51 ốc 79 3.3.2 Program 2: To consolidate the development team of managers, teachers 80 3.3.3 Program 3: Open new Branches 000 88" ‹ 82 3.3.4 Program 4: Stuđent t1 1 re 83 3.3.5 Program 5: School trademark promotion -2222s SE 83 3.3.6 Program 6: Joint training - to promote research and application of science - technology in training and community serve 552 515 2 Em 84 3.4 Financial plan for the development strategy c.ccccceccsccssesesssesecstecseseeseescesce 86 3.4.1 The financial situation of Saigon College of Accounting Finance- 22626 n2naỤ 86 3.4.2 Estimate Budget for developing strategy in the period 2011- 3.4.3 Economic efficiency of projeets s22 2n 90 3.5 Evaluates the socio-economic result and effect of strategic development
PFOBTAM Ặ 1A1 99
3.6 Implements the schedule ss 2Stn 22221221 2c 100 3.6.1 Implementing route e.ecccesescssssssesscssssvessssstvsssssasiessssstisesesteeeeeesteeeceeccc 100
3.6.2 Assign lƠ CN -d31 10]
REFERENCES 0 2 reo 103 APPENDICES
APPENDICE 1 Form opinions of teacher evaluation 6c00-0000 0 104 APPENDICE 2 Form opinions of student assessmert 22 nh 107 APPENDICE 3 Form opinion of specialist s1 nh 110 APPENDICE 4 Form opinion of internal Specialists 2 ST So 113
Trang 6APPENDICE 5 The sum expert opinion about the importance of macro factors affecting the development of school 1122218 ce 117 APPENDICE 6 The sum expert opinion about the importance of micro factors affecting the development of school 1 0 121252 nh 119 APPENDICE 7 The sum expert opinion about the possible reaction of the school in the competitive factor icc 11122 nh nho 121
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INTRODUCTION
With the great development of the Science and technology, especially the IT and communication, the human beings is approaching to knowledge based economy in the orientation of rapid globalization all over the world
Socio- economic development Strategy 2001 — 2010 referred in the Party Congress
IX (4/2001 ) which posed the general target “ To lead out country get rid of less developed situation, successfully improving the material and spirit life of the
people, to create the fundamental by 2020, our country basically become an modernization based _ industrialization country” For this purpose, education development is considered as the fundament and motive of the industrialization, modernization, as a condition for bringing the human resource into full play To implement the said requirements, the No 500/TTg dated 8" July 1997 was promulgated by the Prime Minister on establishing the Vietnam’s education — training development strategy of by 2020 showed that the socio-economic development strategy and the human resources and education development strategy is related dialectically Pushing up the target of industrialization, modernization largely depends on the success level of human resources, in which the strategy plays important role
To meet this requirement, in a common direction of the Education — Training
Sector, over the past year, Sai Gon College of Accounting, Finance and Informatics
(SAFI) has non stop developed its scope and improved the quality of training the
qualified labor sources positively supplying the technical labor source for the country In a dynamic and much variable economy as present, in order to set up,
implement and access the decisions related to many functions allowing the College
to meet the general requirements of the whole branches, simultaneously to meet the
development planning target of the college, we establish a development target of Sai Gon College of Accounting, Finance and Informatics for period of 2010 — 2020
Trang 8Grice MGMT 689 ~ Strategy Management The building a strategy for education unit is not simple work, as the final result of the development is not merely to achieve the profit but also as a factor of
contributing to the society Moreover, the final product of the training process is trained people who can meet the particular characters of the current time of science and technology revolutionary happening in global scale, at the same time required to strategy set up must be appropriate to general instruction of the development Strategy of the whole branch of education — training With the limited vision, it is certainly that the strategy is required often amended and completed, it highly appreciate if the Teachers and all of you to contribute opinions
Trang 9Griccd) UNIVERSITY MGMT 689 — Strategy Management CHAPTER I: THEORETICAL BASIC
1.1 Overview on the business strategy 1.1.1 Concept of the strategy:
According to the conventional approach, business Strategy is the long-term basic
target of an enterprise defined and the action program implemented together with the necessary resources allocated in order to achieve the set target It may be understood that the business strategy is the model being used by the enterprises for future orientation in order to meet the set targets and maintain the development Strategy is defined as aggregate decisions and actions to achieve the goals and possible to connect the internal forces and external environment of an organization
(According to Prof PhD Nguyen Loc — Vietnam Institute of Educational sciences) This means the strategy must be always assist the organization to achieve its set goals
Each organization is required to set up fundament for future success, at the same
time, make effort to excess its vitals in the international competitive arena In
present business environment, the speed and level of the variations which affects on
the organizations are rapidly increase, it is required that organization to be sensitive,
and adaptable to such variation in order to exist and develop The strategic
administration process for the purpose of the set goals allows organizations to be
adaptable effectively to the long-term changes 1.1.2 Roles of the strategic administration:
Strategy helps an Organization to understand better about the current changes as
well as potential changes, as leverage can be used by such organization to create
advantage for itself:
Trang 10Griccd) UNIVERSITY MGMT 689 — Strategy Management ° To help the organization to define its mission and goals, select orientation to meet such goals, and to define its scope, position during the performance
° The organization can understand the competitive situation, recognize opportunities, threats and strengths, weakness in order to grasp such opportunities
and minimize the threats, and allow the organization to define its original, distinct
values in the competitive context
° To help the organization to make decisions on the existence and development
appropriate to available competences and efforts in future
1.1.3 Types of strategy:
Analysis and valuation of the factors allow the college to combine to select many strategies Depending on scope of the strategy, it may be selected the following strategies:
1.1.3.1 Based on the strategy scope:
e General strategy (overview strategy): referring the most important matters,
most covering and long term significant, and vital to the college
e Part strategy: is the strategy to solve each internal matter ( scale development strategy, enrollment strategy, trade mark advertisement strategy, etc,)
1.1.3.2 Based on the market approaching:
