Vietnam: Foreign currency-denominated transactions | KPMG | GLOBAL

Vietnam: Accounting for foreign currency-denominated transactions

Vietnam: Foreign currency-denominated transactions

Vietnam’s Ministry of Finance issued guidance concerning how to determine the exchange rates with respect to accounting for foreign currency transactions and for converting monetary items denominated in a foreign currency.


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Circular No. 53/2016/TT-BTC (21 March 2016) sets forth these rules, and also reflects guidance concerning the “costing method” for trading securities and rules for translating accounting supporting documents that are written in foreign languages into Vietnamese.


Read a March 2016 report [PDF 133 KB] prepared by the KPMG member firm in Vietnam: Circular No. 53/2016/TT-BTC Amendments and Supplements to Circular No. 200/2014/TT-BTC on Vietnamese Accounting System for Enterprises

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