Circular No. 71/2024/TT-BTC Guiding the Accounting Regime for Cooperatives and Cooperative Unions

Ministry of Finance

Vietnam's central finance ministry: the state budget, taxation, customs, the state treasury, public debt, state reserves, and accounting and pricing policy. In the 2025 reorganisation it absorbed the former Ministry of Planning and Investment, adding national development planning, public investment and statistics.

Document Type	Document Number	Status	Date Effective	Issuing Body	Official Source URL
Circular	71/2024/TT-BTC	In effect	07/10/2024	Ministry of Finance	https://phapluat.gov.vn/legal-documents/170886

Summary

Circular No. 71/2024/TT-BTC, issued by the Ministry of Finance on October 7, 2024, guides the accounting regime applicable to cooperatives and cooperative unions established and operating under the Law on Cooperatives. The Circular is issued pursuant to the Law on Accounting (20 Nov 2015), the Law on Cooperatives (20 Jun 2023), Decree No. 14/2023/ND-CP and Decree No. 113/2024/ND-CP, and takes effect as provided in the Circular. It does not apply to determination of tax liabilities to the State budget. The Circular sets out the scope of application, accounting vouchers, chart of accounts, bookkeeping principles, and preparation and presentation of financial statements for cooperatives (including cooperative unions). Substantive provisions require cooperatives to base bookkeeping on accounting vouchers that reflect completed economic…