![「DDC] Outsourcing Vietnamese Accounting Services・ Tax Consulting・ Legal Consulting For FDis・Setting up FDIs in Vietnam・ Auditing・ Human Resources・ Market/Goods Investigation](http://japanvietnam.com.vn/wp-content/uploads/2021/06/cropped-Capture1-1.jpg)
From 2019 to the end of 2021, the Ministry of Finance prepares necessary conditions for the implementation of the scheme, such as: Issuing a Circular guiding the application of IFRS and publishing the translation of IFRS from English to Vietnamese; developing and issuing professional guidance documents for IFRS implementation; supplement, amending and issuing new financial mechanism related to the application of IFRS…
After that, the implementation process will consist of 2 phases. Phase 1 (Voluntary phase) 2022-2025, Vietnamese Governance persuades the parent companies of a large-scale state economic group or having loans sponsored by international financial institutions, the listed parent companies, unlisted large-scale public parent companies and other parent companies voluntarily applying IFRS to prepare consolidated financial statements. Here, the enterprises with 100% foreign direct investment capital voluntarily apply IFRS to prepare separate financial statements.
Phase 2 (Required period) from after 2025, the consolidated financial statements officially will apply to the state economic parent companies, the listed parent companies, and the unlisted large scale parent companies.
According to https://tapchitaichinh.vn/
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