The current situation of the application and the factors affecting the implementation of Vietnamese public sector accounting standards in non-business units

Vietnam's accounting system, particularly in the public sector, is experiencing significant changes to align with international regulations. Accordingly, the Ministry of Finance has been gradually issuing and implementing the Vietnamese public sector accounting standards to provide regulations and principles as a basis for recognizing, presenting, and disclosing information in line with international practices. However, the implementation is not straightforward due to the incompleteness of the issued standards. Additionally, public sector accounting, especially in non-business units, is governed by accounting standards, the accounting regime, and various other financial regulations. This article employs both qualitative and quantitative research methods to examine the current state of application and the factors influencing the adoption of Vietnamese public sector accounting standards in non-business units. The research results identify four factors affecting the adoption of Vietnamese public sector accounting standards in non-business units. These factors include the accountants' qualifications and experience, their awareness of usefulness, coercive pressure, and the legal documentation system. The article proposes recommendations to enhance the application of public sector accounting standards in non-business units. This will contribute to information transparency and improve the accountability of these units.