In the trend of economic globalization, the application of IFRS makes the financial reporting information of businesses more transparent, more reliable, increases comparability on an international scale is the basis of the Domestic and foreign investment make economic decisions. Recently, the Ministry of Finance has set up a project to bring IFRS to Vietnam and update and issue a new VAS / VFRS, which mentions the direction for Vietnam, the roadmap of application, measures for implementation and implementation. from 2017 to 2025. That poses many challenges for Vietnam.