THE PRIME MINISTER

Decision No. 480/QD-TTg of March 18, 2013, approving the accounting and audit strategy up to 2020, with a vision toward 2030
THE PRIME MINISTER
Pursuant to the December 25, 2001 Law on Organization of the Government;
Pursuant to the Government’s Decree No. 118/2008/ND-CP of November 27, 2008, defining the functions, tasks, powers and organizational structure of the Ministry of Finance;
At the proposal of the Minister of Finance,
DECIDES:
Article 1. To approve the accounting and audit strategy up to 2020, with a vision toward 2030 (the sub-sector strategy of the finance strategy up to 2020 approved in the Prime Minister’s Decision No. 450/QD-TTg of April 18, 2012), with the following principal contents:
I. VIEWPOINTS, GENERAL OBJECTIVES AND SPECIFIC TASKS
1. Viewpoints
a/ Accounting and audit is an important economic management instrument with the function of setting up an economic, financial and budgetary information system serving the economic management and decision of the State as well as each unit, organization and enterprise. Therefore, it is necessary to improve information quality and, at the same time, build an adequate accounting and audit information system.
b/ To work out a synchronous system of solutions to promote the development of accounting and audit: To be properly and fully aware of the importance of accounting and audit; to complete the legal framework and the system of standards and professional methods suitable to Vietnam’s developing market economy and conformable with international practices; to intensify the management and supervision of activities, especially accounting and audit services; to increase the examination and monitoring of law implementation by grassroots units; to raise the quality of training and retraining of human resources; to properly build an information technology system serving the management and supervision of accounting and audit activities.
c/ To intensify and enhance the state management of accounting and audit, especially the planning, implementation and examination of implementation of the accounting and audit laws and examination and supervision of accounting and audit activities in the national economy.  
2. Overall objectives
a/ To set up a complete accounting and audit system conformable with the Vietnamese State’s management mechanism and the development of regional and world accounting and audit professions in order to satisfy information requirements for management, administration, inventory and control of economic resources and national economic and financial activities. 
b/ To build and develop a legal framework on accounting and audit based on researching and applying fundamental international practices in Vietnam’s specific conditions; to create an adequate, strict and suitable legal environment conducive to the development of accounting and audit activities and, at the same time, strictly manage and raise professional quality and ethics.