Issue of 5 Vietnam public sector accounting standards in the first stage

Issue of 5 Vietnam public sector accounting standards in the first stage
Bảo Ngọc

On September 1, 2021, the Ministry of Finance of Vietnam promulgated Decision 1676/QD-BTC on issue of 5 Vietnam public sector accounting standards in the first stage.

 Specially, Approve 5 Vietnam Public Sector Accounting Standards (VPSASs) in the first stage as prescribed in Appendixes below:

1. VPSAS 1: Presentation of Financial Statements (Appendix 01);

2. VPSAS 2: Cash Flow Statement (Appendix 02);

3. VPSAS 12: Inventories (Appendix 03);

4. VPSAS 17: Property, Plant and Equipment (Appendix 04);

5. VPSAS 31: Intangible Assets (Appendix 05).

According to this Decision, designating the Director of Accounting and Auditing Supervisory Department to base on the issued public sector accounting standards, request the competent authorities to make amendments to accounting standards applied to accounting entities in public sector and relevant legal documents, in accordance with applicable regulations on public finance mechanism and state budget, seek guidelines for accounting system applied to entities in each line of business from the Minister of Finance according to predetermined roadmap.

See details at Decision 1676/QD-BTC of Vietnam effective from September 1, 2021.


20 lượt xem
Notable documents of Vietnam in the previous week (from February 20 to February 26, 2023)

Requirements for participating in the input quality accreditation of officials; Criteria for assessment of the result of professional training in firefighting ...

Vietnam to study solutions to e-invoices generated from cash registers regarding food services

​On February 23, 2023, the Prime Minister of Vietnam promulgated

On February 15, 2023, the Government of Vietnam promulgated Decree No.

  • Address: 19 Nguyen Gia Thieu, Vo Thi Sau Ward, District 3, Ho Chi Minh City
    Phone: (028) 7302 2286
Parent company: THU VIEN PHAP LUAT Ltd.
Editorial Director: Mr. Bui Tuong Vu - Tel. 028 3935 2079
P.702A , Centre Point, 106 Nguyen Van Troi, Ward 8, Phu Nhuan District, HCM City;