IFRS implementation will be compulsory for the consolidated financial statements of all State-owned enterprises, listed companies and large-scale unlisted public companies after 2025.
Nearly 80 Vietnamese financial and accounting experts received International Financial Reporting Standards (IFRS) certificates from the Institute of Chartered Accountants in England and Wales (ICAEW) in Ha Noi on Monday.
Viet Nam is expected to adopt International Financial Reporting Standards (IFRS) instead of the current Vietnamese accounting standards (VAS) by 2025 in its efforts to enhance comparability and improve transparency.
The implementation of International Financial Reporting Standards (IFRS)
will make Vietnamese enterprises become more financially transparent
and better at financial risk management so as to efficiently manage
their corporate''s assets.