e The strategy focuses on key factors, the human resource not spread widely
e The strategy based on the relative advantage based on the competitive
advantage between the college and its rivals
e Creative strategy looking at the matters to discover new training fields
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¢ The strategy exploiting the ability to find out the key factors
!.1,3.3 Based on the importance of the Strategy:
e Intensive strategy in the reality: The market development strategy, market penetration strategy, product development strategy
e Enlarging strategy in the reality: Unanimous diversified strategy combined diversifying strategy, horizontal diversified strategy
e Business strategy combined in the reality: Strategy combine forward, combined backward, combined in horizontal direction, combined in vertical
direction
e Other strategies: joint venture strategy, narrowing the operation, liquidating or mixed strategy
1.1.4 Process of setting up the business strategy
Business strategy is set up based on the result from analysis of the business environment to understand and grasp the opportunities and threats, and valuate the
internal business situations to draw the strengths and weakness of the enterprise
Important techniques to form a strategy may be stated in a process of making
decision including 3 stages, namely: (1) inputting stage; (2) combining stage; (3)
deciding stage [4] Strategy formation analysis frame is shown in (Figure 1.2) Figure 1.1.4: Strategy formation analysis frame
STAGE 1; INPUTTING STAGE
External factor evaluation | Matrix of competitive | Internal factor evaluation
Trang 12Grice) UNIVERSITY MGMT 689 — Strategy Management
Matrix of Matrix of strategy
¬ Internal — ;
Boston position and Matrix External - Matrix of main
consulting action SWOT strategy matrix (IE) Group (BCG) evaluation (SPACE) STAGE 3: DECIDING STAGE Quantitative strategy planning matrix (QSPM)
Source: Nguyen Thi Lien Diep & Pham Van Nam (2006), Business strategy and Policy Socialist Labor Publishing House, Ho Chi Minh City
1.1.4.1 Inputting stage:
Including analysises of External factors evaluation matrix (EFE); Internal Factors evaluation matrix (IFE); and competitive image matrix The purpose of this stage is
to summarize the basic necessary information for forming the strategies
1.1.4.2 External factors evaluation matrix (EFE)
It allows the strategist to summarize and evaluate the socio- economic, cultural,
demographic, geographic, political, legal, technological and competitive
Trang 13Griccs) UNIVERSITY MGMT 689 — Strategy Management Factor n Total 1.00 XX
Source: Nguyen Thi Lien Diep & Pham Van Nam (2006), Business strategy and
Policy Socialist Labor Publishing House, Ho Chi Minh City
Step 1: Make the list of factors (from 10 to 20 factors) playing decisive role to the enterprise’s success, recognized in the process of checking the external factors Step 2: Classify the important level from 0,0 (not important) to 1,0 (Very
important) for each factor This classification shows the importance of the
respective factor to the success of such business line of the enterprise Total
classification points of all factors must be equal 1, 0
Step 3: Classify from | to 4 for each factor deciding the success in order to indicate the way that the enterprise’s current strategy reacts to such factor, in which: 1- less reactive; 2- normal reactive; 3- above average reactive; 4- good reactive
Step 4: Importance of each variable to its classification to define its points of
importance
Step 5: Total points for the importance of each variable to define the total points of
the enterprise Total points that the enterprise may obtain: 4,0 at highest; 2.5 on average ; and lowest is 1.0 This score is significant to evaluate The suitable level
of the current strategy that enterprise is applying for the opportunities and threats of the environment (Figure 1.3)
1.1.4.3 Competitive images matrix
In all events and environmental tendencies, which may affect the enterprise’s
strategy position, affect competition, are often considered the most important The competitive images matrix recognizes the main rivals with their strengths,
weakness
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Figure 1.1.4.3: Competitive image matrix Import DN X DN X DN Z
Factors ant Importance Importance Importan
Rank Rank Rank
level points points e points 1 | Factor 1 2 | Factor 1 3 N | Factor n Total points 1.00 XX YY ZZ
Source: Nguyen Thi Lien Diep & Pham Van Nam (2006), Business strategy and Policy Socialist Labor Publishing House, Ho Chi Minh C ity
Competitive images matrix is the enlargement of the external factors evaluation in case of the importance, classification and total importance point have same
significance The competitive image matrix is different from the external factors evaluation matrix is that the internal factors plays decisive role to to the competitiveness of the enterprise such as: financial capacity, competitiveness in the
product price; product quality Besides, the difference between the two matrixes is the classification level of the rival companies and their total importance points are taken into account The classification levels and the total importance points of these companies are compared to one sample company [4] This comparison analysis supplies the important strategic information (Figure 1.4),
This matrix set up in order to give the evaluation of the company compared to its rivals in the same branch, which based on the factors affecting the company’s
competitiveness in the same branch Through which it helps the administrator recognize the strong points and weakness of the company to the rivals, in order to define the company’s competitive advantage and disadvantages needs overcoming To set up a competitive images matrix, it is required 05 steps:
Trang 15Griccs) UNIVERSITY MGMT 689 — Strategy Management ® Step 1: Make the list of factors (about 10 factors) playing decisive role to
the company’s competition in the same branch
e Step 2: Classify the important level from 0,0 (not important) to 1,0 (Very important) for each factor The importance of each factor depends on the
company’s competitiveness in the same branch Total important points of all
factors must be equal 1,0
e Step 3: : Classify from 1 to 4 for each factor depending on the company’s
ability to such factor, in which: 4 is very good, 3 is above average, 2 is average, | is weak
e Step 4: Importance of each factor to its classification to define its points
Step 5: Sum the points of all factors to define the total points of the matrix 1.1.4.4, Internal factors evaluation matrix (IFE)
IFE matrix is set up is also according to 5 steps as of EFE matrix However, for the subjects of enterprises which are studying, analyzing to set up strategy Total importance points of the enterprise are defined (equal the total points obtained in step 4) Total highest points are 4 and lowest is 1, average is 2,5, the important points lower than 2.5 indicates that the enterprise’s weak internal, higher than 2.5 indicates the enterprise’s strong internal (F igure 1.5)
Trang 16GRIGG MGMT 689 — Strategy Management Total 1.00 XX
Source: Nguyen Thi Lien Diep & Pham Van Nam (2006), Business strategy and
Policy Socialist Labor Publishing House, Ho Chi Minh city
