NEWS

Accounts and account system

vinasc Thanh2019-05-15T01:23:34+00:00

Accounts and account system 1. Accounts are used for classifying and systemizing economic/financial transactions. 2. The account system consists of necessary accounts. Each accounting unit may only use one account system for financial accounting as prescribed by the Ministry of Finance. 3. The Ministry of Finance shall promulgate specific regulations on accounts and account systems of the following accounting units: a) Accounting units responsible for revenues and expenditures of state budget; b) Accounting units using state budget; c) Accounting units that do not use state [...]

Prohibited acts

vinasc Thanh2019-05-15T01:18:54+00:00

Prohibited acts 1. Forging, making false statements in, falsifying accounting records or other accounting documents, or forcing another person to do so. 2. Intentionally providing, verifying false accounting information and data, or colluding with another person in doing so or forcing another person to do so. 3. Leaving assets, liabilities of the accounting unit or related to the accounting unit from the accounting books. 4. Destroying or deliberately damaging accounting documents before the expiration of the retention period specified in Article 41 of [...]

Accounting subjects

vinasc Thanh2019-05-15T01:15:04+00:00

Accounting subjects 1. Accounting subjects with regard to revenues, expenditures of state budget, administrative operation; operation of units and organizations using state budget include: a) Money, supplies, and fixed assets; b) Budgets, funds; c) Internal and external payments of the accounting unit; d) Revenues, expenditures, and settlement of difference between revenue and expenditure; dd) Revenues, expenditures, and surplus of state budget; e) Financial, credit investment by the State; g) Debt and settlement of public debt; h) Public assets; i) Other property, assets, and liabilities related to the accounting unit. 2. [...]

The company’s charter

vinasc Thanh2019-05-11T03:57:35+00:00

The company’s charter. 1. The company’s charter consists of the charter upon registration and amendments made to the charter throughout the enterprise’s operation. Main contents of the company’s charter: a) Name, address of the headquarter of the enterprise; names, addresses of its branches and representative office (if any); b) Business lines; c) Charter capital; total shares, types of shares, and nominal values of each type of shares if the enterprise is a joint-stock company; d) Full names, addresses, nationalities, and other information of general partners [...]

Authorized representatives of owners, members, shareholders being organizations

vinasc Thanh2019-05-11T03:53:17+00:00

Authorized representatives of owners, members, shareholders being organizations 1. The authorized representatives of owners, members, shareholders being organizations must be individuals authorized in writing to perform their rights and obligations prescribed in this Law on behalf of such owners, members, shareholders. 2. Unless otherwise prescribed by the company’s charter, the authorized representative shall be appointed as follows: a) A multi-member limited liability company that holds at least 35% of charter capital may appoint up to 03 representatives; b) A joint-stock company that holds [...]

Rights of enterprises

vinasc Thanh2019-05-11T03:50:19+00:00

Rights of enterprises 1. Engage in the business lines that are not prohibited by law. 2. Exercise business autonomy; decide on organizational structure, business lines, and location; change the scale and business lines. 3. Decide on the method of raising and using capital. 4. Find markets, customers, and sign contracts proactively. 5. Engage in export and import. 6. Hire employees to serve the business. 7. Apply science and technologies to improve business efficiency and competitiveness. 8. Own, use, and dispose of assets of the enterprise. 9. Refuse to [...]

Financial statements of accounting units

vinasc Thanh2019-05-10T04:06:29+00:00

Financial statements of accounting units 1. Financial statements of an accounting unit are used for aggregating and describing its financial conditions and performance. Financial statements of an accounting unit include: a) Financial condition statement; b) Business performance statement; c) Cash flow statement; d) Note to financial statements; dd) Other statements defined by law. 2. Financial statements of an accounting unit are made as follows: a) Each accounting unit shall make the financial statement at the end of the annual accounting period, unless otherwise prescribed by law; c) Financial [...]