Chapter V
ACCOUNTING, STATISTICAL AND INSURANCE REGIMES
Article 62.- Accounting, auditing and statistical work
1. The accounting, auditing and statistical work in foreign-invested enterprises and business cooperation parties shall comply with the provisions of Vietnamese legislation on accounting, auditing and statistics.
2. Foreign-invested enterprises and foreign parties to business cooperation contracts shall comply with the accounting regime of Vietnam.
Where there are plausible reasons for the application of common foreign accounting regimes, such application must be approved by the Finance Ministry.
3. The foreign business cooperation parties shall make book entries according to the contents suitable to each type of business cooperation.
Article 63.- Measurement and currency units, accounting and statistical recording
1. The measurement units used in accounting and statistical work are the official measurement units of Vietnam. Other measurement units must be converted into official measurement units of Vietnam.
2. The currency unit used in accounting and statistical recording is Vietnam dong. In case of necessity, foreign-invested enterprises and foreign business cooperation parties may request the Finance Ministry to approve the use of foreign currency unit(s).
3. The accounting and statistical recording shall be effected in Vietnamese or both Vietnamese and a common foreign language.
Article 64.- Financial reports
Foreign-invested enterprises and foreign business cooperation parties shall have to forward their annual financial reports to the investment licensing agencies, the Ministry of Planning and Investment, the Finance Ministry and the General Department of Statistics within 3 months as from the end of their fiscal years.
The annual financial reports of foreign-invested enterprises and foreign business cooperation parties shall be audited by independent auditing companies licensed to operate in Vietnam according to the provisions of legislation on audit before forwarding them to the above-said agencies.
The auditing companies shall have to take responsibility before law for the independence, objectiveness and truthfulness of the auditing results.
The audited financial reports of foreign-invested enterprises and foreign business cooperation parties can be used as bases for determination and settlement of tax obligations as well as other financial obligations toward the Vietnamese State.
Article 65.- Regulations on insurance
1. Foreign-invested enterprises and foreign business cooperation parties shall effect the insurance on the basis of the insurance contracts signed with insurance companies licensed to operate in Vietnam according to the provisions of law.
2. Foreign-invested enterprises and foreign business cooperation parties shall effect the voluntary and compulsory insurance according to the provisions of law.
The insured subjects shall include human being, property, civil liability and other objects prescribed by law.
Tìm kiếm
Nghị định 24/2000/NĐ-CP Hướng dẫn Luật đầu tư nước ngoài tại Việt Nam (Bản Word)