On October 1, 2020, the Ministry of Finance promulgated Circular 84/2020/TT-BTC amending and supplementing regulations on periodic reporting policies within the decision-making authority of the Minister of Finance of Vietnam in the field of finance and banking.
Circular 84/2020/TT-BTC supplements Clause 7, Article 10 of Circular 01/2017/TT-BTC regarding the time for closing financial data and the method of submitting financial statements for the Vietnam Asset Management Company of credit institutions as follows:
- The time for closing financial plan data specified in Clause 1, Article 10: From January 1 to December 31 of the planned year.
- The time for closing quarterly and annual financial report data specified in Clause 4, Article 10:
- For quarterly financial statements: From the first day of the reporting quarter to the last day of the reporting quarter (for cumulative data, it is from the first day of the reporting year).
- For annual financial statements: From January 1 to December 31 of the reporting year.
- The methods of submitting statements include:
- Direct submission in paper form;
- Submission via postal services in paper form;
- Submission via email or specialized report information software system;
- Other methods as prescribed by law.
Details can be found at Circular 84/2020/TT-BTC, effective November 15, 2020.
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