VAA was established in 1994 as the first professional accountancy organization (PAO) in Vietnam under Decision 12-TTg by the Prime Minister of Vietnam and formally named as the Vietnam Association of Accountants and Auditors under Decision 35/2004/BNV as authorized by the Minister of Home Affairs. VAA’s objectives are to unite organizations and individuals involved in the accountancy practice to develop the profession; upgrade professional skills; uphold ethics for Vietnam’s management of economic and financial issues, and integration into the community of accountancy bodies around the world. Membership with VAA is voluntary. In addition to being a member of IFAC, VAA is a member of the ASEAN Federation of Accountants (AFA).