According to the law (updated by DATA ENTRY VIETNAM in 2023), the following types of businesses and companies are required to have their financial statements audited, including:
- Enterprises and companies with foreign investment capital.
- Credit institutions established and operating under the Law on credit institutions (including foreign bank branches in Vietnam).
- Financial institutions, insurance enterprises, reinsurance enterprises, insurance brokerage enterprises, branches of foreign non-life insurance enterprises.
- Public companies, issuing organizations and securities trading organizations.
- Enterprises and organizations must audit according to the provisions of law.
- State-owned enterprises, excluding state-owned enterprises operating in fields that are state secrets, must have their financial statements audited annually.
- Enterprises and organizations implementing important national projects and group A projects using state capital, except for projects in the field of state secrets, must audit the final settlement report of the completed project.
- Enterprises and organizations with state-owned corporations or corporations holding 20% or more of voting rights at the end of the fiscal year must have their financial statements audited annually.
- Enterprises with listed organizations, issuing organizations and securities trading organizations holding 20% or more of voting rights at the end of the fiscal year must have their financial statements audited annually.
- Auditing firms and branches of foreign auditing firms in Vietnam must be audited for annual financial statements.