Vietnam: What are the responsibilities and duties of accountants?

1. What are the responsibilities of accountants in Vietnam?

Based on Clause 1 Article 7 Circular 29/2022/TT-BTC, the responsibilities of accountants in Vietnam are as follows:

Accountants are officials with basic professional accounting qualifications working at agencies and organizations, performing tasks of one or multiple accounting operations or organizing the implementation of accounting at the unit.

2. What are the duties of accountants in Vietnam?

According to Clause 2 Article 7 Circular 29/2022/TT-BTC, the duties of accountants in Vietnam are specified as follows:

a) Recording, calculating, summarizing, and analyzing accounting data to serve the operations, the tasks in charge, for management, direction, and operation at the unit;

b) Organizing the implementation of accounting tasks, preparing financial statements, state budget settlement reports, and other daily reports, preserving, storing accounting documents, providing information for assigned or in-charge operations and tasks;

c) Implementing self-audit of financial accounting as prescribed;

d) Organizing the analysis and evaluation of asset management, the use of funds in the operations and tasks in charge, proposing measures for economical and efficient use of resources or funds;

đ) Participating in the research and development of legal documents on accounting; legal documents providing guidance on accounting professional policies.

3. What are the eligibility requirements for officials applying for the examination for rank promotion to accountant in Vietnam?

Clause 5 Article 7 Circular 29/2022/TT-BTC stipulates the eligibility requirements for officials applying for the examination for rank promotion to accountant in Vietnam as follows:

For officials applying for the examination for rank promotion to accountant, apart from the standards specified in Clauses 3 and 4 of this Article, they must currently hold the intermediate accountant grade and have held the intermediate accountant grade or equivalent for at least 3 years (not including probationary and internship periods), with a minimum of 1 continuous year (12 months) holding the intermediate accountant grade as for the deadline for submitting the application for the examination for rank promotion.

Sincerely!