1.1.4.5 Combining stage
In this stage, the most important tool used is SWOT matrix (Figure 1.1.4.5)
Besides, other instruments may be used such as Strategy position and action
evaluation matrix (SPACE); Boston Consulting Group matrix (BCG); Internal —
External (IE); and main strategy matrix to complement the making the feasible
strategy may be selected by arranging the external and internal factors
Figure 1.1.4.5: Chart of SWOT matrix Opportunity (O) SWOT matrix Threat (T) (List the (of company x) " (list the threats ) opportunities) Strength (S) (List the strengths of S-O strategy S-T strategy enterprise Weakness (W)
(List the weakness s of
enterprise ) W-O strategy W-T strategy
Source: Nguyen Thi Lien Diep & Pham Van Nam (2006), Business strategy and Policy Socialist Labor Publishing House, Ho Chi Minh city
SWOT matrix is a tool combining Strengths (S), Weakness (W), Opportunity
(O), Threat (T) to form 4 kinds of strategy:
e S-O strategy: The enterprise’s Strengths are used to exploit the external
environment’s opportunities
¢ W-O strategy: The external opportunities are taken advantage to improve the internal Weakness These Weaknesses prevent the enterprise from
[Gs Global Advanced Master of Business Administration 10
Trang 17Grice) MGMT 689 — Strategy Management exploiting well such opportunities, therefore, the enterprise needs overcoming the weakness as soon as possible
e S-T strategy: The enterprise’s strengths are used to avoid or minimize the
external’s threats
e¢ W-T strategy: is defense strategy to minimize the internal weakness and avoid the external threats
1.1.4.6 Deciding stage
The information drawn from the inputting stage is used evaluate objectively the feasible strategies selected in the combining stage The tool used is Quantitative strategy planning matrix (QSPM) It indicates the comparative attractiveness of the strategies which may be selected, and therefore supplying objective basis for selecting the dedicated strategies
Figure 1.1.4.6: Quantitative Strategic Planning Matrix ( QSPM)
Import Strategy | Strategy 2 Strategy 3
Factors ance Importa Important Importan
Class Class Class
level nt level level level External factOFS Internal factors Total
Source: Nguyen Thi Lien Diep & Pham Van Nam (2006), Business strategy and policy,
Society -Labor Publisher, Ho Chi Minh City
QSPM matrix uses information sources, retrieved from 3 matrixes in the first stage
and 5 matrixes in the second stage to have objective assessemnt of alternative possoble strategies The chosen strategies to build QSPM matrix is not to be all
Trang 18GR UNIVERSITY 663 MGMT 689 — Strategy Management strategies, found in the second stage To form QSPM matrix, we shoud carry out 6
following steps:
Step 1: Listing factors such as S, W, O, T, retrieved from EFE and IFE matrix
Step 2: Classifying each factor in line with EFE and IFE matrix
Step 3: Researching each matrix in the second stage and defining the considered strategies
Step 4: Defining a number of Attraction Points (AS) in line with each fator:
The point is assessed that from 1 to 4 with 1 is not attractive, 2 is a bit of attraction, 3 is quite attactive and 4 is extremely attractive
Step 5: Calculated by Total Attraction points (TAS) in line with each row through multiplying the points, classified in step 2 and a number of AS points in step 4
Step 6: Calculating total attraction points of each strategy The most attractive strategy is the strategy with total highest points in step 6 Generally, there are solutions of business strategy, which enterprises can choose as presented in {1.3.2} Each strategy can be also applied independently and connected to carry out other strategies The progress of
strategy implementation includes 4 following steps: (1) Realizing the current
strategy of the company; (2) Conducting to analyzie the list of investment capital; (3) Selecting the business strategy; (4) Assessing the selected strategy Analyzing subjective and objective factors is essential during the progress of strategy selection Importantly, we should consider that the results of analyzing the list of investment capital is an essential tool, but which is not the only tool
Trang 19Griccd) UNIVERSITY MGMT 689 — Strategy Management 1.2 Training demands and actual situations in Viet Nam
The socio-economic development strategy in the 2011-2020 is defined with a view to continuously promoting industrialization and modernization with robust and sustainable development in order to enhance the strength of the whole nation, building the country to become an_ industrialized country under socialism orientation The 2011-2015 stage is 5 important years to implement the strategy of
the socio-economic development, the whole country makes efforts to achieve 7 — 7.5% of the average growth in 2015 and about 2000 USD GDP per capita, 17-18%
agriculture, 17 — 18 % industry, 41-42% industry — construction, 41-42% services,
55% the proportion of trained labors (Retrieved in the open speech of the 11" Party
Congress by President Nguyen Minh Triet)
Decisive mportance and significance of training and education for the development
movement of the country, emphasized in several documents of the Party and the Goverment Training and education development is an important strategy of the strategy on the socio-economic development ,“ Development through education” is the truth in the current era, which human’s intellectual becomes the precious
resource for the national success in the global fierce competition In the past time,
education and training has positive changes: The national education system has
been better at all levels, education levels, training levels, eduction types and levels, increased the scales, especially in higher education and vocational training level, improved educational social fairness, especially access chances for women and girls, ethnic minorities, poor and remote areas The types are getting more and more various, non-public education models are developed robustly, making
contribution to supplying and training human resource for the national development
movement Till 9/2009, the whole country has 12.190 kindergartens, 15.051
primary 9.902 elementary secondary schools and 674 elementary high schools, 295 secondary schools, 2192 high schools, 273 vocational schools, 223 colleges, 146
Trang 20Griccd) UNIVERSITY MGMT 689 — Strategy Management universities (The report of Ministry of Education and Training in the 11'" Party Congress)
Resource mobilization in the society for education investment through the
socialization policy is quite effective, the above achievements ared state that be the great contribution of teachers and education management staffs In addition, compared to the regulations of the national development, Viet Nam’s education has
existed in insufficient problems, which means that education is not really be the
leading national policy In spite of being increased financial investment, using efficience has been not good, management organization of personnel, mechanisms, policies is slowly innovative with the low education quality, compared to the actual demands of the society in the integration period; Programs and methods are slow
innovative, not paying attention of creation development of learner’s practice
