Legal Counselling

Vietnam: Contents of a report on state finance

09:16, 07/01/2018

According to Vietnam’s regulations, a report on state finance is a general financial report which reflects all information on property; payables; and funds of the State nationwide or within a province at the closing time of the reporting period.

According to the Decree No. 25/2017/NĐ-CP of Vietnam’s Government, a report on state finance includes the following contents:

1. State property:

State property includes all property assigned by the State to the units for possession, management and use in accordance with regulations: cash and cash equivalents; receivables; inventory goods; financial investment; granted loans; tangible fixed assets; unfinished capital construction; intangible fixed assets; and other property.

2. Payables of the State:

Payables of the State include debts of the Government, debts of local administrations and other amounts payable by the units.

3. Funds of the State:

Funds of the State include funds for forming property; accumulative surplus (or deficit) of financial operations and other funds.

View more details of the forms of reports on national and provincial state finance situations in Appendix I attached to Decree No. 25/2017/NĐ-CP of Vietnam’s Government, which is effective from January 01, 2018.

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