Implementing International Financial Reporting Standards at Vietnamese enterprises during the international economic integration process

International Financial Reporting Standards (IFRS) have been continuously adjusted, updated and replaced in recent years to ensure that businesses and organizations use generally accepted accounting principles. In the global economic integration process, the implementation of IFRS in Vietnam not only impoves the transparent and reliable of financial statements but also support both domestic and foreign investors make better economic decisions. In 2020, the Ministry of Finance issued a scheme consisting of directions, roadmap and measures to implement IFRS in Vietnam by 2025. It requires Vietnamese enterprises to be proactive and ready for the application of IFRS in the coming years. This paper examines the implementation of IFRS at Vietnamese enterprises during the country’s international economic integration process.