The year 2025 marks a significant shift in the legal framework governing financial audits in Vietnam. These changes impact not only domestic enterprises but are particularly critical for foreign-invested enterprises (FDI), listed companies, credit institutions, commercial banks, finance companies, investment funds, and multinational corporations operating in Vietnam.
Under Decree 90/2025/NĐ-CP, effective from 14 April 2025, large enterprises are officially subject to mandatory financial audits. Specifically, companies with:
- Annual revenue exceeding VND 300 billion, or
- Total assets exceeding VND 100 billion, or
- More than 200 employees,
are required to conduct independent annual financial audits. This represents a major regulatory development aimed at strengthening transparency, accountability, and financial governance standards, while aligning Vietnam with global integration trends.
For banks, credit institutions, and finance companies, the State Bank of Vietnam’s Circular 51/2024/TT-NHNN (effective 15 January 2025) imposes stricter requirements on eligible audit firms and the quality of audited financial statements. This ensures that financial reports provided to shareholders, investors, and regulators present a true and fair view, thereby reducing systemic risks and enhancing stability in the financial and banking sector.
At the same time, the implementation roadmap of International Financial Reporting Standards (IFRS/VFRS) continues, making financial audits in Vietnam a key compliance tool for FDI enterprises and listed companies to demonstrate adherence to international practices. The adoption of IFRS strengthens corporate credibility, facilitates access to global capital, and meets investors’ growing demand for transparency.
With Vietnam’s deep economic integration, financial audit in Vietnam in 2025 is no longer limited to regulatory compliance. It has become a strategic requirement for enterprises to:
Given these comprehensive changes in the legal framework, accounting standards, and capital market requirements, Financial Audit Vietnam 2025 is an indispensable management tool for large corporations and financial institutions. Choosing the right audit partner with legal accreditation and deep sector expertise is essential not only for compliance but also for building market credibility.
What is Financial Audit? Overview and Significance in Vietnam 2025
A financial audit is the process of examining, reviewing, and verifying the fairness and accuracy of a company’s financial statements. It is performed by an independent audit firm in accordance with Vietnamese Standards on Auditing (VSA, VFRS) and progressively aligned with International Standards on Auditing (ISA, IFRS).
Core objectives of financial audit:
Ensure transparency: Verify the accuracy of financial data, giving shareholders, investors, and regulators confidence in business performance.
Strengthen compliance: Align with Decree 90/2025/NĐ-CP and sector-specific regulations, especially for banks, securities firms, and insurers.
Support internal governance: Provide reliable data for management to assess risks, operational efficiency, and growth capacity.
Expand international opportunities: For FDI and listed companies, IFRS/VFRS-compliant audits are essential for fundraising, stock listings, and participation in global supply chains.
Why 2025 is critical for Vietnam:
- Stricter legal framework – Large enterprises (annual revenue ≥ VND 300 billion) must undergo mandatory audits, raising overall market transparency.
- Wider adoption of international standards – The Ministry of Finance enforces the IFRS roadmap, requiring FDI and listed companies to adjust to global norms.
- Heightened oversight of the financial sector – Banks, finance companies, and insurers must engage audit firms approved by the State Bank of Vietnam.
- Global investor expectations – With rising FDI inflows, funds demand audited and transparent financial statements as a prerequisite for capital injection.
In short, Financial Audit Vietnam 2025 is both a regulatory requirement and a strategic imperative. Non-compliance by large enterprises or credit institutions will almost certainly result in:
- Rejection of loan, IPO, or listing applications,
- Administrative penalties and regulatory sanctions,
- Loss of investor trust and reputational damage.
By contrast, companies conducting proper audits not only fulfill legal obligations but also strengthen credibility, unlock capital access, and enhance competitiveness in regional and international markets.
Auditing service entity
Updated Legal Framework & Audit Standards 2025
Decree 90/2025/NĐ-CP – Mandatory audits for large enterprises
Effective 14 April 2025, Decree 90/2025/NĐ-CP expands the scope of enterprises subject to mandatory audits. Companies with:
- Annual revenue ≥ VND 300 billion, or
- Total assets ≥ VND 100 billion, or
- More than 200 employees, must conduct independent audits of their annual financial statements.
This change affects not only listed firms and financial institutions but also large domestic and FDI companies in manufacturing, trade, real estate, import–export, and technology.
Circular 51/2024/TT-NHNN – Stricter rules for banks & credit institutions
From 15 January 2025, banks, finance companies, and credit institutions must:
- Appoint independent auditors from the State Bank’s approved list,
- Ensure audited reports strictly comply with VSA/VFRS,
- Prohibit auditors from providing consultancy or accounting services to the same client, ensuring independence.
This directly impacts commercial banks, insurers, securities firms, and finance companies, where reliability of financial reporting is paramount.
IFRS/VFRS Roadmap
- 2022–2024: Voluntary adoption for FDI, listed firms, and state-owned entities.
- From 2025: Mandatory adoption for large enterprises, listed companies, banks, and major SOEs.
IFRS/VFRS enhances global recognition of Vietnamese financial statements, crucial for international fundraising, IPOs, and cross-border M&A.
VSA & Convergence with ISA
Vietnamese Standards on Auditing (VSA) are being updated towards ISA alignment, focusing on:
Transparency in audit reports, including going concern disclosures,
Stricter auditor independence rules,
Requirements to audit complex financial instruments and ESG disclosures.
Consequences of non-compliance
Rejection of loan, IPO, and listing applications,
Regulatory penalties and blacklisting,
Investor distrust and impaired access to capital markets.
Emerging Audit Trends in Vietnam 2023–2025
Enhanced disclosures & transparency: Auditors must highlight going concern, key risks, and detailed justifications.
Stricter independence rules: Audit firms cannot provide both audit and advisory services to the same client.
ESG and sustainability audits: Essential for listed and FDI companies seeking international capital.
Technology adoption (AI, Big Data, Digital audit): Enables fraud detection, full data analysis, and faster reporting.
Public sector audit digitalization: Improves transparency in state finance and aligns with international practices.
Key Client Benefits of Financial Audit in Vietnam
FDI & Multinationals: Legal compliance, IFRS alignment, investor trust, and reduced legal risks.
Large Domestic Enterprises: Stronger governance, enhanced brand credibility, listing and funding eligibility.
Banks & Financial Institutions: Regulatory compliance, systemic stability, international funding access.
Real Estate, Construction, Import–Export Firms: Transparency for investors, reduced legal risks, readiness for M&A.
Investment Funds & Global Investors: Reliable evaluation, legal safeguards, ESG compliance assurance.
Why Choose Asia Legal Group for Financial Audit in Vietnam?
Legally accredited – Licensed by the Ministry of Finance, ensuring full compliance.
Proven experience – Extensive portfolio with FDI enterprises, banks, and funds.
Bilingual audit expertise – Competency in both VFRS and IFRS financial reporting.
Comprehensive services – From financial audit to compliance, project, investment capital settlement, and ESG audits.
Highly qualified team – Certified auditors, regularly trained on IFRS, VFRS, and ISA.
Confidentiality & value-added advisory – Secure handling of client data, with actionable recommendations for governance improvements.
👉 Contact Asia Legal Group today via https://dinhgiaav.com/ for professional, legally compliant financial audit services in Vietnam.
Source: Asia Legal Group – Licensed and supervised by the Ministry of Finance, Vietnam.
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