Vietnam Laws & Regulations on Accounting
DCPA would like to provide you with a comprehesnive overview of prevailing laws and regulations on accounting and financial reporting in Vietnam
Prevailing laws and regulations on iaccounting and financial reporting in Vietnam include:
- Law on Accounting No. 88/2015/QH13 dated November 20, 2015.
- Decree No. 174/2016/NĐ-CP dated December 30, 2016, elaboration of some article of the Law on Accounting.
- Circular No. 05/2019/TT-BTC dated January 25, 2019 accounting instructions for microfinance institutions.
- Circular No.39/2020/TT-BTC dated May 15,2020, amendments to reporting regulations in the independent accounting and audit sector in some decrees.
- Circular No. 40/2020/TT-BTC dated May 15, 2020 providing guidance on reporting regulations in the independent accounting and audit sector in Government’s Decree No. 174/2016/NĐ-CP elaborating on several articles of the Accounting Law and Government’s Decree No. 17/2012/NĐ-CP providing details and instructions about implementation of several.
Should you need a full English version of any of the above laws and regulations or need an interpretation any part thereof, please do not hesitate to contact us.
Various industries in Vietnam have been taking sustainability initiatives and measures with a view to realializing COP26 goals and in line with the global trends and requirements.
Vietnam is rapidly emerging as a new global manufacturing hub as per “China plus one” or switch-from-China strategy adopted by many leading multinationals notably electronics giants.
Digitalization is greatly reshaping the Vietnamese economy and its key industry sectors, typically banking, retail, logistics and manufacturing which affect hundreds of businesses and millions of people.
A multi-billion dollar market of Vietnam, yet still growing fast, mostly driven by the beer and the retail cofee and snacks shop sub-sectors, which tend to thrive despite economic slowdown. .
Endowed with diverse and beautiful landscape, now with storng deternination by the Government and industry players, Vietnam tourism is poised for strong bounceback and impressive growth.
Driven by fast aging population, rising disposible income, and increasing awareness of health protection (prevention rather than treatment) and beauty care, health supplements sector has ample growth potential.
ICT is among fastest-growing sectors in Vietnam, spurred by diigital transformation at both government and business levels. Demand for IT infrastructure and services has soared.
Maintaining strong growth momentum, with added dynamics from e-commerce. Foreign players outperform in both physical and electronic formats.
Agribusiness is the new key driver of Vietnam’s economic growth, with rice, vegetables and fruits in the spotlight Value-add has been greatly enhanced and export prices improved substantially.
Vietanam has solidly maintained a top 5 rice producer and second largest rice exporter while recently emerging as the highest-valued rice marker, outperforming Thailand. ST24 and ST25 have emerged as top brands.
DCPA would like to provide you with a comprehesnive overview of prevailing laws and regulations on indepednent audit and other assurance in Vietnam. Should you need specific advice, do contact us.
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