Foreign Trade University HCMC named winner of Local CFA Institute Research Challenge
HANOI – The CFA Institute, a global association of investment professionals, and the CFA Volunteer Community Vietnam have announced that Foreign Trade University HCMC has won the local competition of the CFA Institute Research Challenge in Vietnam.
The team now advances to the Asia Pacific Regional Final where it will compete against universities from neighboring countries.
The sixth CFA Institute Research Challenge in Vietnam provides university students with hands-on mentoring and intensive training in financial analysis to promote best practices in equity research amongst the next generation of financial professionals.
The students from the winning team will represent Vietnam at the Asia Pacific Regional Final in Bangkok, Thailand on March 14-15, 2017 and get a chance to advance towards the Global Final held in Prague, Czech Republic on April 28, 2017.
“The students from Foreign Trade University HCMC have demonstrated that they have the important skills and attributes to become professional research analysts. The financial industry is a challenging environment, and we need young people like them who possess the skills, technical knowledge, persistence, as well as commitment to upholding the highest ethical standards,” said Mr. Vo Sang Xuan Vinh, who represented the CFA Institute members in Vietnam to organize the competition. “We wish them all the best in the Asia Pacific Regional Final in Bangkok.”
Competing in the qualifying round were students from 17 universities and four advanced to final. The four finalist teams came from Foreign Trade University HCMC, RMIT University HCMC, Hoa Sen University HCMC and Banking Academy Hanoi. Their challenge was to provide investment research recommendations for the stock of Phu Nhuan Jewelry Joint Stock Company, which produces, retails, trades in, imports, and exports gold, silver, jewelry, gemstones, fashion products, arts and craft products in Vietnam. The four finalist teams presented their analysis and proposals to a panel of judges comprised of investment experts.
“We witnessed this remarkable professional judgment and a high level of enthusiasm from the finalist teams. This bodes well for the future of the financial industry in Vietnam and the rest of Asia Pacific,” said Mr. Biharilal Deora from CFA.
“The institute believes in the benefits of working with the academic community through the Research Challenge to help prepare the best and brightest students in each country for the rigor and responsibility of the finance profession,” he said.
Entering its 11th year now, the CFA Institute Research Challenge offers students with the unique opportunity to learn from leading industry experts and their peers from the world’s top business schools. Ethics and professional standards are essential components of this challenge.
Through the course of the competition, which requires hundreds of hours of preparation, participants receive mentoring from a professional research analyst as they analyze a publicly traded company, write a professional research report, and present their research results and recommendations to a panel of high-profile experts. The first Research Challenge competition was hosted by the New York Society of Security Analysts in 2002 and involved just five teams from the New York area. Since then, the competition has grown to involve tens of thousands of students from over 900 universities in more than 75 countries.
Meanwhile, a ceremony for new CFA charter holders was held following the Research Challenge final. This year, 51 individuals in Vietnam earned their Chartered Financial Analyst® charter designation in a ceremony in Hanoi. To earn the CFA designation, candidates must pass three levels of rigorous exams, fulfill four years of work experience, and abide by the CFA Institute Code of Ethics and Standards of Professional Conduct. There are about 137,000 CFA charter holders in the global community, and 171 of them are in Vietnam.
The CFA Institute is a global association of investment professionals that sets the standard for professional excellence and credentials. The organization is a champion for ethical behavior in investment markets and a respected source of knowledge in the global financial community.
The CFA Institute Research Challenge gathers students, investment industry professionals, publicly traded companies, and corporate sponsors together locally, regionally, and globally for an annual competition. In order to promote best practices in equity research and company analysis, students research, analyze, and report on a company as if they were practicing analysts.