Solutions to Support the Application of the Fair Value Principle in the Disclosure of Financial Statements in Vietnam
Published: July 30, 2026
Abstract
On March 23, 2019, the Ministry of Finance proposed a roadmap for the adoption of the International Financial Reporting Standards (IFRS) in Vietnam. The application of the fair value principle remains both a key requirement and a significant challenge to ensure that Vietnam’s financial reporting practices are aligned with international standards. This study discusses the necessity and role of fair value in the disclosure of financial statements, provides an overview of its current application in accounting practice, and proposes solutions to promote the effective adoption of the fair value principle in Vietnam.
Keywords
fair valueaccounting standardsapplication of the fair value principle
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