Training philosophy

Education is oriented towards liberality, linked to practice, nurturing honesty, responsibility and creative capacity.

Training objectives

General objective:

The overall objective of the program is to train highly qualified human resources with political qualities and professional ethics; good health and professional knowledge in the field of banking and international finance; ability to use English fluently at work; ability to work and solve problems in the field of banking and international finance independently and creatively; social responsibility, sense of community and ability to participate well in the global labor market in the field of banking and international finance.

Detailed objectives:

The high-quality bachelor program Banking and International Finance aims at the following detailed objectives:

PO1: After graduation, learners can become experts and financial managers in the field of banking and international finance.

PO2: Learners comprehend scientific methodologies, logical thinking to be able to self-study for life. Learners have basic knowledge of economics and business related to Banking and Finance. Learners have the ability to apply in-depth knowledge of banking and international finance to solve real-world problems.

PO3: Learners have strong political ideologies and obey the law. Learners have general skills in handling work and the ability to proficiently use information technology and English at work.

PO4: Learners have an in-depth understanding of knowledge related to the Chartered Financial Analyst (CFA) certificate and can achieve the equivalent of CFA level 1 upon graduation. Learners are updated with new trends in the field of banking and finance. 

• Knowledge

PLO1: Apply the foundational knowledge of political science, social science, methodologies, scientific worldviews, information technology and other general education knowledge to study, research and work for life 

PLO2: Explain the phenomena and basic principles of economics and business related to the field of Banking and Finance

PLO3: Apply specialized knowledge in real-life aspects such as commercial banking, financial analysis, and international finance

PLO4: Analyze in-depth financial issues, qualified equivalent to CFA level 1.

• Skills

PLO5: Have skills in analyzing and solving in-depth problems in the field of Banking and Finance, especially in banking and international finance

PLO6: Have skills in using English fluently (equivalent to level 5/6 of the 6-level foreign language proficiency framework for Vietnam issued together with Circular No. 01/2014/TT-BGDDT), proficient use of English specialized in banking and finance at work, especially in the international environment 

PLO7: Have advanced office computer skills (according to Circular 03/2014/TT-BTTTT)

• Autonomy and responsibility

PLO8: Have ability to proactively plan, implement, evaluate and improve the efficiency of activities; to self-study, accumulate knowledge and experience to improve professional qualifications and lifelong learning; 

PLO9: Have ability to work in changing conditions of the global context, to lead, actively guide and supervise the work of team members when performing defined tasks; 

PLO10: Have innovative thinking and self-orientation ability, be able to make professional conclusions and defend individual opinions in front of the group; 

PLO11: Have the courage to overcome difficulties, challenges and be responsible for individuals, groups as well as a sense of community service;

MAJOR: BANKING AND FINANCE (CODE: 7340201)

SPECIALIZATION: BANKING AND INTERNATIONAL FINANCE

(Attached with Decision No.: 2671/QD-DHNT dated 16/08/2023

of the Principal of Foreign Trade University)

• GENERAL DESCRIPTION OF THE PROGRAM

• Program introduction:

The high-quality bachelor program in Banking and Finance, specialized in Banking and International Finance, is an application-oriented program, training high-quality bachelors in the field of banking and finance, meeting the needs of the labor market in the constantly changing economy of the world. The high-quality Banking and International Finance program has been recognized by the CFA Institute (USA) as a membership program since 2018. Students learn professional knowledge in English through subjects that are highly compatible with CFA, a prestigious international certificate in financial analysis. New and modern subjects are regularly updated to reflect new trends in banking and finance. In addition, teaching methods that help improve problem-solving skills such as case studies and project-based learning are given priority.

• General information about the program: 

• Training philosophy: 

Education is oriented towards liberality, linked to practice, nurturing honesty, responsibility and creative capacity.

• Training objectives

• General objective:

The overall objective of the program is to train highly qualified human resources with political qualities and professional ethics; good health and professional knowledge in the field of banking and international finance; ability to use English fluently at work; ability to work and solve problems in the field of banking and international finance independently and creatively; social responsibility, sense of community and ability to participate well in the global labor market in the field of banking and international finance.

• Detailed objectives:

The high-quality bachelor program Banking and International Finance aims at the following detailed objectives:

PO1: After graduation, learners can become experts and financial managers in the field of banking and international finance.

PO2: Learners comprehend scientific methodologies, logical thinking to be able to self-study for life. Learners have basic knowledge of economics and business related to Banking and Finance. Learners have the ability to apply in-depth knowledge of banking and international finance to solve real-world problems.

