The current implementation of Vietnamese accounting standards in Vietnam

Vietnamese Accounting Standards (VAS) were issued from 2000 to 2005 with 26 accountingg standards, accounting regimes, and circulars guiding these standards' implementation. This study analyzes the advantages and disadvantages to determine the cause of problems during the implementation of VAS. The results show that although the implementation of VAS has greatly improved the publicity and transparency of financial statements, the VAS has revealed many limitations and these accounting standards have not kept pace with international accounting trends during the current integration process of Vietnam.