capacity But, it is necessary to be more objective when assessing and looking at
defects of basically-based educational methods and basic science with the
applications, not high; focusing on training in under graduate and graduate, but not paying promptly attention of training workers with the high level, meaning that lack the synchronous development among education levels and departments, especially high eduction and university education, vocational training education,
which leads to unreasonble situations in the structure of training level, we are
coping with: In our country, the proportion among people with the university degree
and people with the intermediate level and workers’ certificate is 1:1,5:3,5 while the
proportion among regional countries is 1:4:10 ( or 1:5:14) (According to Phan Chu Trinh Economics and Techniques School, etec.edu vn/reonline.asp, 03/08/2010), this proportion is difficult to accept for the robust growing economy
1.3 The necessity in planning development strategy of Sai Gon College of
Accounting, Finance and Informatics
Viet Nam’s State regards education and training and technological science as the leading policy; education and training development is considered as the foundation
Trang 21Griccd) UNIVERSITY MGMT 689 — Strategy Management and driving force of industrialization and modernization movement to be a condition for the improvement of human resource It is necessary to make fundamental changes of education and training Education and training is one of 3 main fields to make a brokenkthough motivation to change the socio-economic situation (Documents in the J1" Party Congress, Truth Publishe, Ha Noi, in 2011) Saigon College of Accounting - Finance - Informatics, located in the strategic economic zone in the south (Ho Chi Minh city, Binh Duong, Dong Nai, Binh Phuoc, Ba Ria-Vung Tau, Tay Ninh, Long An provinces), being the leading industrial center of the country, including 56% labor force, 25% trained labors, 15% skillful labors This proportion is low, compared to regional countries, which affects
competitive promotion of regional enterprises (The report on analyzing labor
market in Ho Chi Minh city in January, 2011, dated on 01/20/2011)
The reason for lacking skillfull labor resource is mainly caused by training human
resource without planning, imbalanced in vocational training system and structure,
focused on university level, not keeping up with economic restructuring demands
Moreover, the demands of the youth after finishing the courses of basic education to
prepare for taking part in the labor market; the demand of further education of labors to change their professtion, labor demand of enterprises and other labors’s purposes, the demands of researching and applying science and technology to serve
for education and training, and initially the demand of continuing the study of graduates in all education levels to have a fixed professional job
Therefore, to meet the urgent demands, Saigon College of Accounting - Finance - Informatics has made development strategy in the 201 1-2010 stage with the scale development in parallel with promoting the training quality, amking contribution to the requirements of technical labors for the strategic economic area in the South and
modernization and industrialization movement of the country
Trang 22Griccs) UNIVERSITY MGMT 689 — Strategy Management
CHAPTER 2: OVERVIEW AND ANALYSIS OF IMPACT FACTORS AFFECTING DEVELOPMENT STRATEGY OF SAI GON COLLEGE OF ACCOUNTING, FINANCE AND INFORMATICS (PERIOD OF 2010-2020) 2.1 Introduction of SaiGon College of Accounting, Finance and Informatics
2.1.1 The overview of the school — Foundation and development process 2.1.1.1 Foundation history
SaiGon College of Accounting, Finance and Informatics, called as former Sai Gon Finance — Accounting — Informatics Private School, founded on 11/01/2006 under Decision No 4886/QD — UBND by president People ’s Committee of Ho Chi Minh, located at 327 Nguyen Thai Binh, ward 12, Tan Binh district, Ho Chi Minh city - In 2007, The school opened unit 2 at, Phan Huy Ich road, ward 14, Go Vap
district, Ho Chi Minh city In 2009, The school opened unit 3 at No 45 Dong Ho,
ward 8, Tan Binh district, Ho Chi Minh city
- In 2010, the school renamed to be Saigon College of Accounting - Finance - Informatics Saigon College of Accounting - Finance - Informatics trains human
resource in departments: Finance, Accounting, Informatics to serve for the domestic
labor demand In addition, the school has also expanded training link forms with
other universities and colleges as well as organizing certificate classes of languages
and informatics
Currently, the school has 91 fixed teachers and staffs (including 15% with graduate degree) with good professional level, education profession, political ideology,
morality and devoted to their profession
2.1.1.2.Organization structure:
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Based on organization and operation regulations of non-public schools as promulgated under Decision No 39/2001/QD-BGD&DT, dated on 08/28/2001 by Minister of ministry of Education and Training, SaiGon College of Accounting, Finance and Informatics was founded with the following organization structure:
Table 2.1.1.2 The scale of organization structure STT Organization model Amount of people Management Board 03 Representatives of foundation members 02 Representatives of Administration Board (Principal) 01 Board of finance control 02 Representives of foundation members 01
Organizations of Party Cell, Labor
Union, Youth Union 03 Board of school management 03 Principal 01 Deputy Principal of training 01 Deputy Principal of finance and infrastructure 01 Departments 25 Training and Management Department for students Organization — Administation — General Department Finance — Accounting Department Faculties Faculty of Elementary science Faculty of Informatics Faculty of Finance and Monetary Faculty of Accounting School’s workshops
Pratice workshop for _ Information
c2 Giobal Advanced Master of Business Administration
Trang 24Grice) UNIVERSITY MGMT 689 — Strategy Management Technology Laboratory Library Source: The report on organization structure situation of Sai Gon Finance — Accounting — Informatics in 2011 2.1.1.3 Infrastructure situation:
To well serve teaching and learning tasks of lectures and students, synchronously to
favorable conditions for learning and living, the school has invested in construction: - Over 4.000 m? thepry and practice classrooms to meet the standards and equipment to meet teaching and learning needs
- A dormitory with 200 accommodation sites with full facilities and recreation area - The school has a main office and 2 units:
+ The main office at 327 Nguyén Thai Binh, ward 12, Tan Binh district, Hd Chi Minh city
+ Unit 2 at 54/9 Phan Huy Ich, ward 14, Gị Vap district, Hồ Chí Minh city;
+ Unit 3 at 45 Dong Hồ, ward 8, Tan Binh district, H6 Chi Minh City with a
total area of about 15.000 m’ and 50 classrooms, 3 computering practice rooms, 2 Laboratories, meeting the demand for 5000 students for learning and researching and a dormitory with accommodation for 200 students