PO3: Learners have strong political ideologies and obey the law. Learners have general skills in handling work and the ability to proficiently use information technology and English at work.

PO4: Learners have an in-depth understanding of knowledge related to the Chartered Financial Analyst (CFA) certificate and can achieve the equivalent of CFA level 1 upon graduation. Learners are updated with new trends in the field of banking and finance. 

• Learning outcomes

• Knowledge

PLO1: Apply the foundational knowledge of political science, social science, methodologies, scientific worldviews, information technology and other general education knowledge to study, research and work for life 

PLO2: Explain the phenomena and basic principles of economics and business related to the field of Banking and Finance

PLO3: Apply specialized knowledge in real-life aspects such as commercial banking, financial analysis, and international finance

PLO4: Analyze in-depth financial issues, qualified equivalent to CFA level 1.

• Skills

PLO5: Have skills in analyzing and solving in-depth problems in the field of Banking and Finance, especially in banking and international finance

PLO6: Have skills in using English fluently (equivalent to level 5/6 of the 6-level foreign language proficiency framework for Vietnam issued together with Circular No. 01/2014/TT-BGDDT), proficient use of English specialized in banking and finance at work, especially in the international environment 

PLO7: Have advanced office computer skills (according to Circular 03/2014/TT-BTTTT)

• Autonomy and responsibility

PLO8: Have ability to proactively plan, implement, evaluate and improve the efficiency of activities; to self-study, accumulate knowledge and experience to improve professional qualifications and lifelong learning; 

PLO9: Have ability to work in changing conditions of the global context, to lead, actively guide and supervise the work of team members when performing defined tasks; 

PLO10: Have innovative thinking and self-orientation ability, be able to make professional conclusions and defend individual opinions in front of the group; 

PLO11: Have the courage to overcome difficulties, challenges and be responsible for individuals, groups as well as a sense of community service; 

• The matrix matching the training objectives and the learning outcomes

• External/internal matching and referencing: 

The Bachelor program in Banking and International Finance is referenced and compared with domestic and foreign training programs (Details in Appendix 1):

• Bachelor of Banking and Finance, specialized in Finance, from Banking Academy of Vietnam
• Bachelor of Banking and International Finance from Bayes Business School, City University of London, UK

5.5.1. Compared to the High-quality Bachelor program of Banking, National Economics University, Vietnam

• Training objectives

The two programs have a high similarity in training objectives: 

• Train high-quality graduates with political ideologies, ethics, comprehensive professional knowledge, basic practical skills and good health for self-study and independent work
• Have an integrated thinking about economics, master knowledge of banking and finance, financial operations, banking, and business administration

However, the high-quality Bachelor program of Banking and International Finance of Foreign Trade University has differences as follows: 

• Students have the ability to research, make policies and solve professional problems in the field of specialization in particular, and in Banking and Finance in general 
• Students have sufficient English proficiency to use when studying and working in the field of Banking and Finance

• Learning outcomes

The two programs have a high similarity in terms of learning outcomes: 

• Knowledge: have a comprehensive knowledge and expertise in the field of Banking and Finance; understand the phenomena and fundamental principles of economics and business related to the field of banking and finance; apply knowledge related to the field of banking and finance to solve professional problems; assess in-depth issues about the financial situation of organizations, enterprises and financial intermediaries using modern financial analysis methods, asset valuation, portfolio management… to help learners make investment decisions.
• Skills: have skills in analyzing and solving in-depth problems in the field of Banking and Finance, especially in the field of banking and international finance; have proficient use of English and information technology.
• Autonomy and responsibility: have a bility to detect and solve research problems in majors, ability to lead expertise according to each research topic; be creative; develop own research; impart knowledge based on research; have ability to draw expert conclusions, defend and take responsibility for research results that are relevant to expertise.

However, the high-quality Bachelor program of Banking and International Finance of Foreign Trade University has differences as follows: 

– Knowledge: have additional learning outcomes related to ability to do research in the Banking and Finance industry, in-depth analysis of financial issues, equivalent to CFA level 1.

– Skills: have more skills in applying qualitative and quantitative research methods in finance and using specialized software to process data and financial models to support research on in-depth issues in the field of Banking and Finance. 

