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CFAC 2021 national scientific conference successfully closed with 2 sessions on Finance and Tourism

07/04/2021
After 2 discussion sessions on Accounting and Commercial Business on 01/07/2021, the remaining 2 sessions of the national scientific conference on Finance, Accounting and Commercial Business (CFAC 2021) themed "Innovation, Technology, Market and Policy” which are Finance and Tourism have also taken place successfully on 02/07/2021. In the morning of the same day, there was also a closing session, officially closing the seminar program.

Two sessions of Finance and Tourism attended by National Teacher.Prof.Dr. Nguyen Thanh Tuyen – Chairman of the Science and Training Council, Editor-in-Chief of the Journal of Development and Integration; Assoc.Prof.Dr. Ngo Cao Cuong – Deputy Principal of UEF; Assoc.Prof.Dr. Tran Van Tung - Dean of Faculty of Commerce - Finance HUTECH; Assoc.Prof.Dr. Nguyen Quyet Thang - Vice Chairman of the Vietnam Tourism Association; Dr. Truong Quang Dung – Head of the UEF’s Institute for Postgraduate Education and Science & Technology; Dr. Tran Van Thong - Dean of Faculty of Tourism - Hotel Management; MA. Nguyen Tien Hung - Dean of Faculty of Finance and Commerce; MA. Nguyen Pham Hai Ha – Deputy Head of the UEF’s Institute for Postgraduate Education and Science & Technology; MA. Tang My Sang - Vice Dean of Faculty of Finance and Commerce.


 


Lecturers and guests participated in the 2 sessions on Finance and Tourism
 
In the closing session of the workshop, on the side of the Ministry of Science and Technology, there were: Mr. Nguyen Manh Cuong - Deputy Director of the Department of Southern Affairs; Mr. Huynh Van Tung - Head of Planning - Finance Department, Department of Southern Affairs; Mr. Tran Hai Dang - Deputy Head of Science and Technology Cooperation and Potential Development Department, Mr. Quan Quoc Dang - In charge of Innovation in Southern Region.
 
On the side of the Department of Science and Technology, there were: Mr. Ngo Anh Tin - Director of Can Tho City’s Department of Science and Technology. On the side of guests and sponsors, there were: Assoc.Prof.Dr. Tran Mai Uoc - Chief of Office of HCMC Banking University; Dr. Doan Thi Quynh Anh - Dean of Accounting Faculty, University of Labor and Social Affairs; Ms. Vo Thi Bao Tran - Director of Matilak Company; Ms. Le Thi Hau - Member Development Manager for Southeast Asia ACCA Vietnam; MA. Nguyen Thanh Sang - Viet Standard Auditing and Consulting Company Limited (Vietvalues); MSc. Nguyen Phuc Khoa - Chairman of the Board of Directors of Vissan Joint Stock Company (VISSAN).

Diverse issues have been discussed in the Finance session 
 
In the seminar on Finance, 3 topics were presented, including: (1) Supervision and prevention of stock market manipulation in the digital economy; (2) Legalization of banking lending: An inevitable step in Vietnam; (3) Impact of digital transformation on the insurance market.
 
Presentation 1 done by Dr. Nguyen Thanh Huyen from the State Securities Commission have analyzed in detail the issue of stock market manipulation, covering the following contents: Overview of stock market manipulation, stock market manipulation process, effects of stock market manipulation, methods and sanctions.


Common price manipulations in the stock market
 
Accordingly, the methods developed by Dr. Nguyen Thanh Huyen include: Methods of tracking securities transactions (monitoring and analyzing activities related to transactions and income, verifying information from the public) and methods of checking for compliance, inspecting (used mainly when certain problems occur).



In paper 2, MA. Tang My Sang has specifically shared and brought in many perspectives on the form of P2P lending (P2P is a model of direct connection between people having cash and those who need to borrow cash through an online application on mobile phones or computers).


P2P lending activities in Vietnam and recommendations in paper 2
 
The contents presented by MA. Tang My Sang include: Overview of P2P lending, advantages and disadvantages of P2P lending, the situation of P2P lending in the world, P2P lending activities in Vietnam, suggestions for setting up P2P lending market in Vietnam.

MA. Nguyen Tien Hung is the reporter for the discussion 3. With the impact of digital transformation on the insurance market, MA. Nguyen Tien Hung has clarified the concept of Fintech and Insurtech and such issues as: Identification of insurtech and insurance application; Transforming insurance distribution channels; Insurance distribution channel fragmentation; Recommendations for Vietnam's insurance market; Recommendations for government management.


Recommendations pointed out in paper 3
 
After each presentation, the panel of participants gave scientific arguments to help improve the presentation.
 
 
Practical issues in Tourism were discussed
 
 
In the seminar on Tourism, there were 4 presentations, including: (1) Continuing to focus more on developing domestic tourism; (2) To develop Tay Ninh's tourism industry in the direction of building a tourism industry cluster by 2025; (3) Factors affecting human resource development in 4-star hotels in HCMC; (4) Factors affecting knowledge transfer cooperation in the period of Covid-19 researched at HCMC University of Technology (HUTECH).


Paper 1 presented by MA. Le Thi Giang representing the team including: Dr. Nguyen Van Luu and MA. Le Thi Giang. Regarding domestic tourism, the contents include: the concept and role of domestic tourism, the current situation of domestic tourism in Vietnam before and during the Covid-19 epidemic period, proposing solutions to keep developing domestic tourism.

In Paper 2, Dr. Vu Truc Phuc - Hong Bang International University has shared about the problems of tourism in Tay Ninh. Accordingly, he introduced Tay Ninh specialties and landscapes, and tourism resources in Tay Ninh. At the same time, Dr. Vu Truc Phuc has presented groups of conditions of Tay Ninh tourism cluster, including: Group of input factors; Group of conditions on demand: domestic visitors come for beliefs, festivals, international visitors are the opposite; and Group of supportive and related industries.
 
Mr. Bui Trong Tien Bao and MA. Do Thi Ninh is the group that conducts Paper 3 with the presentation of MA. Do Thi Ninh. At the beginning of the presentation, she has analyzed the analytical charts of the tourism market in Ho Chi Minh City, thereby giving her forecast for the human resources of Ho Chi Minh City and proposing appropriate solutions.







At the Tourism session, many urgent tourism issues were discussed
 
In the Paper 4, the implementation team includes: Nguyen Quyet Thang, Pham Thanh Tuan, Le Van Hoai, Phan Minh Tan. The content of the presentation shows the following parts: Giving diagrams, analyzing problems; Factors affecting the transfer process during the pandemic period; Provide a research model.
 
At the end of the 4 presentations, the council has also conducted scientific arguments, comments and suggestions to make the topics more complete.


 
At the master session of the workshop, the representatives of the parties have shared about the content and value that the CFAC 2021 national scientific conference brings. At the same time, chairman the discussion sessions have reported on the workshop results.



After 2 days of taking place, the national scientific conference on Finance, Accounting and Commercial Business (CFAC 2021) themed "Technology Innovation, Market and Policy" has ended successfully. With meaningful and practical topics, the seminar has brought new perspectives in the fields of finance, accounting, business, commerce and tourism. Thereby proposing appropriate solutions for the problems to be solved and improved in the current context.

Author: Nguyen Le - Kim Quy
Photographer:  Nguyen Vo


 
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