Thought catalysts
In-depth analyses, insights, and expert opinions in the fields of audit, accounting, and financial advisory from the experts at Forvis Mazars Vietnam.
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Circular 118: IFRS Election for Vietnam IFC Members, Key Obligations and the Transition Roadmap
21 October 2026
On 18 August 2026, the Ministry of Finance issued Circular No. 118/2026/TT-BTC on the eligible entities, scope, and manner of applying International Accounting Standards (*) in Viet Nam. Circular 118 establishes an election for eligible members of the International Financial Center in Viet Nam (the IFC), not a general mandate to apply International Financial Reporting Standards (IFRS) for all Vietnamese enterprises. The Circular applies to financial years beginning on or after 1 January 2027.
Vietnam Construction Law 2026 Update: A Practical Overview of the Six Implementing Decrees Effective from 1 July 2026
15 October 2026
The Government has issued six key decrees implementing the new construction law framework, all effective from 1 July 2026. These decrees form the core implementing framework of Vietnam’s new construction regime and introduce substantial changes affecting the development, procurement, execution and management of construction projects. The six decrees are Decree No. 206/2026/ND-CP, Decree No. 207/2026/ND-CP, Decree No. 209/2026/ND-CP, Decree No. 210/2026/ND-CP, Decree No. 212/2026/ND-CP, and Decree No. 217/2026/ND-CP.
AI Adoption in Vietnam: Strategic Technology Priorities, the AI Law and Broad Risk Themes
9 October 2026
Vietnam has elevated AI within a broader industrial and digital capability agenda through Decision 1131/QD-TTg (11 strategic technology groups and 35 strategic technology products) and enacted its first standalone Law on Artificial Intelligence (Law No. 134/2025/QH15) on 10 December 2025, effective 1 March 2026, introducing a risk-based classification concept (high/medium/low). This article summarizes the strategic technology context, the legal perimeter, AI adoption patterns, and the broad risk themes for boards and management teams.
Valuation methodologies for digital assets: A strategic guide for VCs and crypto funds
12 August 2026
This guide sets out how venture capital (VC) firms and crypto funds should approach digital asset valuation as Vietnam moves toward a licensed, onshore digital asset market. It covers the principal categories of digital assets, from cryptocurrencies to stablecoins, the valuation methodologies suited to each, and the Quantity Theory of Money (QTM) as a strategic framework for analyzing tokenomics.
Circular 99/2025/TT-BTC: Key Accounting Changes for Businesses in Vietnam
24 July 2026
On 27 October 2025, the Ministry of Finance officially issued Circular 99/2025/TT-BTC ("Circular 99") providing guidance on the corporate accounting regime. The Circular has been effective since 1 January 2026 and applies to financial years beginning on or after that date. Vietnamese enterprises should now ensure that their accounting policies, systems and reporting processes reflect the new requirements.