The Ministry of Finance has issued a decision regulating the roadmap for the application of International Financial Reporting Standards (IFRS), replacing the current Vietnamese accounting standards (VAS).
Vietnam’s mergers and acquisitions market recorded steady growth since early last year, buoyed by foreign investors who desire a speedy entry into the large market of over 96 million people. However, whether the market will continue flourishing in the time to come depends on how existing hurdles are tackled.
The adoption of International Financial Reporting Standards (IFRS) will be compulsory for State-owned enterprises (SOEs), listed companies and large-scale unlisted public companies after 2025, according to a draft project the Ministry of Finance recently made public for comments.
Experience in applying International Financial Reporting Standards (IFRS) from Japan, the Republic of Korea (RoK), the US, Malaysia and China was shared at a workshop in Hanoi on May 28.
The Institute of Chartered Accountants in England and Wales (ICAEW) has promised that it would continue to work closely with the Vietnamese government and universities to achieve its objective of helping to drive the growth of finance and accounting professionals in Vietnam.
The World Bank, in partnership with the Ministry of Finance (MoF), launched the Reports on the Observance of Standards and Codes (ROSC) in accounting and auditing in a ceremony in Hanoi on December 14.
Vietnam 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.
VOV.VN -AIA Group Limited, the largest independent publicly listed pan-Asian life insurer, just announced its unaudited consolidated results for the six months ended May 31, 2016.
Global economic integration highlights the need for Vietnam to work towards the full adoption of International Financial Reporting Standards (IFRS).
Firms listed on Vietnam's two stock exchanges in HCM City and Hanoi will be the first to be required to adopt international financial reporting standards in 2020, a finance ministry official has said.
Vietnam will soon apply international financial reporting standards (IFRS), which will require businesses to be well prepared to adapt to, experts said in a workshop held in Ho Chi Minh City on June 16.
Vietnam will officially adopt International Financial Reporting Standards (IFRS) from 2016 in its efforts to enhance comparability and improve transparency.