– Autonomy and responsibility: have ability to proactively plan, implement, evaluate and improve the efficiency of activities; to self-study, accumulate knowledge and experience to improve professional qualifications and lifelong learning; to lead, actively guide and supervise the work of team members when performing defined tasks; have the courage to overcome difficulties, challenges and be responsible for individuals, groups as well as a sense of community service.

• Requirements for applicants

The two programs have a high similarity in terms of requirements for applicants, which are: 

• Candidates for admission are students who have been admitted to the full-time study of the University, with admission scores at least equal to the floor score of the program.
• Candidates need to meet the English proficiency requirements to study a high-quality, specialized training program as prescribed by the University.

However, the high-quality Bachelor program of Banking and International Finance of Foreign Trade University has differences as follows:

• Students who have been admitted to the training program can only register for admission to the high-quality program in the field of being admitted.

• Structure and content of the training program

The two programs have a high similarity in the structure and content of the program, which are: 

• Include general knowledge (basic knowledge), major knowledge, and specialized knowledge 
• Ensure to provide students with general knowledge and background knowledge in the field of  Banking and Finance with the following subjects: Philosophy, Political Economy, Scientific Socialism, Hochiminh Ideology, Principles of Law, Mathematics, Statistical Probability, Econometrics, Macroeconomics, Microeconomics, Principles of Accounting, Principle of Management, Financial Theory, Currency, Insurance 
• Have common core specialized subjects such as: Corporate Finance, International Finance, Securities Analysis and Investments, Public Finance, Risk Management, Financial Accounting, Financial Marketing

In addition, the High-quality Bachelor program of Banking and International Finance of Foreign Trade University has some differences as follows:

There is a number of specific and typical subjects of Foreign Trade University such as: Professional ethics and corporate governance, Financial Markets and Institutions, Real estate finance, Taxation and Tax System in Vietnam, International trade transactions, International trade policy, and Applied Technology in Finance and Banking

5.5.2. Compared to Bachelor of Banking and International Finance Program at Bayes Business School, City University of London, United Kingdom

City University of London is a leading university in the UK and Europe. The university offers a variety of courses, including the Bachelor of Banking and International Finance. Below is the comparison between those programs and the Bachelor of High-Quality Banking and International Finance program at Foreign Trade University:

• Traning Objectives

The two programs have similar training objectives:

• Educate students to have a comprehensive understanding of economics, with a solid grasp of knowledge in Finance and Banking, financial operations, banking and investment 
• Ensure students have a sufficient level of English proficiency to work in an international environment. 

However, the Bachelor of High-Quality Banking and International Finance program at Foreign Trade University has distinct differences:

Students possess the capability to conduct research, formulate policies, and address specialized issues in the field of Finance and Banking.

• Expected Learning Outcomes 

• The two programs have a high degree of similarity in their expected learning outcomes:
• Knowledge: Students possess comprehensive and specialized knowledge in the field of Finance and Banking; students have capability to evaluate in depth issues related to financial markets, the financial status of organizations, businesses, and financial intermediaries.
• Skills: Students develop analytical and problem-solving skills for specialized issues in Finance and Banking, especially in international banking and finance; students is proficiency in using IT tools related to banking and finance, such as data processing and mathematical modeling.
• Autonomy and Responsibility: Students exhibit proactive and confident work capabilities; students demonstrate effective teamwork skills. 
• However, the Bachelor of High-Quality Banking and International Finance program at Foreign Trade University has distinct differences 
• Knowledge: The expected learning outcomes include the ability to research issues in the field of Finance and Banking, analyze specialized financial issues, and possess competencies equivalent to CFA level 1. 
• Autonomy and Responsibility: Possess innovative thinking and self-direction, capable of drawing professional conclusions and defending personal viewpoints before a group.  Demonstrate the resilience to overcome difficulties and challenges, and take responsibility for oneself and the collective, with a strong sense of community service. 

• Program Structure and Content

The two programs have many similarities in their structure. Specifically, in the Bachelor of Banking and International Finance program at Bayes Business School, 18 out of 24 courses have equivalent courses in the High-Quality Banking and International Finance program, resulting in a 75% match rate.

