Vietnam: How to conduct the disclosure of state financial reports?

1. Contents to be disclosed:

- Provincial-level People’s Committees shall disclose information of provincial state financial reports, including the state property situation; debts of local administrations and other payables of the State; funds of the State; revenues, expenditures and financial operation results of the State; the state cash flow within their provinces; except for detailed statistics in the fields of national defense, security and national reserves;

- The Ministry of Finance shall disclose information of national state financial reports, including the state property; public debts and other payables of the State; funds of the State; revenues, expenditures and financial operation results of the State; the state cash flow nationwide; except for detailed statistics in the fields of national defense, security and national reserves.

2. Forms of disclosure:

State financial reports shall be disclosed in one or some of the following forms: publication distribution, posting up and publishing on e-portals and other forms as prescribed by law.

3. Disclosure deadlines:

- Provincial-level People’s Committees shall disclose provincial state financial reports within 30 days after these reports are presented before provincial-level People’s Councils;

- The Ministry of Finance shall disclose national state financial reports within 30 days after these reports are presented before the National Assembly.

View more details at the Decree No. 25/2017/NĐ-CP of Vietnam’s Government, effective from January 01, 2018.

- Ngoc Duyen -

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