Vietnam
- Participant in the Asian-Oceanian Standard-Setters Group (AOSSG)
Financial Reporting Framework in Vietnam
All domestic companies, listed and unlisted, are currently required to use the Vietnamese Accounting Standards (VASs), which have been developed by the Ministry of Finance. Generally, the VASs were based on IASs that were issued up through 2003, though some modifications were made to reflect local accounting regulations and environment. None of the IASB's amendments to IASs nor new IFRSs have been adopted.