IFRS 9 for banks set to be the way forward

IFRS 9 for banks set to be the way forward

The International Financial Reporting Standards (IFRS) Roadmap in Vietnam was officially announced in Decision No.345/QD-BTC in March by the Ministry of Finance. Against the mandate by the ministry and economic distress caused by COVID-19, KPMG now views the application of IFRS to be more challenging than anticipated as banks in Vietnam plan forward to embrace IFRS 9.
Banks look towards IFRS 9 practical implementation

Banks look towards IFRS 9 practical implementation

The transition to IFRS 9 might hold opportunities for banks, experts from PwC and SAS said at a workshop held in Hanoi yesterday.

Latest News