Enterprise accounting regime Vietnam: Circular No. 99/2025/TT-BTC for businesses
The Vietnamese Ministry of Finance issued new regulations for business accounting on 27 October 2025. These replace the previous version from 2014. The Ecovis experts explain what needs to be considered from 1 January 2026.
Official Circular No. 99/2025/TT-BTC (Cir 99) on the regulation of corporate accounting contains numerous changes compared to Circular No. 200/2014/TT-BTC from 2014. It marks an important step forward in the reform and integration of Vietnamese accounting and is a necessary stepping stone before Vietnam applies VFRS and IFRS. The new regulations focus on guiding accounting practices within enterprises, including vouchers, accounts, books, and financial statements.
Key points contained in Circular 99
- Circular 99 takes effect from 1 January 2026 and applies to financial years beginning on or after 1 January 2026.
- It replaces Circular No. 200/2014/TT-BTC dated 22 December 2014 (except for the case specified in Section 3), Circular No. 75/2015/TT-BTC dated 18 May 2015, Circular No. 53/2016/TT-BTC dated 21 March 2016 and Circular No. 195/2012/TT-BTC dated 15 November 2012.
- Some content relating to accounting for the equitization of state-owned enterprises contained in Circular No. 200/2014/TT-BTC will continue to apply until there is a replacement document.
- Small and medium-sized enterprises, non-public establishments, and other accounting units may choose to apply this Circular to carry out accounting in accordance with the characteristics of their production and business activities and management requirements.
It is important to clarify that circular does not regulate the determination of tax obligations. Businesses tax matters must still comply strictly with the provisions of current tax legislation.
