Compliance Timeline

Circular 99/2025: Vietnam's Accounting Regime Overhaul Aligns with IFRS

On October 27, 2025, the Ministry of Finance issued Circular 99/2025/TT-BTC replacing Circular 200/2014/TT-BTC, effective January 1, 2026. This is the biggest overhaul of Vietnam's accounting framework in over a decade, shifting from rigid compliance-by-instruction to principle-based IFRS alignment. Key changes include replacing the balance sheet with a 'Statement of Financial Position,' allowing enterprises to customize their chart of accounts, and introducing new accounts for biological assets and Global Minimum Tax expenses.