Table 1: Content of the Bachelor of Banking and International Finance Program at Bayes Business School, City University of London, UK, and the High-Quality Bachelor of Banking and International Finance Program at Foreign Trade University, Vietnam

• Employment Opportunities and Further Education Prospects after Graduation

• Employment Opportunities:

• Specialists at the State Bank, Ministry of Finance, and Ministry of Planning and Investment, responsible for finance at various ministerial levels and local government agencies (People’s Committees).
• Financial experts at the World Bank (WB), International Monetary Fund (IMF), International Finance Corporation (IFC), Asian Development Bank (ADB), or financial officers at embassies and other international organizations.
• Financial specialists, treasury officers, and financial controllers at various businesses in the economy, particularly manufacturing companies.
• Financial specialists and financial controllers at international and domestic audit firms, and state audit agencies.
• Financial experts, investment and credit appraisal specialists, chief accountants, and controllers at financial institutions such as banks, credit funds, insurance companies, and non-profit organizations.
• Financial experts, brokers, investment analysts, and portfolio managers at securities firms or investment banks.

• Further Education after Graduation

• Ability for lifelong learning.
• Capability to pursue higher education such as Master’s or Doctoral degrees.
• Capacity to enroll in professional development courses at the workplace.
• Ability to continue studying and obtaining specialized professional certifications recognized by international organizations, suited to job requirements and personal needs, such as: Certified International Investment Analyst (CIIA), Chartered Financial Analyst (CFA), Certified International Banker (CIB), Certificate in International Trade and Finance (CITF), Certified Documentary Credit Specialist (CDCS), Certificate for Specialists in Demand Guarantees (CDCG), Association of Chartered Certified Accountants (ACCA)

• Admissions, Training Process, and Graduation Requirements

• Admissions

Admissions are conducted according to the current regulations of Foreign Trade University.

• Training Process and Graduation Requirements

Students are evaluated on a 10-point scale, converted to A, B, C, D, F according to the training regulations established by the university, based on Regulation No. 08/2021/TT-BGDĐT dated March 18, 2021, by the Ministry of Education and Training and Decision No. 409/QĐ-ĐHNT-QLĐT dated May 8, 2009, by Foreign Trade University.

• Teaching, learning, and  evaluation methods 

• Teaching methods

– Mainly apply active, student-centered teaching methods. 

– Several teaching methods applied during practice hours include: 

• Group discussion
• Practice in the MB Digital Hub
• Apply case studies to solve financial problems in businesses, organizations and financial institutions.
• Perform analysis of projects using project-based learning
• Conduct actual surveys and write reports.

• Learning methods

Modern, active, and creative learning methods.

• Evaluation methods

The training program applies modern assessment methods in the direction of focusing on developing analytical, practical, creative and self-study capacity; capacity for research and application of science and technology on the principle of objectivity, transparency, flexibility, sticking to the objectives of each course and of the training program. Students are assessed on a scale of 10 points, converted into A, B, C, D, F according to the training regulations developed by the university, based on Regulation No. 08/2021/TT-BGDDT dated 18/03/2021 of the Ministry of Education and Training and Decision No. 409/QD-DHHT-QLDT dated 08/5/2009 of Foreign Trade University.

•  PROGRAMME CONTENT

• Program structure:

Total number of credits: 137 credits (excluding Physical training and Military training), in which:

• Program framework: (module list based on blocks of knowledge)

• Contribution matrix of each module to achieving the program learning outcomes

Note: 1 = highly irrelevant; 2 = irrelevant; 3 = neutral; 4 = relevant; 5 = highly relevant

Bachelor of Banking and Finance – Advanced Program is a cooperative training program between the Foreign Trade University and the Northwestern University of Applied Sciences and Arts Northwestern Switzerland (FHNW) – currently a member of the Association to Advance Collegiate Schools of Business (AASCB).

Features

• The program pays special attention to professionalism and practicality, meeting the rigorous requirements of high quality human resources at domestic and foreign organizations and businesses.
• The program is imported 100% of the BSc Banking & Finance program of FHNW University.
• Students have the opportunity to participate in an international research and research environment under the 3 + 1 program (3 years at FTU, 1 year at FHNW) and will be awarded with 2 degrees from the Foreign Trade University and FHNW University . If choosing to study 4 years at Foreign Trade University, students will be granted a diploma from the Foreign Trade University and a certificate from FHNW.
• The program has the cooperation and teaching participation of FHNW partners, professors / businesses outside the school to improve practicality and career orientation. It is expected that each semester will invite 1 teacher. Professor and 03 experts.
• The program organises field trips for students in businesses, banks, securities companies …
• Students attending the program participate in 03 internships (in the first 3 years of study).

