Vietnam: Accounting documents that have to be retained

17:00, 11/01/2017

On December 30, 2016, the Government of Vietnam issued the Decree No. 174/2016/NĐ-CP of Vietnam’s Government on elaboration of some Article of the Law on Accounting of Vietnam.

According to Decree No. 174/2016/NĐ-CP of Vietnam’s Government, the following accounting documents have to be retained:

- Accounting records.

- Detailed accounting books and overall accounting books.

- Financial statements; budget statements; consolidated budget statements.

- Other documents related to accounting works, including: contracts; administrative accounting reports; financial statements of completed projects and projects of national importance; reports on stocktaking and asset valuation; documents related to inspection and audit; records on destruction of accounting documents; decisions on addition of capital from profit, contributions to funds from profits; documents related to dissolution, bankruptcy, division, consolidation, merger, shutdown, conversion of the enterprise; documents related to receipt and use of funding or capital; documents related to taxes, fees, charges and other liabilities to the State; other documents.

View full text at Decree No. 174/2016/NĐ-CP of Vietnam’s Government, effective from January 01, 2017.

- Thanh Lam -

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