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International Financial Reporting Standards

Companies urged to apply IFRS to take opportunity for international expansion

Companies urged to apply IFRS to take opportunity for international expansion

Companies should apply international financial reporting standards (IFRS) to improve transparency and increase the chances to expand globally, experts have said.
Half of local firms use IFRS

Half of local firms use IFRS

More than half of companies in Viet Nam have been adopting international financial reporting standards to meet investors’ expectations and improve their corporate governance
Ministry makes intl accounting rules compulsory after 2025

Ministry makes int’l accounting rules compulsory after 2025

The Ministry of Finance on Monday issued a decision regulating the roadmap for the application of International Financial Reporting Standards, replacing the current Vietnamese accounting standards.
Intl accounting rules pave way for investment

Int’l accounting rules pave way for investment

IFRS standards require complex techniques and accurate assessments such as making estimates of fair value, real interest and losses.
Banks urged to prepare for new financial reporting rules

Banks urged to prepare for new financial reporting rules

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.
Intl accounting rules compulsory after 2025: draft

Int’l accounting rules compulsory after 2025: draft

The adoption of International Financial Reporting Standards (IFRS) will be compulsory for State-owned enterprises, listed companies and big unlisted public companies after 2025.
Intl accounting rules can help Vietnam attract investment

Int’l accounting rules can help Vietnam attract investment

The adoption of International Financial Reporting Standards (IFRS) would help Viet Nam a more transparent business environment to attract foreign direct investment.
Viet Nam to adopt IFRS by 2025

Viet Nam to adopt IFRS by 2025

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.
Listed firms must adopt IFRS in 2020

Listed firms must adopt IFRS in 2020

Firms listed on Viet Nam''s two stock exchanges in HCM City and Ha Noi will be the first to be required to adopt international financial reporting standards in 2020, a finance ministry official has said.