The trend of applying IFRS in Vietnamese enterprises

Currently, IFRS (International Financial Reporting Standards) is being applied in its entirety or almost entirely in more than 100 countries around the world including some countries in the Southeast Asia region. In the trend of applying common standards on preparing financial statements, it is necessary for Vietnam to apply the IFRS. The implementation of IFRS will help increase the level of trust and transparency for investors. From the perspective of Vietnamese enterprises, the application and presentation of financial statements in accordance with international accounting standards will have many opportunities for development, increase their prestige and positions in the international market, and create a certain attractiveness when competing with businesses in other economies.