1. Why Businesses Look for The Best outsourced accounting services in Ho Chi Minh City
Ho Chi Minh City is the largest economic center in Vietnam, accounting for more than 23% of the country’s total GDP and attracting over 40% of new FDI projects annually (according to data from the Ministry of Planning and Investment). FDI enterprises and small and medium-sized enterprises in Ho Chi Minh City have to handle a dense volume of reports: monthly tax declarations, quarterly reports, annual financial reports according to VAS standards, along with obligations such as corporate income tax/personal income tax settlement and labor reports. The level of inspection and audit in Ho Chi Minh City is also higher than in many other provinces and cities, making the requirements for accuracy and compliance more stringent.
In that context, businesses seek accounting firms not only to “make reports”, but also to have a partner who has a deep understanding of Vietnamese Accounting Standards (VAS), and at the same time meets the need to prepare parallel reports for headquarters in Japan, Korea, the EU or the US. FDI enterprises often have to reconcile data between VAS and IFRS/J-GAAP/K-GAAP, so they need a team capable of handling exchange rate differences, classifying fixed assets, and recording prepaid expenses according to international standards. A suitable accounting firm helps enterprises reduce errors, limit tax penalty risks, optimize cash flow, and significantly reduce the administrative burden for internal departments.
2. Types of Accounting Firms Commonly Chosen in Ho Chi Minh City
The accounting services market in Ho Chi Minh City is diverse, serving more than 330,000 active businesses, from SMEs to large FDI corporations. Depending on the size, budget and complexity of the reports, businesses often choose between three main groups of providers, each with distinct advantages and disadvantages.
| Criteria | International Firms (Big 4 & Global) | Mid-Tier Firms | Boutique / Professional Firms |
| Ideal Clients | Large FDI corporations, multinational groups, IFRS reporting, mandatory audits | Mid-sized FDI companies, Vietnamese firms with complex transactions | SMEs, FDI startups, businesses needing flexible and cost-effective services |
| Representative Firms | Deloitte, PwC, EY, KPMG | Grant Thornton, RSM Vietnam, A&C | BDO Vietnam, boutique/non-Big firms (e.g., small approved audit firms) |
| Expertise | Strong in IFRS/J-GAAP/K-GAAP, globally standardized processes | Solid VAS + IFRS capability, strong in consolidated reporting and advisory | Industry-focused, strong practical accounting capabilities |
| Response Speed | Fast but structured; larger teams with layered review | Fast, more flexible client communication, good customer care | Fastest, direct work with senior team members, highly adaptable |
| FDI Handling Capability | Excellent, best fit for large global or regional FDI operations (high cost) | Very good for mid-sized FDI companies with structured operations | Suitable for new or simple FDI setups |
| Key Strengths | Global credibility, standardized reporting, highest reliability | Good balance of cost, quality, service | Flexible, cost-effective, highly personalized service |
| Notes on Representative Firms | Deloitte – strong in large FDI audits
PwC – comprehensive service line EY – long-established, strong advisory KPMG – wide presence (HN/HCMC/Da Nang) |
Grant Thornton – flexible, strong advisory
RSM – strong in outsourcing & mid-FDI audit A&C – top non-Big option for VN firms + mid-FDI |
BDO Vietnam – part of BDO global network, ideal for SMEs
Other boutique firms – suitable for startups, small FDI, custom service needs |
3. Why Vina TPT Is a Trusted Choice for International Companies
Vina TPT has become a preferred partner for many FDI enterprises in Ho Chi Minh City by offering a practical balance between local compliance expertise and the reporting expectations of overseas headquarters. As foreign-invested companies navigate increasingly strict tax regulations, frequent monthly and quarterly reporting cycles, and complex cross-border coordination, they need an accounting provider that is both technically reliable and agile enough to support their day-to-day operations. Vina TPT fits this need exceptionally well, especially for Japanese, Korean, Singaporean, and European investors establishing or expanding their presence in Vietnam.
Vina TPT stands out thanks to:
- Deep knowledge of VAS and international reporting standards
- Bilingual support in English and Japanese for smooth communication
- Flexible and comprehensive services covering bookkeeping, tax, payroll, and compliance
- An optimized cost structure specifically designed for FDI companies
4. Factors to Consider When Choosing an Accounting Firm in HCM
When selecting an accounting partner, businesses should evaluate:
- FDI experience and understanding of foreign-invested business operations
- Accuracy and timeliness of reports
- Multilingual support and clear communication
- Transparency of service scope and fees
- Responsiveness and reliability
Choosing the best outsourced accounting services in HCM ensures accurate reporting, full compliance, and peace of mind for your business operations.
Contact Vina TPT today to receive a complete accounting solution, optimize costs and ensure compliance for your business in Ho Chi Minh City!
