Tuesday,  Oct 23, 2018,11:49 (GMT+7) 0 0
Vietnamese students win second prize in regional business case competition
The Saigon Times Daily
Tuesday,  Jun 12, 2018,14:56 (GMT+7)

Vietnamese students win second prize in regional business case competition

The Saigon Times Daily

RMIT Vietnam students are the first runners-up in the 2018 HSBC/HKU Asia Pacific Business Case Competition - PHOTO: COURTESY OF THE ORGANIZER

The Vietnamese students team from RMIT Vietnam was the first runners-up in the final round of the 2018 HSBC/HKU Asia Pacific Business Case Competition in Hong Kong last week, taking home the prize money of US$5,000.

In its 11th edition, the HSBC/HKU Asia Pacific Business Case Competition brought together 24 university teams from Asia Pacific to compete for the champion cup in Hong Kong.

During the four rounds of intense competition, the students were given a real business case in each round including healthcare, retail and aviation industry. The team had three hours to prepare, analyze the case and propose a strategic plan to solve the problems, followed by a 20-minute presentation to a panel of judges.

The Vietnam Business Case Competition champion members including students Nguyen Hoang Yen Khanh, Luu Thai Quang Khai, Tran Vo Thanh Tu and Rahul Ravindranath demonstrated their understanding of business strategies by arriving at creative management solutions, as well as fluent presentation skills and quick-wittedness when responding to questions from the panel judges.

The champion was the team from South Korea’s Yonsei University while the Second Runner-up was McGill University and the Third Runner-up was the University of Alberta, both from Canada.

Pham Hong Hai, CEO and chairman of the Corporate Sustainability Steering Committee of HSBC Vietnam, which organized the local competition in Vietnam, said: “This competition provides invaluable opportunities for university students to learn to apply theoretical business knowledge into real business cases and to collaborate with each other… I believe all participating students had a chance to foster their cross-cultural knowledge and gain business exposure through this international event,” he added.

RMIT Vietnam’s School of Business & Management student Luu Thai Quang Khai said one of the biggest challenges for his team was to manage to come up with a well-developed strategy within a very limited time.

“We then had to present that strategy appropriately and comprehensively to the judges. Our team was always very well-aware of how hard we had to try to be able to compete at the international level. Therefore we always put all we have into the competition, work hard, and collaborate well with each other,” Khai said.

Since 2015, RMIT Vietnam has represented Vietnam competing in the Asia Pacific competition and this year they won the First Runner-up title for the first time.

The HSBC/HKU Asia Pacific Business Case Competition is the world’s largest business case competition for undergraduate students, aiming to enhance business literacy among the students by challenging them to come up with creative and feasible solutions to solve real-life business cases. It is sponsored by founding member The Hong Kong and Shanghai Banking Corporate Limited (HSBC) and organized by the Asia Case Research Center of the University of Hong Kong.

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