Trang 25Griccs) UNIVERSITY MGMT 689 — Strategy Management Table 2.1.1.3: Allocation status of school facilities TT Workshop and Room Unit | Existing area Notes Name l Management Board house mˆ 500 2 | Hall m° 800 3 | Library m? 200 4 | Theory room mí 3.000 5 Computering room m? 400 6 | Lab mí 200 7 Dormitory mˆ 1.400 8 | Garage m? 400 9 School yard, green area, m? 8.100 transport 10 Total 15.000 Source: The report on infrastructure situation of Sai Gon Finance- Accounting- Informatics in 2011
- In the 2012-2015 stage, the school plans to build 5 house blocks at Unit 2, 4 house blocks for learning and 1 dormitory bock with the accommodation for 10.000 learning and researching students and 700 resident students
- Since 2015-2020: To develop to become SaiGon University of Accounting,
Finance and Informatics, the school plans to build Unit 4 at land lot with the area of 10,2 ha at industrial zone in the northwest of Cu Chi, designed as the following layout:
— Area of management and research of lecturers: 0,2 ha — Lecture room area: 5 ha
— The space for green tree park — schoolyard: 2 ha
Trang 26Griccd) UNIVERSITY MGMT 689 — Strategy Management ~— Conjugated sport area: 2 ha
— Dormintory area: | ha
2.1.1.4.Courses, textbooks and learning fields
Based on Decision No 24/2000/QD — BGD&DT dated on 07/11/2000 and Decision No 21/ 2001 QD- BGD & DT dated on 06/06/2001 by Minister of Ministry of
Education and Training; Based on Decision No 44/2002/QDB-BTC dated on
04/09/2002 by Minister of Ministry of Finance and Accounting, promulgating the program of education framework of professional schools as well as textbooks, seft-
compiled by the school, basing on the standard textbook of Ministry of Education
and Training as issued Saigon College of Accounting - Finance - Informatics
specializes in training 3 fields
Table 2.1.1.4: Industry structure and training fields Training ; No Training sectors term | Recruitment candidates A_ | Industries belonging to profession school (regular system) | | Finance 2 years Pupils graduated high schools 2 | Production enterprise accouting 2 years Pupils graduated high schools 3 | Finance-Monetary 2 years Pupils graduated high schools 4 | Tax management 2 years Pupils graduated high schools 5 | Accounting - Informatics 2 years Pupils graduated high * schools 6 | Networking management 2 years Pupils graduated high schools
B_ | Industries belonging to college system (linked system)
1 | Production interprise accounting 3 years Pupils graduated high
(1 Global Advanced Master of Business Administration 20
Trang 27Gris) UNIVERSITY MGMT 689 — Strategy Management schools, professional schools 2 | Finance-banking 3 years Pupils graduated high and | professional schools
C | Industries belonging to college system (connected system) 1 | Production enterprise accounting | 1,5 years Pupils graduated professional schools 2 | Finance- banking 1,5 years professional schools Pupils graduated Source: The report on structure situation of training fields, Sai Gon Finance — Accounting- Informatics, in 201]
Training targets: Supplying labors with the good profession in fields such as accounting, monetary finance, informatics for enterprises and units in production
and business fields in economic sectors
2.1.1.5 Outstanding achievement for operation after 5 years:
- Setting up the target: “Living is responsible”, implementing the campains
“Studing and following Ho Chi Minh”, “saying without the negative phenomena in
exams and achievement disease in eduction”
- Implementing the urban culture in 2010 — with the slogan of the school “Solidarity
- discipline — inovation — development” Completing the outstanding tasks in the
shool year of 2009 — 2010, teachers and staffs to take part in studing and following
Ho Chi Minh Each teacher is a moral example with self-learing and creativies - In particular, The Party cell of the school during 3 years achieved the title “Clarity
and strength’ (in 2008 — 2009 — 2010), lonely in 2009 — 2010, the Party cell has admitted 4 party members, including a student
- The school also organized and implemented the campaign “studying and following the moral example of Ho Chi Minh’’, granted and recognized by merit certificate
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The movement of Ho Chi Minh Youth Union, labor Union has developed the core
role in the campain of well learning and studying, serving and organizing exams of researching Uncle Ho’s background 19/5 (birthday of Uncle Ho) In 2010, the Union admitted 26 youth members into the Youth Union, 6 staffs in Labor Union
Activities of sport-culture and society, contests of elegant girls, mini
football Especially, public significant activities have donated to support compatriots in the Central Food
- In the latest time, the school has been recognized as one of 18 typical faces in the
final contest of “Researching resolutions of the 9 " Party Congress in Ho Chi Minh
city in the tenure of 2010 — 2015’’, origanized by Labor Union of Education Authority in Ho Chi Minh in December Organizing school management to become
a sustainable unit, excellent individuals, young active lecturers and staffs, devoted
to their profession and leadship tasks of school management With the motto “well teching, learning and serving — clean and beautiful school with solidarity -
discipline — inovation — development” and gained achievements in 2001-2010
Saigon College of Accounting - Finance - Informatics was given the flag of
excellent unit in 2009-2010 year Especially, this year, the school has been received a medal of the State for the movement of education development
2.2 Analysis of macro environment affecting development process of Saigon College of Accounting - Finance - Informatics — Opportunity and challenge indentity
2.2.1 Context of Economic — politics 2.2.1.1, Context of international
- For five years, economic and political situation in the world complicated Although peace, cooperation and development is the major trend, but local wars,
conflicts between the armed forces, terrorism, claims site followed by disaster,
Trang 29Griccs) UNIVERSITY MGMT 689 — Strategy Management disease, energy crisis quality, environmental pollution has become a serious problem worldwide scale, especially when the financial crisis spreading from the
U.S., became the financial crisis and global recession
The science and technology revolution continues to thrive as a foundation for the development of knowledge economy The world is moving to the industrial
revolution, get motivated intellectual development Level innovation and
application of knowledge has decided the level of development of each country The development of science and technology are the basic motivation for the development of economic development - education - culture - society Methods and
educational content changing strong needs supply of high quality labor resources to society
- Globalization and international integration is both a collaborative process to
develop both a challenge for developing countries Economic competition between
nations are becoming fierce, requiring countries must be innovative of technological, innovative thinking of economic, innovative human quality of resource, which must change to reach a new location for education Countries are viewed education as central task of strategic socio-economic development, priorities for investment and promote the development of education for get a edge of