CAREER OPPORTUNITIES

• Expert of the State Bank, Ministry of Finance, Ministry of Planning and Investment, in charge of finance at ministries, branches and People’s Committees at all levels.
• Financial experts at the World Bank (WB). International Monetary Fund (IMF), International Finance Corporation (IFC), Asian Development Bank (ADB), or financial officers at embassies and other international organiSations.
• Financial, budget experts in various businesses in the economy, especially international auditing firms, domestic, Vietnam State Audit.
• Financial experts, investment and credit experts, chief accountants and controllers at financial institutions such as banks, credit funds, insurance companies and non-profit organisations.
• Financial experts, brokers, investment analysts and portfolio managers at securities companies or investment banks.

ADMISSION REQUIREMENTS

Conditions of participation:

• Students who have been admitted to the regular university of Foreign Trade University, have points for admission from the floor to receive applications for admission into Advanced and High Quality program (including priority points for subjects and regions, national / international tournament priority points).
• Scores of receiving applications for admission: The floor of receiving applications for each Advanced and High Quality program is the threshold of matriculation admission to the program that has Advanced and High Quality program.

Conditions for program registration:

• Students who have passed a major with a High Quality program training program can only apply to join the High Quality program of the selected industry.
• Successful students who do not have a High Quality program, have the total score of the combination of admission subjects (calculated by a factor of 1) and the priority points for the subjects and the region, the priority points for the national / international tournament are not lower than The level of the floor that receives the application for the High Quality program is registered to the High Quality program as expected.
• Students who are admitted to the university (all majors) have the total score of the combination of admission subjects calculated by a factor of 1 and the priority points for the subjects and regions, the priority points for the national / international prizes reach the floor level. The application of the program is registered with admission to the program according to expectations.

Admission method:

• Assess your English proficiency through the English proficiency test: Students take the English language proficiency test (organized by the University according to the admission plan for course 57) with the format of the foreign language proficiency test from Grades 3 to 5 of the Foreign Language Competency Framework 6 grade for Vietnam as prescribed by the Ministry of Education and Training and use test results to apply. The test is designed as a multiple choice test of 100 questions (40 Listening and 60 reading and writing sentences).
• Students must achieve a minimum English score of 60 on the English proficiency test score, equivalent to an international English certificate (issued by reputable organisations recognised by the Ministry of Education and Training) , specifically TOFEL iBT with a score of 60 or higher, an IELTS score of 5.0, TOEIC with a score of 500 or above, or equivalent to be considered for admission to Advanced and High Quality program. Students who have both an international English certificate and a test score will be awarded according to the highest conversion point.
• For students with an international English certificate (must be valid for 2 years from the date the certificate was granted to the date of application submission), the English score will be calculated according to the admission process. Student’s score has been achieved in certificates of equivalent scale.

Interview competency assessment in English:

• The Council of Admissions to Advanced Program conducts an interview in English about general knowledge, desires and learning goals when participating in the program.
• Establishment of an admissions council: Admissions Council for admission into a program of study program, quality assurance program at Hanoi Campus recruits students for the program registered on a high-to-low basis until the end of the criteria based on the admission score is calculated Follow the formula below. In case students register at the same time with many aspirations, those with higher order will be considered for admission.

  POINTS FOR ADVANCED PROGRAM = A x 0.5 + B x 0.2 + C x 0.3

  POINTS FOR HIGH QUALITY PROGRAM = A x 0.5 + B x 0.5

  Details:

  A = (Scores of subjects for admission and priority points for regions and subjects + Priorities for national / international prizes) / 3

  B = English proficiency test score (in system 10)

  C = Score of interview in English (according to system of 10)

  How to determine A for students who are directly recruited: straight-recruited students will be assessed as follows:

  – Students who win an international prize: A = (Scoring floor receives the application file for admission of the selected subjects in accordance with the winning subject / field + priority points) / 3. In particular, the priority points are 5 points for the first prize, 4 points for the second prize and 3 points for the third prize.

  – Students who take the exam choose an international Olympic team, a member of the national team participating in the International Science and Technology Competition: A = (Scoring floor to receive admission registration documents of the admissions subject group in accordance with subjects / fields winning prizes + 2 priority points) / 3.

  – Students who win national awards: A = (The floor receives the admission registration dossier of the selection subjects suitable to the winning subject / field + priority points) / 3. In particular, the priority point is 1.5 points for the first prize, 1 point for the second prize and 0.5 points for the third prize.

  Method of determining A of students prioritised for admission: Priority points for national prizes for subjects prioritised for admission are determined by the Foreign Trade University’s Decision.