THE MINISTRY OF FINANCE
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SOCIALIST REPUBLIC OF VIET NAM
Independence - Freedom – Happiness
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No. 122/2004/TT-BTC
Hanoi, December 22, 2004
 
CIRCULAR
GUIDING THE IMPLEMENTATION OF ACCOUNTING AND AUDITING REGIMES BY VIETNAM-BASED ENTERPRISES AND ORGANIZATIONS WITH FOREIGN CAPITAL
Pursuant to the June 17, 2003 Accounting Law, the Government’s Decree No. 129/2004/ND-CP of May 31, 2004 detailing and guiding the implementation of a number of articles of the Accounting Law in business activities and Decree No. 185/2004/ND-CP of November 4, 2004 on sanctioning administrative violations in the accounting domain.
Pursuant to the June 17, 1996 Law on Foreign Investment in Vietnam, the June 27, 2000 Law Amending a Number of Articles of the Law on Foreign Investment in Vietnam, the Government’s Decree No. 24/2000/ND-CP of July 31, 2000 and Decree No. 27/2003/ND-CP of March 18, 2003 guiding the implementation of the Law on Foreign Investment in Vietnam;
Pursuant to the Government’s Decree No. 48/2000/ND-CP of September 12, 2000 detailing the implementation of the Petroleum Law;
Pursuant to the Government’s Decree No. 42/CP of July 8, 1995 issuing the Regulation on practice of legal consultancy by foreign lawyers’ organizations in Vietnam;
The Ministry of Finance hereby guides the implementation of accounting and auditing regimes by Vietnam-based enterprises and organizations with foreign capital as follows:
 
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