Accounting and Bookkeeping in Vietnam - Preview

2 / 4

Managing accounting and bookkeeping in Vietnam can prove to be a time consuming
and constantly changing area of compliance, even for those well-versed in investment
within the country. Shifting regulations, changing interpretations of existing legislation,
and convergence with international norms all coalesce to form a compliance environment
with significant costs.
Although adapting to Vietnam’s accounting framework can be a significant challenge, those
with up-to-date information on the country’s accounting policies and a keen attention
to detail will find that the benefits that Vietnam can impart far outweigh its challenges.
To ensure that costs are kept to a minimum, it is critical that companies develop a firm
understanding of Vietnam’s accounting framework prior to market entry and to maintain
robust systems of regulatory monitoring during the course of operations within the country.
In this issue of Vietnam Briefing, we outline the basic framework of accounting regulation
applied in Vietnam and provide guidance on how to ensure compliance in order to
setup and carry out operations within the country in a seamless manner. We examine
existing Vietnamese accounting standards, highlight differences between Vietnamese
and international accounting standards, and provide expert insight on compliance issues
in Vietnam.
Dezan Shira & Associates has a growing team of tax and accounting specialists within
Vietnamproviding our clients with years of combined experience helping foreign enterprises
maintain compliance and to bridge the gap between Vietnamese accounting standards
and those in their home markets. For questions on conforming to Vietnamese accounting
standards, please contact our offices in n
Introduction
For queries regarding the content of
this magazine, please contact:
All materials and contents
© 2016 Asia Briefing Ltd.
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
Pham Khan Than
Oil on canvas, 80 x 130 cm
Green Palm Gallery
+84 97 762 7722