Memorandum Of Understanding between the Vietnam Association Of Certified Public Accountants (VACPAand the Institute Of Certified Management Accountants Australia (ICMA)

  1. Purpose of the MOU

The purpose of the MOU is to strengthen cooperation between the two sides in professional development and professional community in Vietnam.

  1. Duration of the MOU

Memorandum duration is 5 years from the date of signing.

  1. Contents of the MOU

The two sides will cooperate in sharing information and professional experience in Vietnam (the country), paying special attention to cooperation in the field of membership management, professional development and professional ethics, updating their knowledge, quality control, training and career development;

The two sides will cooperate, participate, organize conferences, seminars and joint activities to bring benefits to both sides, focusing on the emerging fields of interest in the accounting profession in Vietnam, including that the ICMA will provide speakers for conferences and annual VACPA’s continuous updated training for its members;

The two sides will promote the mutual cooperation in their respective activities, events and publications;

The ICMA Regional Office in Vietnam will provide scholarships for VACPA members to attend the CMA program in Vietnam;

VACPA members will be admitted as Associate ICMA members on the basis of being a member of VACPA. Associate members may become certified members (Full CMA Member) of ICMA after completing CMA program. Such CMA members must maintain their membership of VACPA.

The two sides will engage in other activities of the mutual cooperation;

The two sides agree that the MOU is not exclusive; and that each party can cooperate with other partners in the region and internationally, in accordance with the capacity of each party.

The two sides agree to set up a Liaison Committee to implement the agreement as per this MOU. Program specific actions will have a two-year agreement through the Liaison Committee and will be recognized in a specific action plan.

The two sides agree to the contents of the Memorandum of Understanding and on the implementation and the commitment towards cooperation and sustainable development goals for professional career development.


Fees (for VACPA Members):


Amount Units/ Subjects TOTAL  
Application Fee $99 1 $99
Joining Fee $198 1 $198
CMA Exam Fees $55 2 $110
CMA Preparation Course – by Recognised Provider Pricing Differs by Provider
CMA Preparation Course – by Online 2-Subjects $800 2 $1,600
Annual Membership Fees See website for current fees





Mr. Long Phan MBusAcc, CPA, CMA
Regional Director- Vietnam
Level 3, GP Invest Building, 170 La Thanh Street
Dong Da District, Hanoi, Vietnam

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