Guiding preparation of provincial state financial statements for 2021

Guiding preparation of provincial state financial statements for 2021

VCN - The State Treasury has sent an official dispatch to the State Treasury of provinces and cities on guiding the preparation of state financial statements for 2021.
Banks bad debt tends to increase

Banks bad debt tends to increase

The financial statements of the second quarter and the first six months of 2022 from many banks have revealed not very positive developments in credit quality
Recurring "evaporation" of profits after audit

Recurring "evaporation" of profits after audit

VCN - The publication time of audited financial statements has arrived, however, due to the Covid-19 pandemic, many businesses were unable to submit audited financial statements on time or be approved to extend the time of publishing the report.
Financial statement in third quarter, 253 enterprises achieved earnings growth

Financial statement in third quarter, 253 enterprises achieved earnings growth

In the third quarter, insurance and banking enterprises achieved the highest earnings growth.
Apply IFRS to achieve transparency

Apply IFRS to achieve transparency

​VCN - Up to now, 131 of 143 surveyed countries and territories have claimed to allow the application of National Accounting Standards or International Financial Reporting Standards (IFRS) in different forms.
Making state financial statements: The State Treasury to follow the roadmap

Making state financial statements: The State Treasury to follow the roadmap

VCN - Recently, the Ministry of Finance has issued Circular No. 133/2018 / TT- BTC guiding the making of state financial statements.
Financial statements of weak credit institutions must be publicized

Financial statements of weak credit institutions must be publicized

VCN - The Ministry of Finance has finalized the draft Decree stipulating some specialized contents on financial regime for weak credit institutions in restructuring and handling process of bad debts.
Financial statements will be applied under international standards

Financial statements will be applied under international standards

VCN- At the seminar Mr. Vu DucChinh, Director of the Accounting and Auditing Regulations Departmentunder the Ministry of Finance stated that an accounting and audit standard applyingan international standard system would bring objectivity and transparency
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