Currency used for the financial statements as publicized and submitted to functional agencies in State management in Vietnam
1. Financial statements used to publicize and submit to functional agencies in State management in Vietnam must be presented in Vietnam Dong. In case enterprises make financial statements in foreign currency, they must convert financial statements into Vietnam dong when they are publicized and submitted to functional agencies in State management in Vietnam.
2. The method of converting financial statements prepared in foreign currencies into Vietnam dong to publicize information and submit to State management agencies shall be as follows:
a) When converting financial statements prepared in foreign currencies into Vietnam dong, accountants must convert the norms of financial statements in accordance with the following principles:
- Assets and liabilities are converted into Vietnam dong at the actual exchange rate at the end of period (the transfer rate of a commercial bank where enterprises regularly trade at the time of the report);
- Owner‘s equity (contributed capital of owners, share premium or other capital, conversion option of bonds) is converted into Vietnam dong at the actual exchange rate at the date of contribution of capital;
- Foreign exchange differences and differences upon asset revaluation are converted into Vietnam dong at the actual exchange rate at the date of valuation;
- Undistributed post-tax profits, funds deducted from undistributed post-tax profits the arising after the investment are converted into Vietnam dong by calculating according to items of income statements;
- Profits, dividends payable shall be converted into Vietnam dong at the actual exchange rate at the date of payment of income, dividends;
- Items of income statements and cash flow statements are converted into Vietnam dong at the actual exchange rate at the time of the transaction. In case the average exchange rates of the
accounting period is approximate the actual rate at the time of the transaction (the difference does not exceed 3%), it can be applied in the average exchange rate (if optional).
b) Accounting method of exchange differences due to conversion of financial statements prepared in foreign currencies into Vietnam Dong.
Foreign exchange differences arising when converting financial statements prepared in foreign currencies into Vietnam Dong under the item "exchange rate differences" - No. 417 of the owner‘s equity of the Balance sheet.

Source: Circular 200, Article 107