A survey on the current situation of application of internal controls and codes of conduct at Vietnamese businesses was conducted and the survey results were published in March 2019. The survey showed that businesses were basically aware of internal controls and codes of conduct but had low interest in their application. About 40-50% of interviewed businesses (239 businesses) did not fully or correctly understand the definitions of codes of conduct and internal controls. Many aspects of internal controls were not fully applied, including, for example, the assessment of work performance, risk identification, resources for internal controls-related functions, staff capacity building. One of reasons for these shortcomings, include the lack of specific guidance and training for staff on the benefits of these efforts and how to effectively apply internal controls and code of conduct in their work. For codes of conduct, an assessment of compliance with the code was not included in year-end appraisals. It was not considered an important part of doing business. In the framework of the « Government-Business Integrity Initiative –GBII », the Vietnam Chamber of Commerce and Industry (VCCI) delivers a training course with the topic “Guidance on the application of Internal control System and Code of conduct in business” on Thursday, 26th November 2020 (01 day from 8a.m to 5p.m) in Beijing Hotel (Location:110Mai Hac De, Vinh city, Nghe An). This training aims to provide overall introduction of internal control mechanism and code of conduct for businesses. The program is funded by the UK Prosperity fund within the Regional project on “Promoting a Fair Environment in ASEAN” implemented by the United Nations Development Programme (UNDP). Through this training, businesses will achieve these following outcomes: Understand the three lines models and common business risks in current economic context; Role of internal control mechanism and code of conduct, current international practice and legislation in Vietnam; Methodology, development and implementation process of internal control mechanism and code of conduct; Target audiences: Board of Directors, Board of Management; Head of division and Supervisory Board staff , internal audit division, legal department; Head of division and accounting-finance staff; Head of division who have limited understanding on internal control system and code of conduct; Other relevant personnel. Expected experts: Highly experienced experts from Academy of finance; International Collaboration Department-Vietnam National University The training aims to support businesses and does not charge any entry fees. At the program, documents, tea breaks and luncheon are provided. Each company registers 01 participant.
The board of management plays a key in setting strategy, vision, and core values as well as building trust and business culture. A good manager is not only good at management skills but also is able to consider, predict, and assess changes in business environment to propose appropriate reforms for business survival and development. To this end, a manager should effectively oversee all activities by designing strong internal controls and applying them effectively. In addition, in the context of a market economy and globalisation, building a robust business cculture is an essential task and should be maintained throughout a company’s operations. Therefore, a manager should build business culture through the development of a code of conduct, shaping the firm’s leadership style and working style of staff. That is the main reason for designing the training program “Guidance on the application of Internal control System and Code of conduct in business” within the framework of the “Government-Business Integrity Initiative –GBII”, implemented by the Vietnam Chamber of Commerce and Industry (VCCI) under the Regional project on “Promoting a Fair Environment in ASEAN” administered by the United Nations Development Programme (UNDP) and and sponsored by the UK Prosperity fund. Therefore, SDforB in cooperation with Thai Nguyen Women Business Association held this training course on Thursday, 19th November, 2020 (01 day from 8a.m to 5p.m) in Dong A Plaza Hotel (Location: 668 Phan Dinh Phung Street, Dong Quang Ward, Thai Nguyen City) Target audience: Board of Directors, Board of Management; Head of division and Supervisory Board staff , internal audit division, legal department; Head of division and accounting-finance staff; Head of division who have limited understanding on internal control system and code of conduct; Other relevant personnel. Expected experts: Highly experienced experts from Academy of finance. The training aims to support businesses and does not charge any entry fees. At the program, documents, tea breaks and luncheon are provided. Each company registers 01 participant. Please kindly send registration form (name, position, address, email, mobile) email: xuandtb@vcci.com.vn until 23/11/2020 (contact Ms Xuan: 024-35743492). Organizer will stop receiving attendance ahead of time if the expected number of participants is reached.
Development and application of internal controls and codes of conduct are considered an effective mesure for good corporate governance, ensuring sustainable development through realising commitments with relevant parties. If a business has weak internal controls and an ineffective code of conduct, its governance and control functions will be less effective, increasing opportunities for fraud or non-compliance with the laws and regulations.On the contrary, strong internal controls together with strict code of conduct will helps improve monitoring functions for the timely detection and prevention of fraud/non-compliance. With this important meaning, the training program “Guidance on the application of Internal control System and Code of conduct in business” is designed within the framework of the « Government-Business Integrity Initiative –GBII », implemented by the Vietnam Chamber of Commerce and Industry (VCCI) and sponsored by the UK Prosperity fund under the Regional project on “Promoting a Fair Environment in ASEAN” administered by the United Nations Development Programme (UNDP), organizing on Wednesday 25th November, 2020 (01 day from 8a.m to 5p.m) at Palms Hotel (Location: 15 Phan Chu Trinh, Dien Bien Ward, Thanh Hoa City) Target audience: Board of Directors, Board of Management; Head of division and Supervisory Board staff , internal audit division, legal department; Head of division and accounting-finance staff; Head of division who have limited understanding on internal control system and code of conduct; Other relevant personnel. Expected experts: Highly experienced experts from Academy of finance. The training aims to support businesses and does not charge any entry fees. At the program, documents, tea breaks and luncheon are provided. Each company registers 01 participant. Please kindly send registration form (name, position, address, email, mobile) email: xuandtb@vcci.com.vn until 23/11/2020 (contact Ms Xuan: 024-35743492). Organizer will stop receiving attendance ahead of time if the expected number of participants is reached.