Resolution No. 68-NQ/TW of the Politburo, dated May 4, 2025, is a significant document aimed at promoting the development of the private economic sector in Vietnam. This is a strategic move to make the private sector a major driving force of the economy.
One of the key highlights of the new regulation is the expansion of entities subject to mandatory audits. Large-scale enterprises (meeting at least two out of three criteria: over 200 employees, annual revenue above VND 300 billion, or total assets over VND 100 billion) will be required to have their financial statements audited annually.
This new requirement brings several benefits, including:
- Enhancing transparency and standardizing financial information
- Improving corporate governance and risk control
- Increasing credibility with investors, banks, and business partners
To comply effectively, businesses should:
- Accurately assess their scale to determine audit obligations
- Review and improve accounting systems and reporting processes
- Prepare complete documentation and data - especially for companies undergoing audit for the first time
As a leading audit and advisory firm in Vietnam, Grant Thornton can support your business in assessing the impact of Decree 90 and enhancing the quality of your accounting and financial reporting systems.
