Tag: IFRS 9

The benefits from meeting International Financial Reporting Standards 9 (IFRS 9) are clear, especially in opening the door to integration into the international capital market. Due to many obstacles and a lack of resources, however, only a few banks in Vietnam have actively implemented the standards.

International Financial Reporting Standards 9 (IFRS 9) are especially important for the banking sector to ensure a sustainable financial foundation, especially in the context of deep international integration. Some banks in Vietnam have applied IFRS 9 but there are still many difficulties and obstacles that need to be addressed.