OFFICIAL LETTER 17590/BTC-CĐKT DATED 26 NOV 2015 OF MOF GUIDING EXCHANGE RATE FOR ENTERPRISES REGISTERING ACCOUNTING CURRENCY WITH USD
According to official letter 17590/BTC-CĐKT , enterprises registering accounting currency with USD, transactions incurring with VND are transactions with foreign currency and the application is performed as follows:
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For receivables, revenue with VND: enterprises are applied to VND buying rate (USD selling rate) of Banks for recognition.
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For payables, expenses are not yet paid to sellers with VND: enterprises use VND selling rate (USD buying rate ) of Banks for recognition.
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For buying assets or expenses paid immediately foreign currency (not through account payables): enterprises use buying rate of commercial banks where they open bank accounts