competitive in the market
Educational bring an important mission in human nature the process of
globalization, contribute to enhancing the idea of globalization on each person Educational has opportunitied for everyone to train and develop for conformity with
requirements of social, education for life becomes demanding and commitment of
each country Education system, programs and methods need to change frequently
to eliminate border training in schools in different countries and meet new requirements arising out of the economy
Trang 30Grice) UNIVERSITY MGMT 689 — Strategy Management - Information technology and communications are developed and applied on a large scale in all areas of economic and life of social and has contributed to strengthening
education network Intellectual capital is shared, common worldwide Distance
education became a popular form of learning and effective, creating an open
education, non-gap to meet educational needs learning at any time, any place, creating favorable conditions for exchanges and cultural integration
Parallel to this, the development of telecommunication networks, information
technology also creates opportunities for the introduction of alien values for each country makes to fight fiercely to protect its national identity, prevent blocking
factors negatively affecting their country
2.2.1.2 Context of domestic:
- After 20 years of innovation since the Platform for building the country in the
transitional period ahead Socialism was born, Vietnam is the country entered a
period of strong develop with new positions Economy to overcome many
difficulties and challenges, the basic macroeconomic stability, sustain growth rate, growth potential and scale, our country out of the underdeveloped status Economic growth rate reached 5-year average of 7%, total social investment capital is 2.5
times compared with the period from 2001 to 2005, reaching 42.9% of GDP, GDP
per capital reached $ 1,168 (Opening remarks XI th Congress of President Nguyen Minh Triet.) Most sectors of economic development are pretty
Economic structure continued to shift towards industrialization and modernization, labor structure has a positive shift Consolidating corporations, the establishment of
a pilot group to gradually achieve economic efficiency, the proportion of industry and services is increasing, people's living standards improved markedly, the poverty rate decreased only 14% Especially the integration initiative and joined the World Trade Organization (WTO) to create more favorable conditions for the socio- economic development of the country
Trang 31Griccs) UNIVERSITY MGMT 689 — Strategy Management Orientation of education as a top national policy, have a decisive role in the industrialization - modernization of the country, development of education - training is urgent need for national development Renewal of education achieved some initial results Investment ineducation is attach special importance, the State budget for education and training in 2007 reached over 20% of total budget expenditures
(Draft Education Development Strategy of Vietnam in 2009 to 2020, source Net
Viet Nam News, 12/18/2008) The mobilization of social resources for education
and training in remote and disadvantaged areas are concerned
Education scale was developed, in 2010; all provinces are standard universal lower secondary education Percentage of trained laborers will reach 40% in 2010
Management of scientific technology are innovated, implementation of autonomy
for the units of education, science and technology Science and technology market initially formed simultaneously basic renovation and comprehensive education and
training Make good work of planned construction, development plans,
strengthening the education quality control Perfect mechanisms and policies for
socialization of education and training on all three aspects: the mobilization of
social resources, promoting the role of community supervision, promotion activities
to encourage learning and build social studies practice and facilitate people to lifelong learning
Despite these significant steps of growth, our economy is the economy has low incomes Indicators of infrastructure, human development is still ranked as compared to many countries around the world Labor productivity is low; production is mainly based on outdated technology and products in the rough, high
cost, low value added The economic structure has shifted, but still slow: the
proportion of service industry in GDP is low; the share of agriculture has reduced but still relatively high Economic infrastructure - did not meet the social development requirements External economic activities is limited, lack of initiative roadmap for international integration Institutional market economy socialist
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orientation many obstacles, not synchronized Effective state management for many
areas - economic and social is low 2.2.1.3 Context in branch
- In the process of international integration, education and professional level in
Vietnam under the challenges of national economic Strength, scientific and technological development Develop education level professional standards required
by world standards in terms of resources and limited experience
- A change in science and technology where production is continuous service has impacted significantly on the professional level education Knowledge and skills learners rapidly outdated compared to the requirements of the labor market are a big
challenge on how to reform education
- The process of building the rule of law with the formation documents and circulars, the new directive special relating to education, social issues such as
population growth, employment and unemployment, participation corruption, inequality in income have a great influence on the education system
- In addition to external factors, professional level of education also suffered from changes by the education system as the development of various grades and quality of secondary education, improve policy Intermediate-level professional school to the college, the University
2.2.1.4, Real situation level professional development in recent years:
- On the scale of development:
Forces students to professional level: by the year 2009 - 2010 academic institutions
of professional level is 535 cases in which the professional level as regular 248
(down 25 cases from 2008 - 2009), 258 College, the University has trained
professional level (scale level professional training of the College, the University
Trang 33Griccs) UNIVERSITY MGMT 689 — Strategy Management
accounted for 50% of the total scale) Projected enrollment of 350,000 students this year, bringing the number of professional level students to 700,000 students
Teaching staff professional level is 14,658 people (not counting nearly 15,000 teachers in the College, the University engaged in training professional level), in which the ratio between the total number of teachers on staff member is equivalent
to 67% of the world (Ministry of Education and Training, The Basics of the
management of a professional School, pages 6-7)
Teacher professional level in most training programs were recruited from
