Accounting law updates vietnam 2026

From January 1st, 2026, many accounting regulatory risk assessment related to accounting, taxation, and wages will come into effect, directly impacting businesses, household businesses, and employees. This article systematically summarizes notable policies categorized by sector, helping businesses proactively review and adjust their operations and ensure legal compliance during the transition period.

1.1. New Regulations on Corporate Accounting System

The Minister of Finance issued Circular 99/2025/TT-BTC guiding the accounting system applicable to businesses in all sectors and economic components. Credit institutions and branches of foreign banks will implement their accounting audit readiness vietnam according to separate regulations of the State Bank of Vietnam.

The Circular takes effect from January 1, 2026 and applies to fiscal years beginning on or after January 1, 2026.

Notably, Circular 99/2025/TT-BTC replaces the following documents entirely:

  • Circular 200/2014/TT-BTC guiding the accounting regime for enterprises (except for cases stipulated in Clause 2, Article 31 of Circular 99/2025/TT-BTC).
  • Circular 75/2015/TT-BTC amending and supplementing Article 128 of Circular 200/2014/TT-BTC.
  • Circular 53/2016/TT-BTC amending and supplementing several articles of Circular 200/2014/TT-BTC.
  • Circular 195/2012/TT-BTC provides accounting guidance applicable to the investor unit.


New accounting compliance obligations for FDI

1.2. Enterprises use the Statement of Financial Position instead of the Balance Sheet

According to current regulations in Article 100, Circular 200/2014/TT-BTC, the enterprise’s financial reporting system includes the Balance Sheet (Form B01-DN) and other mandatory financial reports.

However, from January 1, 2026, Circular 99/2025/TT-BTC officially takes effect and redefines the enterprise’s financial reporting system in Article 17. Accordingly, the Balance Sheet is replaced by the Statement of Financial Position, while the remaining reports remain unchanged.

Specifically, for businesses meeting the going concern assumption, the annual financial statements include:

  • Statement of Financial Position (Form B01-DN).
  • Statement of Income (Form B02-DN).
  • Statement of Cash Flows (Form B03-DN).
  • Notes to the Financial Statements (Form B09-DN).

Thus, from fiscal year 2026, Form B01-DN will no longer be called “Balance Sheet” but will be changed to “Statement of Financial Position,” reflecting the adjustment in the approach and presentation of financial information according to the new new accounting compliance obligations for FDI system.

1.3. Adjusting the Corporate Accounting System

Along with the issuance of the new corporate accounting system, Circular 99/2025/TT-BTC also significantly adjusts the accounting law updates vietnam 2026 system in Appendix II, applicable from the 2026 fiscal year. The changes focus on renaming accounts, adding new accounts, and abolishing some accounts that are no longer relevant.

Firstly, the names of some accounting accounts are changed to clarify their nature, notably:

  • Account 112 is renamed from “Bank deposits” to “Demand deposits”.
  • Account 155 is renamed from “Finished goods” to “Products”.
  • Account 242 is renamed from “Prepaid expenses” to “Expenses awaiting allocation”.
  • Account 419 is renamed from “Treasury stock” to “Shares repurchased from oneself”.
  • Several other accounts, such as 138, 158, and 244, have also had their names adjusted to align with their content.

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Secondly, several new accounting accounts have been added, notably:

  • Account 215 – Biological Assets, with a detailed sub-account system to track livestock and crops according to their production cycles.
  • Account 332 – Dividend and Profit Payable, clearly separating the obligations payable to owners.

Thirdly, many accounts under Circular 200/2014/TT-BTC have been abolished, including:

  • Detailed accounts for cash and deposits by currency type (1111, 1112, 1113, 1121, 1122, 1123…).
  • Several accounts related to securities, financial instruments, operational expenses, and funding sources.
  • Detailed accounts for tools and equipment, leased fixed assets, and intangible assets.
  • Several accounts reflecting business results, costs, purchases, and sources of capital.

These adjustments show a trend towards streamlining the accounting system, while also being closer to the economic nature of transactions. This necessitates that businesses review their accounting diagrams, accounting processes, and accounting software to ensure compliance when implemented from 2026.

1.4. Small and Medium-Sized Enterprises Can Choose to Apply the Corporate Accounting System

According to Article 31 of Circular 99/2025/TT-BTC, from January 1, 2026, small and medium-sized enterprises, non-public institutions, and other accounting units may choose to apply the enterprise accounting system as stipulated in this Circular to suit their production and business characteristics and management requirements.

The application of Circular 99/2025/TT-BTC must be consistent for at least one accounting year. In case an enterprise changes its applied accounting system, the entity is responsible for:

  • Presenting the data and comparative information in a similar manner as when the accounting policy changes.
  • Clearly explaining the reasons and impact of the change in the Notes to the Financial Statements as required.

At the same time, the Circular also stipulates that some provisions related to the accounting of equitized state-owned enterprises under Circular 200/2014/TT-BTC will continue to be implemented until a replacement document is issued.

This regulation creates more options for small and medium-sized enterprises, but also requires thorough preparation regarding statutory financial reporting requirements vietnam, software, and comparative data when deciding to switch accounting regimes from 2026.

The financial statement compliance vietnam not only tighten accounting and tax requirements but also impose obligations to adjust salaries, insurance, and labor records to conform to the new legal framework. In this context, businesses need to proactively review their internal processes and update policies promptly to reduce legal risks, avoid penalties, and ensure stable operations from 2026 onwards.

>>>Read more: Tax inspection – Tax accounting services in vietnam 

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