Measures for Preserving State Capital at the Vietnam Register

17:16, 11/07/2024

On May 21, 2018, the Ministry of Finance issued Circular 49/2018/TT-BTC guiding the financial management mechanism for the Vietnam Register.

Circular 49 introduces measures to preserve state capital at the Vietnam Register as follows:

- Properly implement policies on the management and use of capital, assets, profit distribution, other financial management policies, and accounting policies according to legal regulations.- Purchase asset insurance according to legal regulations.- Promptly handle the value of damaged assets, unrecoverable debts, and make provisions for the following risks:- Provisions for inventory devaluation;- Provisions for doubtful debts;- Provisions for financial investment devaluation;- Provisions for product, goods, and construction warranty.- Other measures to preserve state capital and assets as prescribed by law.

Circular 49/2018/TT-BTC takes effect from July 06, 2018, replacing Joint Circular 55/2014/TTLT-BTC-BGTVT.

- Thanh Lam -

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