THE ROLE OF FORMATIVE ASSESSMENT IN BUSINESS EDUCATION IN VIETNAM
This study investigates the role and the effectiveness of using formative assessment in teaching practices of business schools in Vietnam. Formative assessment shows us how useful and impactful is engaging students in active acquiring knowledge, solving teamwork business case studies, dealing with simulated business decisions instead of taking final exams. Students majoring in business of Vietnamese universities must rely on multiple feedback information from formative assessment to evaluate their knowledge and improve their practical skills. Working in groups is also essential channels to self-assess and peer-assess to take advantage of own strengths and to overcome own weaknesses. The study employed questionnaire, in-depth interviews and observations as the research methods. The results of this study showed that students majoring in business from developing countries like Vietnam, compared to their counterparts in developed countries, need to be involved more in formative assessment practices which help them shift away from conventional knowledge acquisition to focus on creative and active enhancing real-life business skills and capacities.