Hanoi-Vietnam: Application of accounting standards according to Circular 133

16:25, 11/07/2024

On August 26, 2016, the Vietnam Ministry of Finance promulgated Circular 133/2016/TT-BTC guiding the accounting regime for small and medium-sized enterprises.

Small and medium-sized enterprises in Vietnam shall follow the accounting regime issued together with Circular 133 and the relevant Vietnamese Accounting Standards, EXCEPT FOR the following 07 Vietnamese Accounting Standards:

No.	Standard Number	Standard Name
1	Standard No. 11	Business Mergers
2	Standard No. 19	Insurance Contracts
3	Standard No. 22	Disclosures of Financial Statements of Banks and Similar Financial Institutions
4	Standard No. 25	Consolidated Financial Statements and Accounting for Investments in Subsidiaries
5	Standard No. 27	Interim Financial Reporting
6	Standard No. 28	Segment Reporting
7	Standard No. 30	Earnings per Share

Details may be found in Circular 133/2016/TT-BTC effective from January 1, 2017.

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