Financial statement (FS) not only reflect a company’s financial health but also serve as a benchmark for management efficiency. In 2025, accounting standards in Vietnam will continue to be updated to enhance transparency, especially for listed companies. So, what does a complete financial statement include? What are the financial statement 2025 deadlines? Let’s explore the full details in this article.
What is a financial statement? Overview of the 5 key financial reports
Financial statements help businesses compile and present information on their financial position and business performance.
Currently, there are five main types of financial statements:
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Balance sheet: Provides information on assets, liabilities, and owner’s equity.
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Income statement: Records revenue, expenses, and profit during the reporting period.
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Cash flow statement: Tracks the inflow and outflow of cash.
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Notes to financial statements: Offers detailed explanations of significant items.
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Consolidated financial statements: For parent companies or corporate groups with subsidiaries.
What does a complete set of financial statements include?
A full financial statement set typically includes:
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4 core financial reports: Balance sheet, income statement, cash flow statement and notes to the financial statements.
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Financial statements from the last 3 years or 3 consecutive years (for listed companies).
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Semi-annual financial report (for businesses required to file biannual reports).
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Audit report (if applicable) to ensure credibility.
Regularly updating financial statements helps improve transparency and build trust with partners and investors.
Financial statements 2025 update: Key notes for businesses
New accounting standards
From 2025, Vietnam aims to adopt the International Financial Reporting Standards (IFRS), promoting transparency and comparability across companies. This shift means financial reports will become more transparent but also require businesses to adjust how they recognize revenue, assets and liabilities.
Financial statement submission deadlines for 2025
To avoid violations and penalties, businesses must adhere to the following deadlines:
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State-owned enterprises: No later than March 31, 2025.
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Joint-stock companies, LLCs, cooperatives:
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With audited reports: By March 31, 2025.
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Without audited reports: By April 1, 2025.
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FDI enterprises: Submit before March 31, 2025.
Businesses can submit 2025 financial statements via:
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The eTax system
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Direct submission at the tax authority
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Through auditing firms (if applicable)
Late submission may result in fines ranging from VND 10 to 50 million under Decree 41/2022/NĐ-CP.
Valuation of enterprises – A solution to ensure accurate financial statements
Preparing financial statements is not only a legal requirement but also a reflection of a business’s true value. To enhance reliability and transparency, Hoang Quan Appraisal offers business appraisal services to:
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Determine the value of assets and owner’s equity in line with international standards
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Optimize financial strategies and support effective fundraising
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Improve financial reports: Assist businesses in completing the last 3 years statements using objective appraisal data
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Support internal & external audits: Help optimize the audit process and avoid legal risks
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Bank loan support: Banks often require 3 years of financial statements for credit assessment
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Investment readiness: Accurate FS enhances financial credibility and attracts investors
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IPO & M&A preparation: A reliable appraisal helps maximize value in mergers, acquisitions and IPOs
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Regulatory compliance: Ensure accurate and timely filing of semi-annual or annual financial statements, minimizing the risk of penalties
Hoang Quan Appraisal offers specialized service packages:
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Valuation of enterprises for financial statement preparation
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Valuation of fixed assets, real estate, machinery and equipment for FS purposes
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Brand value & goodwill valuation
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Audit support and advisory
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Financial consulting for M&A, IPO and corporate restructuring
With over 23 years of experience, Hoang Quan Appraisal guarantees precise and timely appraisal reports, helping your business prepare 2025 financial statements with confidence and compliance.
Contact us now for a free consultation and business appraisal service quote!
Hoang Quan Appraisal Co., Ltd.
Address: Hoang Quan Appraisal System
Phone: 0934.252.707
Email: contact@sunvalue.vn
Facebook: Hoang Quan Appraisal
Website: hqa.com.vn
Conclusion
The 2025 financial statements are not just a legal obligation - they’re also a vital tool for financial management and strategic planning. Understanding the submission deadlines, staying current with accounting standards and partnering with a professional appraisal firm will help optimize your financial statements, boost transparency and earn the trust of partners and investors.
Looking for a trusted appraisal partner to support your 2025 financial reporting? Contact Hoang Quan Appraisal today for expert guidance and support!