University graduates, a few practice teachers have college degrees These economic
sectors, financial services do not have facilities to train teacher’s professional level
In coming years the situation of teacher professional level will be decreased due to
the orientation of the Ministry of Education & Training for teachers will focus on
the college level, or by the situation of wage and payroll, recruitment procedures - The quality of teachers is weak, not follow required to keep up professional
education, knowledge and pedagogical skills are limited, many teachers not yet
using foreign languages and computer service professionals.» - Programs and professional training:
~ Orientation level professional training emphasizes the practical skills appropriate
to the requirements of labor market programs should be based on required knowledge and skills required upon graduation students must meet a certain industry
~ About majors professional level now has over 300 branches and specialized,
many new sections have been added in the field of engineering technology, service,
finance, banking, tourism, health care The tissue accounted for most students in tie fields of economy - services - management (43%), industry and construction
(25%)
Trang 34Griccd UNIVERSITY MGMT 689 — Strategy Management
- Financial investments and facilities:
Although investment in the training budget for professional level has increased (2001: 627 billion VND - 2006: 1434 billion - 2008: 3093.9 billion) but also by the spread of investment, lack of it may be highly effective (Ministry of Education and Training, The Basics of the management of a professional School, pages 12 - 14)
- The tuition fees for professional level is very low (For the professional level non-
public schools average from 200,000 to 550,000 VND per month), from which income in the field just enough to cover the expenditures frequently, while the re- investment is very low impact on improving quality and attracting talent, equipment and lack of training leads to lower efficiency, level of socialization is not high
- In terms of educational administration shall comply with Education Law 2005, Decree 75/2006/ND - CP On education management bodies are the Central Ministry of Education - Training at the local People's Committee of province or
city, under the Department of Education - Education and other departments directly under management Notable features of the education management professional level demonstrated in the points:
+ There is no uniform model of management between the local ( having school
under committee of provincial, towns, local under branches or department attached
to the management facilities overlap, making the effective is not high
+ State Administration loosened, the direction from the level of education to
function in terms of professional schools is limited, sometimes overlapping difficult
- Quality level professional education:
Overall, the quality of education and professional level does not meet the pressing demands from the labor market Capable of exercising the profession, language
skills, soft skills, and the ability to create jobs is limited Although the >
G Global Advanced Master of Business Administration 28
Trang 35Griccd) UNIVERSITY MGMT 689 — Strategy Management unemployment rate for students in professional level investigations of the industry
is only about 4-5%, but the issue of labor productivity, labor quality and learning opportunities for students to Central High professional level of interest thoroughly
2.2.2 Social factors
Assessing the importance of education - training in the construction and economic
development in the new period, Party and state interest and investment in special education After 20 years of reform, the education sector has witnessed significant
social
2.2.2.1 Socialization of education:
- Education and the role increasingly important task in building a new generation of Vietnam, meet the requirements of economic development and social, gradually bring meaning and importance of education - awareness training to each person in
society Social psychology in terms of education - training has many positive changes: most people are interested in learning needs, the relationship between school and society are markedly improved
Social work education and the mobilization of resources for education and has achieved initial results The social forces to participate more actively in the
mobilization of children attending school, monitoring, evaluation and donor plans
for education and building school facilities invest in, contribute funds for education
in many different forms State budget for education has increased investment,
besides, also has raised the contribution of enterprises, institutions and socio-
political and foreign investment
- The basis of non-public education grows Number of pupils and students enrolled in educational institutions outside the public is increasing 2007-2008 school year, the percentage of students, non-public students is 15.6%, and the percentage of
Trang 36Griccs) UNIVERSITY MGMT 689 — Strategy Management
school children is 9%, professional secondary students is 18.2%, 31 trainees are , 2% of college students, college is 11.8%
- Social justice in education has improved, particularly increasing educational
Opportunities for girls, ethnic children, children of poor families and disabled
children The exemption or reduction of tuition, scholarships and other support
policies have created conditions for the majority of children of poor families to
education policy, first at the universal level 2007-2008 school years, vocational students, college students, universities have difficulty to get loans to study in large
numbers; 53% of students nationwide are exempted fees Education in areas of
ethnic minorities, regional and remote areas has made marked progress The difference in education between men and women are increasingly narrow Basically our country has achieved gender equality in basic education
- Scale and educational institution network was developed, to better meet the learning needs of society: the academic year 2007-2008, there were nearly 23
million pupils and students, an increase of 2.86 % compared with the 2000-2001
school year in which the number of students training to increase 2.14 times the
number of professional secondary students increased 2.41 times the number of college students, university increased 1.75 times, raising percentage of college
students, the university increased 1.6 times a thousand people, some graduate students and graduate students increased 2.5 times
Network of schools has been developed throughout the country, training facilities, colleges and universities were established in most residential areas In addition,
there are many foreign languages training facilities and training to raise professional qualifications and professional with foreign elements are Operating in Vietnam A learning society was formed in Vietnam clarity (Draft Education Development
Strategy of Vietnam in 2009 to 2020, Viet Nam Net sources, 12/18/2008)
