Annual Audit and Compliance in Vietnam 2016

The first quarter is always a busy time for foreign investors in Vietnam. Compounding

license renewals and the issues of new legislation, preparation of annual reports present a

significant compliance task for enterprises of all sizes.

Although subject to varying requirements, all foreign entities in Vietnam are required to

comply with statutory audit procedures outlined in law and clarified by numerous decisions

and circulars. Complex and often subject to changing regulations and guidance, working

to ensure compliance with up to date procedures and accounting standards can cause

uncertainly for even the most experienced investors.

In this issue of Vietnam Briefing, we address pressing changes to audit procedures in 2015,

and provide guidance on how to ensure that compliance tasks are completed in an efficient

and effective manner. We highlight the continued convergence of VAS with IFRS, discuss

the emergence of e-filing, and provide step-by-step instructions on audit and compliance

procedures for Foreign Owned Enterprises (FOEs) as well as Representative Offices (ROs).

Dezan Shira & Associates has a growing team of accounting and legal professionals in

Vietnam with years of experience helping foreign enterprises ensure compliance. For

questions or information on Annual Statutory Audit Assistance, Bookkeeping, Financial

Reporting, or other compliance issues, please contact our offices in Hanoi and Ho Chi

Minh City.

Introduction

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Reference

Vietnam Briefing and related titles are

produced by Asia Briefing Ltd., a wholly

owned subsidiary of Dezan Shira Group.

Content is provided by Dezan Shira &

Associates. No liability may be accepted

for any of the contents of this publication.

Readers are strongly advised to seek

professional advice when actively looking

to implement suggestions made within

this publication.

This Month’s Cover Art

Nguyen Thanh Binh

Oil on canvas, 80 x 95 cm

Green Palm Gallery

info@greenpalmgallery.com

+84 97 762 7722