IFRS in Vietnam

Growing numbers of companies and organisations in Vietnam are adopting International Financial Reporting Standards (IFRS). The benefits of IFRS include enhanced comparability and improved transparency of financial reporting. IFRS financial statements are generally accepted by users in a large number of countries around the world. These are an absolute requirement to gain access to international capital market.

KPMG has been assisting clients both in Vietnam and internationally implement and interpret these standards.

How we can help

KPMG is working with organisations around the world to help them deal with complex questions arising from the adoption of IFRS, providing practical support to smooth the transition, such as:

Business performance

How will IFRS affect reported business performance and how will the consequences of this change be communicated effectively, both internally and to the external market?
Benefits

What are the potential benefits of adopting IFRS, and how can they be realised?
Experience and resources

What experience and resources will be required for a successful IFRS conversion?
Management

How should organisations manage the conversion to IFRS?