THE FASS FORUM VIETNAM

Hosted by Vietnam CFO Club & Japan Association for CFOs

THE ASIAN CFO AMIDST THE FINANCIAL TURBULENCEEVENT OVERVIEW
Date:Venue:

Wednesday, November 24, 2010
Melia Hanoi Hotel
44B Ly Thuong Kiet St., Hoan Kiem Dist., Hanoi, Vietnam
Working Language: English, Vietnamese, Japanese
Attendance Fee:VCFO and JACFO official Members: free
Non-members: 500.000VND;
Group discount: 20% for 2 or more

13:00 – 13:30
13:30 – 13:45

Welcome and Opening Remarks
Mr. Nguyen Ngoc BachFounder & Director of Vietnam CFO ClubChairman & CEO of AsiaInvest GroupMr. Hiroshi Yaguchi
Vice Chairman of IAFEI
Founder and Executive Director of Japan Association for CFOs
Dr. Nguyen Trong Hieu
Deputy Director General - Agency for Enterprise Development
Ministry of Planning and Investment - Vietnam

13:45 – 14:30

VIETNAM 2011 ECONOMIC OUTLOOK
Dr. Le Dang Doanh
Senior Fellow of the Economic College, Hanoi National UniversityOverview
The economy of Vietnam has witnessed a significant recovery during the past twoyear 2009 and 2010, poverty education activities also effectively implemented.
Domestic investment including private investment remains at high level. However,Vietnam faces with various problems in macro balance, namely inflation, budget
deficit, increasing public and foreign debt, international trade deficit and current
account deficit which strongly influenced to the exchange rate. The amount offoreign currency and gold are have not been mobilized into banks which brought
about difficulties in foreign exchange liquidity. Recently, the Government ofVietnam has just set out an ambitious target in which focuses on inflation
stabilization while at the same time trying to reach a higher economic growth rate.
This target leads to changes in lending policies. Banking interest rate in Vietnam
remains high. Economic growth strongly depends on capital investment while thecontribution of TFP is still low. Vietnam should strengthen reformation process andeconomic reform to achieve continued economic growth in the future.

14:30 – 15:15

CORPORATE GOVERNANCE IN THE PRIVATE SECTOR & THE
ROLE OF THE CFO
Mr. Tadashi Ishida
Senior research fellow of Japan CFO Association, Japanese CPA
Overview
Based on his 25 years of experience as an independent auditor and another 13 yearsof experience as the CFO of Japanese public companies, Mr. Ishida is going to: Give an overview of corporate governance system embodied in theCompany Law, which regulates the activities of all the companies inJapan,
 Address the reality and challenges of corporate governance facedby public companies listed in the Tokyo Stock Exchange, and Discuss the role of the CFO of a public company from the corporate
governance perspective

15:15 – 15:35

Coﬀee break15:35– 16:15

ENHANCED FUNCTION OF CFO AND RISK MANAGEMENT
Mr. Duong Hai
Standing Vice Director of Vietnam CFO Club
CFO, Partner of Vietnam Partners LLC, Ho Chi Minh City Chief Representative
Officer
General Director of VietLand Partners
Overview
Mr. Hai is going to: Analyze the changing roles of CFO in new environment
 Discuss CFO role in risk management
 Assemble negative signals of a weak risk management system infinance and recommendations to improve

16:15 – 16:40

IAFEI GLOBAL ACCREDITATION PROJECT
Mr. Tran Xuan Nam
Vice Director of Vietnam CFO Club
Vice CEO of The 21 Century Group
Overview
Project to build an international standard system call as the Finance andAccounting Skill and Knowledge Standards (FASS), this standard will be as a basis
for measuring the practical ability of financial & accounting human resources
The qualification programs based on FASS will be launched with the aim to be
globally recognized as an opportunity for finance and accounting professionals todemonstrate their practical (or skill) and technical (or knowledge) proficiency aswell as a tool for employers to measure such proficiency of their existing andpotential employees

16:40 – 17:00

UTILIZING FASS AS ASIA COMMON PLATFORM
FOR FUTURE IMPROVEMENT
Mr. Hiroshi Yaguchi
Vice Chairman of IAFEI
Founder & Executive Director of Japan Association for CFOs
Overview
Mr.Yaguchi is going to talk about Asia FASS project implementation plan with theaim of capturing benchmarks and best practices for finance and accounting skills.

Dr. Nguyen Trong Hieu

Dr. Le Dang Doanh

Deputy Director General Agency for Enterprise
Development
Ministry of Planning and Investment - Vietnam

Senior Fellow of the Economic College, Hanoi
National University (HNU)
Member of the Scholar Board of Central
Institute of Economic Management (CIEM)

Mr Hieu was born in 1954. He holds a bachelor’s degree inengineering from Donesk Technology University in Ukraine, andearned his Ph.D. of geophysical sciences from the Moscow
University in Russia.
After 12 years experience as engineer of Research Institute - The
Ministry of Industry, Dr. Hieu was in place of official of theNational Intellectual Property Office - the Ministry of Science,
Technology and Environment, and then Director of Technology
and Investment Consultancy, Director of SME Promotion
Division Agency for Small and Medium Enterprise Development- The Ministry of Science, Technology and Environment.

