INTHEBLACK June 2025 - Magazine - Page 17
CPA Australia: A digital mindset
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of sustainability and a green economy for
Vietnam and its neighbouring countries.
She believes that institutions can gain
an edge if they align themselves with
the needs of international lenders and global
environmental, social and governance
(ESG) reporting requirements.
Nguyen says change will require banks
to incorporate more green loans into
their lending portfolios, while private
sector investment will be critical to help
decarbonise Vietnam’s economy.
As one of Asia’s most carbon-intensive
economies, relying heavily on industries
such as mining and agriculture, Vietnam
is under pressure to rapidly transition out
of high-carbon activities, including
switching to a low-carbon energy system.
Nguyen says that while sustainability
and ESG are big talking points, “execution
will be most important”. This will entail
building carbon-neutral supply chains,
offering global manufacturers green energy
and having appropriate regulatory
measures in place.
“Sustainability is not just a need
anymore — it’s a must for all organisations.
However, we need to be prepared. The
transition may be more expensive for
businesses in the short term, but it will give
them a more sustainable long-term future.”
AUDITING REMAINS CRUCIAL
Over the past five years, Nguyen has
shifted her focus from auditing to consulting.
She acknowledges that Vietnam’s auditing
sector has faced significant challenges
in recent years, such as growing public
expectations about what auditors should
do versus what they can do.
However, in an evolving business world,
Nguyen is adamant that auditors will
continue to play a crucial role in providing
appropriate business checks and balances.
She adds that the Big Four firms’ auditing
teams in Vietnam have contributed
significantly to the stability of markets
and the economy in the past few decades
and continue to be highly professional
and effective.
“Auditors can still exert a positive
influence on business, and we can still
exercise our professional scepticism and
maintain our professionalism.” ■
READ
an article about
fintech regulation
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with CPA Australia’s
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about ethics
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intheblack.cpaaustralia.com.au 17
