Quyết định số 12/2005/QD-BTCDECISION On the Issuance and Publication of Six Vietnamese Standards on Accounting (Batch 4)(<font color=red>Content Attached</font>)

MINISTRY OF FINANCE

No. 12 /2005/QD-BTC SOCIALIST REPUBLIC OF VIETNAM Independence - Freedom - Happiness

Hanoi, February 15, 2005 DECISION OF THE MINISTER OF FINANCE On the Issuance and Publication of Six Vietnamese Standards on Accounting (Batch 4) MINISTER OF FINANCE - Pursuant to the Law on Accounting No. 03/2003/QH11 dated June 17, 2003; - Pursuant to Governmental Decree No. 86/2002/ND-CP dated November 5, 1993 on the functions, jurisdictions and organization of ministries and ministry-level agencies; - Pursuant to Governmental Decree No. 77/2003/ND-CP dated July 1, 2003 on the functions, jurisdictions and organization of the Ministry of Finance; - In response to the requirement of economic and financial management reform, improvement of the qulaity of accounting information provided in the mantional economy and examination and verification of accounting practice. Upon the proposal of the Director of the Accounting and Auditing Policy Department and Chief of the Ministry Office, DECIDES: Article 1. To issue six (06) Vietnamese Standards on Accounting (Batch 4) with the codes and titles specified:

1. Standard No. 17 - Income Taxes 2. Standard No. 22 - Disclosures in Financial Statements of Banks and Similar Financial Institutions 3. Standard No. 23 - Events after the Balance Sheet Date 4. Standard No. 27 - Interim Financial Reporting 5. Standard No. 28 - Segment Reporting 6. Standard No. 29 - Changes in Accounting Policies, Accounting Estimates and Errors Article 2. Six (06) Vietnamese Standards on Accounting issued folowing this decision shall be applicable nation-wide to enterprises of all industries and economic sectors. Article 3. This Decision shall come into effect 15 days after it is published in the Gazette. Individual accounting regulations and systems shall be amended and supplemented in accordance with the six (06) Vietnamese Standards on Accounting issued hereby. Article 4. The Director of the Accounting and Auditing Policy Department, the Ministry Office Chief, and heads of relevant affiliate and subsidiary units of the Ministry of Finance shall be responsible for guiding and overseeing the carrying out of this Decision. FOR THE MINISTER OF FINANCE VICE MINISTER Tran Van Ta (Signed)