RMIT students win national HSBC Business Case Competition 2022

RMIT students win national HSBC Business Case Competition 2022

This marks the sixth time in a row RMIT students have won the top prize in this nationwide competition and earned the honour of representing Vietnam in the Asia Pacific championship.

The winners, Team Dynamix, are four undergraduate students from four different disciplines at RMIT’s School of Business & Management – Do Huu Thanh, Nguyen Minh Ngoc, Nguyen Tran Thao Uyen and Nguyen Dao Cat Tuong. 

Team Dynamix is (pictured from left to right) Do Huu Thanh, Nguyen Dao Cat Tuong, Nguyen Minh Ngoc and Nguyen Tran Thao Uyen. Team Dynamix is (pictured from left to right) Do Huu Thanh, Nguyen Dao Cat Tuong, Nguyen Minh Ngoc and Nguyen Tran Thao Uyen.

Held by HSBC Vietnam and Vietseeds Foundation, this year’s national competition attracted 16 participating teams from universities across major cities in Vietnam.

In the final round, the top four teams representing RMIT University, the National Economics University, Foreign Trade University (Ho Chi Minh City campus), and the Academy of Finance were assigned a business case by the Asia Case Research Centre (ACRC), University of Hong Kong.

They had six hours of research and teamwork to come up with a solution as well as a strategic implementation plan, before presenting their ideas and answering live questions from the judges.

Team Dynamix from RMIT wowed both the audience and judges with their ideas for transitioning a capital-intensive oil and gas business to encounter climate change risk while sustainably growing their business.

Their proposal included establishing a joint venture with a utility company to ensure financial resilience in the mid-term, and preparing a direct carbon capture system for long-term growth, among other climate-resilient strategies. 

The top four teams entering the national finale were from RMIT University, the National Economics University, Foreign Trade University (Ho Chi Minh City campus), and the Academy of Finance.. The top four teams entering the national finale were from RMIT University, the National Economics University, Foreign Trade University (Ho Chi Minh City campus), and the Academy of Finance..

The journey to the championship took the RMIT students four months of intense preparation and several rounds of competition, both within RMIT and with other universities.

Three of the four members had to juggle internships, which meant a lot of rapid adjustment of schedules and hectic hours.

Bachelor of Business (Management) student and Team Dynamix leader Do Huu Thanh said: “As the team name suggests - we are a mix of four dynamic personalities.”

“My three amazing and talented teammates always had different ideas and approaches to solving business case studies. Therefore, as a team leader, I was always trying to update new knowledge for myself, while motivating and empowering my team members throughout the journey.”

First-year Bachelor of Digital Marketing student Nguyen Dao Cat Tuong is the youngest member of Team Dynamix. She won the individual prize for Best Presenter in the final round of the national competition.

“As a first-year student, being able to not just participate but also win the national competition with other experienced teammates is something that I would never have dreamt of. I’m grateful for this great opportunity and proud of the 50+ cases that our team have solved together,” Tuong said.

RMIT lecturer Dr Majo George, one of the a long-time mentors for student business competitions at RMIT, said: “Our students have been maintaining a winning streak in the HSBC Business Case Competition since 2015. This is mainly thanks to the hard work, determination, and enthusiasm of our students. They should be really proud of their achievements.”

HSBC Vietnam CEO Tim Evans also congratulated the RMIT team on their win, adding that “Vietnam has all the ingredients to go far and none is more important than its talented and creative young generation."

"Passion, drive, ambition, commitment and energy will take you a long way in life. These attributes were shown in abundance as I listened to teams from four different Vietnamese universities present in the champion round,” he said.

Story: Ngoc Hoang

13 May 2022

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