Vietnam Ifrs

IFRS APPLICATION AROUND THE WORLD
JURISDICTIONAL PROFILE: Vietnam
Disclaimer: The information in this Profile is for general guidance only and may change from time to time. You should not act
on the information in this Profile, and you should obtain specific professional advice to help you in making any decisions or in
taking any action. If you believe that the information has changed or is incorrect, please contact us at ifrsapplication@ifrs.org.
This Profile has been prepared by the IFRS Foundation based on information from various sources. The starting point was the
answers provided by standard-setting and other relevant bodies in response to surveys that the Foundation conducted on the
application of IFRS around the world. The Foundation drafted the profile and invited the respondents to the survey and others
(including regulators and international audit firms) to review the drafts, and their comments are reflected.
Profile last updated

22 September 2014

PARTICIPANT IN THE IFRS FOUNDATION SURVEY ON APPLICATION OF IFRS
Organisation

Ministry of Finance (Bộ Tài Chính)

Role of the organisation

Pursuant to Government Decree No 215/2013/NĐ-CP, the Ministry of Finance is
responsible for setting accounting standards for business entities in Vietnam.
The Accounting Law enacted in 2003 establishes the legal framework for
Vietnamese Accounting Standards for public and private sectors.
English translation of Accounting Law on Vietnam government website:
http://chinhphu.vn/portal/page/portal/English/legaldocuments/Policies?catego
ryId=886&articleId=10001391

Website

http://www.mof.gov.vn/portal/page/portal/mof_en/Introduction

Email contact

support@mof.gov.vn

COMMITMENT TO GLOBAL FINANCIAL REPORTING STANDARDS
Has the jurisdiction made a public
commitment in support of moving towards
a single set of high quality global
accounting standards?

No.

Has the jurisdiction made a public
commitment towards IFRS as that single set...