Mr. Nguyen Ngoc BachFounder & Director of Vietnam CFO Club
Chairman & CEO of AsiaInvest GroupMr. Bach holds a bachelor’s degree from Hanoi University ofFinance and Accounting, and an MBA from Pacific WesternUniversity (USA).
Mr. Bach is a founding shareholder of Asia Invest Group.
Mr. Bach is a gifted expert in corporate governance and finance.
He has worked for over 18 years in financial area including 11years as Chief Financial Officer for multinational corporations
and telecommunication firms in Vietnam (TNT, Hutchison
Telecom, HT Mobile).

Mr. Hiroshi Yaguchi
Vice Chairman of IAFEI
Founder & Executive Director of Japan
Association for CFOs

Hiroshi Yaguchi helped establish the CFO Headquarters Co., Ltd.
in 2000 and served as its president. He then co-founded theJapan Association of Chief Financial Officers (JACFO) where heserved as a Member of the Board until he was appointed its
Executive Director since 2003.
Mr. Yaguchi earned his degree at the University of Tokyo,
Department of Economics. He joined Sumitomo Bank in 1989
and became the Deputy Chief of Personnel Department in 1996.
He served as the Deputy Manager of Hibiya Branch and wasselected as the Deputy Chief of Corporate Department in 1999.

Dr Le was a board member of the (private, independent)
Institute of Development Studies, Hanoi, from November 2007
until the IDS was self-dissolved on 14 September 2009. Before
that, Dr Le was a senior economist and advisor to the Minister ofPlanning and Investment until his retirement in July 2007.
Dr Le has also been a member of the (advisory) researchcommission of the Prime Minister of Vietnam from 1993 until
June 2006; the president of the Central Institute of Economic
Management (CIEM) between 1993 and 2001; vice-president ofthe CIEM from 1990 to 1993; and the senior economist to thegeneral secretary of the Communist Party of Vietnam Nguyen
Van Linh from 1989 until 1990.
In addition, Dr Le has lectured at universities and academies inHanoi, and spent time as a visiting professor at the Nihon
University in Tokyo. He has served on various boards andcommittees, including: the commission for state-owned
enterprise reform; the research group of the Prime Minister forsocio-economic and administration reform; the commission for
finance and monetary policy; the Vietnam-Japan ResearchCouncil; and the commission for finance and foreign exchange in
East and South East Asia of the Ministry of Finance of Japan,
nominated by Minister Myazawa.
Dr Le is a widely published author, who has written newspaper
articles, chapters for academic publications, and contributed toworking papers and economic reviews.
Dr Le attended the Technical University of Leuna-Merseburg inGermany, where his work was awarded a high distinction. He
pursued his postgraduate studies at the Academy of National
Economy, Moscow, and the University of National Economy,Hanoi.

Mr. Tadashi Ishida
Senior research fellow ofJapan CFO Association,
Japanese CPA

Mr Tadashi Ishiada served as senior managing director and Chief
Financial Officer at Sega Sammy Holdings Inc from 2005 to 2008
and as Executive Vice President and Chief Financial Officer at
McDonald's Company (Japan), Ltd from 1996 to 2005.
He has 13 years of experience in supervising comprehensive
financial activities in a global leading companies as Chief Financial
Officer and also as a Board Member, based on professional skills
acquired during practicing auditing and business consulting as apartner of the major worldwide accounting firms.
Registered to JICPA (Japanese Institute of Certified PublicAccountant) as a Certified Public Accountant (Japan) in 1980.

Mr. Tran Xuan Nam

Mr. Duong Hai

Vice Director of Vietnam CFO Club
Vice CEO of The 21 Century Group

Standing Vice Director of Vietnam CFO Club
Partner of Vietnam Partners LLC, Ho Chi Minh
City Chief Representative OfficerMr. Tran Xuan Nam, Maastricht MBA with more than 25 years
experience as Senior Management, Financial Director of
multinational companies such as Unilever, Coca-Cola, Scancom& some local large, successful corporations. He was a CEO ofSaigon Paper, a local large corporation, one of 12 companies ofASEAN has got a ward “The most admired enterprise” at theend of year 2007, granted by ASEAN Business ConsultantCommittee. He is also a lecturer of International Professional
Accounting Organization – ACCA, some recognized US &Australian Universities. He is an author of some recognizedbooks such as Financial Accounting, Management Accounting,International Accounting Applied in Viet Nam, Financial
management, Accounting & Taxation Handbook and Securities
Investment Analysis. He also works as a consultant for somelocal international companies & organizations.

Mr. Hai has 18 year experience in financial management inbanking, manufacturing and trading. He served as CFO at
Citibank Vietnam, where he provided local accounting and tax
advice to develop and launch new banking products to meetthe needs of Vietnamese corporations, multi-national andregional companies. He was also responsible for measuring
profitability of the bank’s products and customer segments andensuring accuracy of the Management Information System.
He was an advisor to several Vietnamese state-owned
commercial banks and joint stock banks in bank businessstrategy; centralized fund management systems and transfer
pricing rate mechanisms; management information system andrelated operations and technology; debt restructuring; riskmanagement; core banking system and bank operational areas.
Beside Citibank Vietnam, Mr. Hai also served as CFO of AVON
Vietnam and a group of local companies.
Mr. Hai received his MBA from Maastricht School ofManagement (the Netherlands). He holds a BA in accounting
and finance from Hanoi University of Finance and Accountancy
and a BA in laws from University of Social Science and Humanityin Hanoi.