Trang 37Griccs) UNIVERSITY MGMT 689 — Strategy Management - The quality of education at all educational levels and training levels has changed Teaching and content knowledge of school children has been progress, more comprehensive The level of knowledge, ability to access new knowledge on the part of pupils and students is enhanced Majority of students have set themselves ambitious, self-made and have the spirit of independence and the majority have a job Training quality of some training in science and technology has advanced a
step, has held many teaching programs international advanced
2.2.2.2 Policy innovation of the State:
- The management of education has made great changes The management of quality has been increased attention to the rating system and quality control In
2008, the Ministry of Education and Training has completed the renovation construction projects and financial mechanisms in education and training, including
tuition fees scheme
- The decentralization of education management to local authorities and educational
institutions be strengthened, particularly increased autonomy for educational institutions in recruiting teachers, funded, organized educational process,
implementation of teaching plan and implement programs and textbooks in line with the characteristics of students and subject specific conditions of each region
- Administrative reform in the sector of education has been promoted The "one
stop” was piloted at the ministry office and 63/63 of the Department of Education
- Tax Policy applies to the education sector also reflects the concern of the State for the education sector, the vocational education institutions, the business of education, teaching equipment - teaching trades are exempt from value added tax reduction,
income tax
- To promote the socialization of education, mobilizing all resources for education,
state policy is much more inviting and open to investments in education (tax-free,
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long-term lease, consultancy established ) Scale and structure of schools,
institutes, training centers on the development, including many foreign language training facilities and training to raise professional qualifications and professional with foreign elements operating in Vietnam
- The study recommended financial policies, scholarship policies, encouraging study; the training of young intellectuals for the education sector is also considered
important annual
2.2.3 Science elements - technology:
- Information technology and communications are developed and applied on a large
scale in all areas of economic and social life and has contributed to strengthening its
education network Intellectual capital is shared, common worldwide
- Have strengthen the link between science and technology activities with activities
of postgraduate training, focusing on the fields of biotechnology, information technology, materials technology, agro-forestry sciences -fishing and scientific
education To better meet the manpower requirements to provide for the economic- social, improve training efficiency, in the two years of education and training sector has been actively promoting the implementation of training associated with social needs
2.2.4 Environmental factors:
- Apart from Ha Noi Capital, Ho Chi Minh City is an economic, political and
educational center of the country Here gather economic, political and cultural transactions, infrastructure is developed, policy on economy and education is
enlarged in order to put a base for development of companies in the inner and suburban districts, which supports for the city’s development as well as meets employments, raise the living standard of the urban people
Trang 39Griccs) UNIVERSITY MGMT 689 — Strategy Management - To aim at meeting human resources supplying demand, in Ho Chi Minh City for the past years, training facilities have been widely launched with all of grades, Schools, Institutes and regular and irregular training centers are available
everywhere to create conditions for the urban people’s studying
2.2.5 Analysis of strong and weak points, opportunities and challenges to occupational education:
2.2.5.1, Opportunities
- The process of integration with the sharply renovating movements for education is
happening all over the world, impacting on our country and generating favorable
chances in order for our country to swiftly approach fresh trends, knowledge, modern educational model, take the advantages of international experiences for its renovation and development, shorten the gap between our country and other countries and create employments and newly competitive power
- The international co-operation is expanded so as to enhance investments from
other countries, international organizations and foreign companies for education, increase demands of labor recruitment via training and create chances for educational development
- The people have been overcoming hardships, economic growth is constant and quite high, economic structure shifts according to the positive and progressive direction in both density and quality; economic, technical and social infrastructure has a moderately good development Achievements which were obtained in socio- economic development and political stability make our country stronger much in position and power compared to before, speed up studying demands and facilitate
training units’ scale development
- Positiveness of the market (competition in quality, school fee to capture the attention of students, payment for lecturers to attract the excellent individual,
Trang 40Griccs) UNIVERSITY MGMT 689 — Strategy Management competition in human resources ) is apparent in accordance with rules of the world Policies on educational socialization have erased the wall between state training model and private one to create a level playing field for educational forces
- Viet Nam population is in the ideal ages for train skillful labor
- The present strategy is to develop education nationwide and plan school network, the country put forward targets and facilitate professional schools’ development
Completion of the interior market mechanism generate conditions for education,
especially, professional education brings into play its role with socio-economic development of the whole country and each of provinces
- Development of science and technology contribute an important role to renovate management, teaching methods and generate opportunity for learners “Just-in-
time”, ICT is a helpful mean in order to support occupational education to reach Jobs and globally educational experiences soon
- Saigon College of Accounting - Finance - Informatics has developed in orientation
of occupation and timely application along with other schools in Ho Chi Minh City
and the whole country to positively have a part in dealing with demand of human
resources This is a new heading for occupational education model in Viet Nam for the labor market, for mobilization of out state budget human resources as well as
connection of training with using labor in the localities 2.2.5.2 Challenges
- Vision and awareness of society, levels and branches to occupational education is limited The training units have not clearly determined about confliction of
managing thought ( new and old ones ) under the conditional of economic market,
relationship between power and benefits of the state, mentality of relying on others of the subsidizing period hag been still popular