Standards for professional titles of accountants in Vietnam from October 21, 2024

Standards for professional titles of accountants in Vietnam from October 21, 2024 (Image from the internet)

1. Standards for Intermediate Accountants in Vietnam (Grade IV)

- Standards for Professional Competence:

+ Understand industry-specific accounting policies and regulations; specific rules on accounting forms and methods applied within the unit, the industry;

+ Clearly understand and comply with the Accounting Law, accounting standards, other legal provisions related to accounting, accounting principles, financial policies, statistics, and relevant economic information; capable of concretizing and effectively implementing the Communist Party's directives and the State's legal policies in the assigned field of work;

+ Grasp basic principles regarding operational procedures, the circulation process of documents within the unit;

+ Ability to acquire and adapt necessary skills such as computer usage, accounting software, electronic documents, and implementation of tasks as directed by superiors;

+ Proficient in using office equipment and other devices necessary for task requirements.

- Standards for Professional Ethics

Possesses professional ethics, honesty, integrity, and a sense of law compliance.

- Standards for Qualifications and Training

+ Holds a college degree or higher in accounting, auditing, finance;

+ Holds a certificate of professional title standards for accounting or an auditor's certificate as prescribed by the Independent Audit Law or an accountant's certificate as prescribed by the Accounting Law, or a certified accounting expert, or a foreign or foreign professional organization-recognized certificate by the Ministry of Finance of Vietnam.

- Public employees holding equivalent positions as staff (Grade V) and having held equivalent positions as staff for at least 03 years (excluding internship and probationary periods) up to the date of submitting the application for the promotion to intermediate accountant professional title (Grade IV) according to the provisions of Clause 16, Article 1 of Decree 85/2023/ND-CP.

2. Standards for Accountants in Vietnam (Grade III) in Vietnam 

- Standards for Professional Competence:

+ Clearly understand and comply with the Accounting Law, accounting standards, other legal provisions related to accounting, accounting principles, financial policies, statistics, and relevant economic information; capable of concretizing and effectively implementing the Communist Party's directives and the State's legal policies in the assigned field of work;

+ Master the specific regulations on accounting forms and methods; accounting policies applied in the industry, and the field of state accounting;

+ Know research methods, and propose implementation or amendments, and improvements to management rules, and operational processes; understand the development trends of domestic and international accounting;

+ Organize the implementation of management rules, operational processes, document circulation processes, management methods, and operational commands for accounting tasks within the unit;

+ Ability to acquire and utilize supporting tools, modern technical means to exchange and use accounting materials, accounting information, accounting software, electronic documents, and electronic transactions;

+ Basic IT skills and capability to use foreign languages or the languages of ethnic minorities for public employees working in ethnic minority areas as required by the job position.

- Standards for Professional Ethics

Possesses professional ethics, honesty, integrity, and a sense of law compliance.

- Standards for Qualifications and Training

+ Holds a university degree or higher in accounting, auditing, finance;

+ Holds a certificate of professional title standards for accounting or an auditor's certificate as prescribed by the Independent Audit Law or an accountant's certificate as prescribed by the Accounting Law, or a certified accounting expert, or a foreign or foreign professional organization-recognized certificate by the Ministry of Finance of Vietnam.

- Public employees holding the position of intermediate accountant and having cumulatively held the position of intermediate accountant or equivalent for at least 03 years (excluding internship and probationary periods), with at least 01 year (12 months) continuously holding the intermediate accountant position up to the date of submitting the application for career promotion, shall be considered for promotion to the professional title of accountant as specified in Clause 16, Article 1 of Decree 85/2023/ND-CP.

3. Standards for the Principal Accountant (Grade II) in Vietnam

- Standards for Professional Competence:

+ Thoroughly understand the Communist Party's policies, the State's laws, administrative management, administrative reform, and the industry's and unit's policies on accounting; the unit's accounting work and the legal provisions on accounting;

+ Clearly understand and comply with the Accounting Law, accounting standards, other legal provisions related to accounting, accounting principles, financial policies, statistics, and relevant economic information; capable of concretizing and effectively implementing the Communist Party's directives and the State's legal policies in the assigned field of work;

+ Participate in institutional perfection; participate in drafting legal documents guiding implementation in the field of finance and accounting; accounting policies applied in the industry, and the field of state accounting;

+ Master the accounting system in the industry and other fields; organizational procedures for accounting work; ability to manage and efficiently lead accounting tasks in public service providers; comprehend fundamental management science issues, practical production, services, business, socio-economic situations, and management activities in accounting and auditing;

+ Organize the implementation of operational procedures, document circulation processes, management methods, and commands for accounting tasks in public service providers;

+ Basic IT skills and capability to use foreign languages or the languages of ethnic minorities for public employees working in ethnic minority areas as required by the job position.

- Standards for Professional Ethics

Possesses professional ethics, honesty, integrity, and a sense of law compliance.

- Standards for Qualifications and Training

+ Holds a university degree or higher in accounting, auditing, finance;

+ Holds a certificate of professional title standards for accounting or an auditor's certificate as prescribed by the Independent Audit Law or an accountant's certificate as prescribed by the Accounting Law, or a certified accounting expert, or a foreign or foreign professional organization-recognized certificate by the Ministry of Finance of Vietnam.