ML130 (Oct 21 2025): Thông báo cuối cùng
Xếp hạng / Top achievers
Hạng nhất 007 Đinh Khánh Linh
Đồng hạng nhất 013 Nguyễn Đăng Quang
Đồng hạng nhất 020 Nguyễn Văn Chí Trung
Hạng tư 001 Phạm Thị Thanh An
Đồng hạng tư 040 Huỳnh Thị Nhã Uyên
ML55 & ML96 (Jan 9 2025): Thông báo cuối cùng / Final announcement
Thống kê/Statistics
A 1.5% B 37.3% C 34.9% D 17.5% F 8.7%
Xếp hạng / Top achievers
Hạng nhất/First 011 Ngô Hữu Kiên
Hạng nhì/Second 019 Đào Ngọc Diễm Quỳnh
ML55 (Nov 2 2024): Question from Mr. Le Viet Thanh Quang: How does a share offering at a price below par value affect Owners' Equity ?
Answer from the Department of Finance & the Department of Accounting
A share offering at a price below par value results in a negative share premium. Consequently, the effects of such an offering include (1) an increase in "Owners' Contributed Capital" by the amount of the total par value of the shares offered, and (2) a decrease in "Share Premium" by the amount of the difference between the total par value of the shares offered and the actual proceeds from the offering.
Pursuant to Article 13 of Law 54/2019/QH14 (Luật chứng khoán), the par value of shares of stock offered for sale to the public is VND10,000.
Pursuant to Article 17 of Decree 155/2020/NĐ-CP (Quy định chi tiết thi hành một số điều của luật chứng khoán), a prerequisite for a public company to issue additional shares to the public at a price below par value is that "there must be adequate share premium available, as evidenced by the most recent audited financial statements, to offset the negative premium resulting from the issuance of shares below par value."
At the time of writing, a share offering at a price below par value is subject to more constraints and conditions than usual as outlined in Law 54/2019/QH14 and most specifically Decree 155/2020/NĐ-CP (Article 17, 18, 44, and 45).
Most recent versions of the Law and associated Decrees and Circulars may apply.
ML77 & ML78 (Jun 28 2024): FINAL ANNOUNCEMENT
Statistics
A 3% B 42% C 37% D 8% F 10%
Top achievers
First 023 Nguyễn Đăng Ánh Dương
Second 087 Vũ Ngọc Yến
also Second 025 Vũ Hạ Huy Đan
ML125 (Nov 3rd 2022): Final results
Best students ranking
First Hoang Gia Huy
also First Nguyen Vu Phuc Huy
Statistics
A 2.9% B 30% C 25.7% D 31.4% F 10%
ML117 (Oct 18 2022): Final results
Best students ranking
First Nguyen Hoang Trieu Vo
Second Nguyen Hoang Thanh Thanh
also Second Huynh Minh Toan
Statistics
A 2.8% B 26.9% C 28.7% D 24.1% F 17.6%
ML115 (Jan 9 2021): FINAL RESULTS
Best student: Ho Phan Thanh Vy
Statistics
A 2% B 21% C 40% D 10% F 27%
ML115 (Nov 17 2020): Question from Mr. Nguyen Thai Duong: What's the difference between "customer's advance payments" (người mua ứng trước) and "unearned revenue" (doanh thu chưa thực hiện)?
Answer from the Department of Finance & the Department of Accounting
Both are liabilities, reflecting amounts received before a product or service is provided.
If the provision of a product or service is not certain, the amount is likely recorded as an advance payment. For example, Tuan Bach Inc. pays VND1 billion to Mai Linh Corp. for customized office furniture that is not yet produced.
If the provision of a product or service is of high certainty, especially for periodic transactions, the amount is likely recorded as unearned revenue. An example is when Tuan Back Inc. lends to Mai Linh Corp, and Mai Linh Corp. pays interest at the beginning of each year. Another example is when Mai Linh Corp. pays office rent to Tuan Bach Estate at the beginning of each year. In these examples, paying interest and rent are periodic transactions. When payments (interest, rent) are received, Tuan Bach has actually provided the loan and the office. Although Tuan Bach has not finished the process of providing the service (until the end of each year), transaction completion and thus future revenue recognition is mostly certain. These interest and rent payments are most often recorded as unearned revenue when received. Reference: Thông tư 200/2014/TT-BTC Hướng dẫn chế độ kế toán doanh nghiệp.
It should be noted that the recognition of a payment as either an "advance payment" or "unearned revenue" may depend on the accountant's discretion, as long as he/she can reasonably explain the choice within the accounting standards that apply. As "advance payment" and "unearned revenue" are liabilities of similar nature, the choice between the two is generally not a matter of materiality, and does not affect the decision making of the users of financial statements.