Media Release – Strategic Partnership between VIETSTAR & SMU – SINGAPORE in Management Capability Enhancement and Digital Transformation for Vietnamese Enterprises in the trends of energy transition

VIETSTAR and Singapore Management University join hands to build capabilities of corporate leaders in Digital Transformation and Corporate Governance

Singapore, 25 February 2022 (Friday) – VIETSTAR Training & Consulting JSC (VIETSTAR), a leading training and consulting organisation in Vietnam, and Singapore Management University (SMU) have signed a Memorandum of Understanding (MOU) to establish a partnership for strategic cooperation in Management Capability Enhancement and Digital Transformation. The partnership aims to hone the management and leadership capabilities of leaders and managers in Vietnamese enterprises, positioning them to success in the region and beyond.

Taking place on February 25, 2022 in Singapore, the MOU signing signaled the commitment of both partners to focus on improving the management capabilities of Vietnam’s leaders and managers, share best practices in corporate governance and digital transformation, and promote cooperation between Vietnam and Singapore through the co-organising of the Vietnam-Singapore Board Forum (VSBF). The awarding of the MOU took place in the presence of Vietnam’s President Nguyen Xuan Phuc, as well as senior leaders of Vietnam and Singapore.

Ms. Pham Thi Thu Hang, CEO of Vietstar, said, “We sign this partnership MOU with the desire of enhancing management capabilities of Vietnamese managers and leaders in the international arena and building a bridge for corporate leaders of the two countries to share management experience which is the cornerstone to maintain growth, create value, and tighten the good relationship between the two countries.”

“We have long-lasting partnerships with major universities in the world and more than a decade of experience in consulting and training for large corporations and enterprises in Vietnam. We believe that the partnership signing with SMU, Asia’s leading university known for its difference in teaching methods and techniques, will contribute to supporting Vietnamese enterprises in management capability enhancement, digital transformation and sustainable development,” emphasised Ms. Pham Thi Thu Hang.

Singapore is one of three major investors in Vietnam. Trade turnover between the two countries has significantly increased, especially Vietnam Singapore Industrial Park (VSIPs) symbolizing the economic cooperation of the two countries are successfully operating in Vietnam. Data from Vietnam’s Ministry of Planning and Investment revealed that Singapore was among 106 countries and territories investing in Vietnam in 2021 and led with USD 10.7 billion, accounting for 34.4% of total foreign direct investment (FDI) in Vietnam.

With the signing of the MOU, both partners in the year ahead will focus on launching Corporate Governance and Digital Transformation executive programmes for Vietnam’s energy industry leaders. In addition, both entities will collaborate to co-organise the Vietnam – Singapore Board Forum. The event promises to focus on global strategies related to sustainable development, including a deep dive into Vietnam’s policies for collaboration with the region and the world and incorporate sustainability into core strategy and business operations of enterprises.

“SMU is pleased to partner VIETSTAR in building holistic and multidisciplinary programmes for senior executives and leaders in Vietnam. We are confident that programme participants will appreciate the distinctive benefits in SMU’s practice-driven approach to teaching, industry linkages and facilitation of networking opportunities. With our faculty experience and track record in delivering an engaging curriculum, senior executives will be equipped with new knowledge to tackle unforeseen challenges in a fluid and ever-changing world,” said SMU Provost, Professor Timothy Clark.

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About VietStar Training and Consulting Joint Stock Company (VIETSTAR)

With over a decade of establishment and development, VIETSTAR has successfully positioned itself as the leading training and consulting organisation in Vietnam with the strengths of Leadership and Organizational Transformation, Effective Corporate Governance, and Sustainable Development Contribution for Vietnamese Enterprises.

 

In addition to the strategic partnership with Singapore Management University (SMU), VIETSTAR has long-lasting cooperation relationships with Paris Graduate School of Management – PGSM (France), University of Ulsan (South Korea), KPMG, Tricor Group and many other leading educational institutions and corporations worldwide. With the team of advisors who are from ASEAN governments and domestic and international strategists, economic experts, entrepreneurs, and corporate leaders in combination with innovative and customized training and consulting approaches, VIETSTAR has become a prestigious world-class training and consulting brand for large corporations in Vietnam. www.vietstar.edu.vn

About Singapore Management University

Established in 2000, Singapore Management University (SMU) is recognised for its disciplinary and multi-disciplinary research that address issues of global relevance, impacting business, government, and society. Its distinctive education, incorporating innovative experiential learning, aims to nurture global citizens, entrepreneurs and change agents. With more than 11,000 students, SMU offers a wide range of bachelors, masters and PhD degree programmes in the disciplinary areas associated with the six schools – Accountancy, Business, Economics, Computing, Law and Social Sciences. It also offers a growing number of executive development and continuing education programmes. Through its city campus, SMU focuses on making meaningful impact on Singapore and beyond through its partnerships with industry, policy makers and academic institutions. www.smu.edu.sg

Media Contacts:

Nguyen Hien

Project Assistant

Corporate & Consulting Department

VIETSTAR TRAINING & CONSULTING JSC

Hotline: +84.24.3641 0954 | +84 90450 1369|

Email: project@vietstar.edu.vn

 

Valerie Won

Assistant Director, Corporate Communications, Singapore Management University

DID: +65 6828 0020 | Mobile: +65 9734 2969 | Email: valeriewon@smu.edu.sg