Lasted News, Company Formation

Good Business Ideas to Start in Vietnam: Company Setup & Profitable Opportunities

Posted on 02/12/202509/12/2025 by ASS

1. Current Market Trends Shaping Business Opportunities

Vietnam is becoming an attractive destination for setting up a company in vietnam thanks to its stable economic growth, young population and dynamic workforce. Consumer demand is growing, especially in the technology, services and retail sectors. The booming online market also opens up opportunities for e-commerce and logistics models, while the F&B and tourism industries continue to recover strongly after the pandemic.

In addition, the interest in health, education and high technology also creates many new opportunities. Businesses that exploit this trend can take advantage of rapid growth and sustainable profits in the long term.

2. Emerging Business Models for New Entrepreneurs

The emerging business models in Vietnam today are diverse, suitable for many types of entrepreneurs:

Retail & E-commerce: online sales, e-commerce platforms, dropshipping models.
Logistics services: transportation, warehousing, fulfillment for e-commerce.
Edu-tech: online learning platforms, skills training, specialized education.
High-tech & Startups: AI, IoT, blockchain, enterprise software applications.
Creative F&B: cafes, concept restaurants, organic food.
Production: agricultural processing, processing, industrial equipment manufacturing.
Tourism & Hospitality: experiential tourism, homestay, travel services.
Healthcare & Wellness: clinics, health care, fitness, spa.

These models are growing rapidly thanks to changing consumer needs and the acceptance of new technology in life.

START YOUR BUSINESS JOURNEY

3. Essential Steps to Legally Start a Company

To start a business in Vietnam legally, entrepreneurs need to fully comply with basic legal procedures. Doing it right from the beginning helps avoid legal risks, ensures smooth business operations and easy expansion later.

3.1 Choose a business type and register a business

The first step is to determine the type of business that is suitable for the business goals:

Single-member LLC: suitable for individual business owners or sole investors; limited liability, simple management.
Two-member LLC or more: from 2-50 members, limited liability, suitable for small investor groups.
Joint Stock Company (JSC): suitable for businesses that want to raise capital from many shareholders; suitable for startups or large projects.
Private enterprise: easy to establish, but the business owner has unlimited liability.

After choosing the type, the business needs to name the company uniquely and submit the business registration application to the Department of Planning & Investment. The company name must not be the same as that of registered businesses and must accurately reflect the field of operation.

3.2 Completing additional legal procedures

After registering a business, the enterprise needs to perform the following steps:

Registering a tax code (MST):
- Required for declaring VAT, CIT and PIT if there are employees.
- MST is the legal basis for conducting all tax transactions with the management agency.
Applying for necessary business licenses:
- Depending on the industry, some fields require sub-licenses such as F&B, logistics, education, and healthcare.
- The license dossier includes conditions on facilities, expertise, and related documents.
Opening a corporate bank account:
- Needed for financial transactions, obtaining charter capital and managing cash flow.
Complete other procedures:
- Hanging company signs, registering digital signatures, submitting initial tax reports.
- Ensuring that businesses fully comply with legal regulations from the beginning.

Fully implementing 3.1 and 3.2 helps businesses operate legally, reduce risks and easily develop long-term in the Vietnamese market.

4. Vina TPT as a Strategic Partner for New Businesses

Starting a business in Vietnam can be complicated, so working with a strategic partner like Vina TPT gives entrepreneurs peace of mind. Vina TPT provides a comprehensive solution from strategic consulting to company registration, including:

Choosing the right type of business.
Submitting business registration documents to the Department of Planning & Investment.
Applying for necessary sub-licenses according to the industry.
Instructions on tax management and proper declaration.

Starting a business in Vietnam becomes easier and safer with Vina TPT, a strategic partner providing comprehensive solutions.

BOOK A FREE CONSULTATION

Lasted News, Company Formation

Top 20 Sectors for Business Opportunities in Vietnam

Posted on 25/11/202510/02/2026 by ASS

1. Why Vietnam Is a Hotspot for Business

Business opportunities in Vietnam are abundant as the country emerges as one of Southeast Asia’s most attractive investment destinations, thanks to its consistent GDP growth, rapidly expanding middle class, and strong push toward industrialization. Major cities such as Ho Chi Minh City, Hanoi, Da Nang, and Hai Phong are witnessing rising consumer demand across multiple sectors, creating fertile ground for new business models and foreign startups.

FDI inflows continue to surge, with Vietnam recording one of its highest investment levels in recent years. This momentum is drawing businesses from Japan, South Korea, Singapore, the US, India, and beyond, all seeking opportunities in a market that is young, dynamic, and full of untapped potential.

In the following sections, we’ll explore key industries currently experiencing strong growth – helping foreign entrepreneurs identify where the most promising opportunities lie.

EXPLORE BUSINESS OPPORTUNITIES IN VIETNAM

2. Most Profitable Sectors to Consider

When considering business opportunities in Vietnam, investors should focus on industries with high profit potential, strong market demand and sustainable development trends. Below are 20 prominent industries:

F&B: The food and beverage industry is still leading thanks to strong consumer demand, especially for restaurant, cafe and fast food chains under the franchise model. The market is oriented towards experience, quality and service, bringing stable profits to investors.
Retail: Traditional retail and e-commerce are growing rapidly thanks to the expanding middle class and increasingly popular online shopping habits. Convenience store models, specialty stores and e-commerce are creating high-profit opportunities.
Logistics and Supply Chain: Vietnam is becoming an export manufacturing hub, leading to a large demand for warehousing, transportation and fulfillment for e-commerce. The trend of investing in smart logistics and automated warehouses is prominent.
Education & Training: Foreign language centers, soft skills training, STEM and e-learning are growing strongly, especially with startups targeting Gen Z and the FDI market.
Tech Startups: Fintech, healthtech, applications and enterprise software are global investment trends, with high profit potential thanks to the ability to expand rapidly and integrate new technologies.
Tourism & Hospitality: The tourism and hospitality industry has recovered strongly after the pandemic, especially experiential services, homestays and high-end resorts.
Healthcare & Wellness: International clinics, health care, spas and fitness meet the growing needs of the middle class.
Renewable Energy: Solar power, wind power and clean energy solutions are prioritized by investment incentives, while meeting global sustainability trends.
Real Estate & Property Management: Apartments, urban areas, offices for rent and logistics real estate are increasing in price thanks to high demand for housing and commerce.
Manufacturing & Supporting Industries: Manufacturing components, mechanics, household appliances for FDI and export, in line with preferential policies and supply chain connections.
Automotive & Mobility: Electric vehicles, repair services, logistics and auto parts following the green transformation trend and government support mechanisms.
Agriculture & Agritech: Clean agricultural products, food processing, agricultural technology solutions to increase productivity and meet export needs.
Consumer Electronics: Smart home appliances, smartphones and laptops with a dynamic young market that easily accepts new technology.
Beauty & Cosmetics: Spa, imported cosmetics and skincare are growing strongly thanks to the need for personal beauty and international service standardization.
Fashion & Apparel: Clothing, children’s fashion, online fashion to meet the trend of personalization and online shopping.
Media & Entertainment: Digital content, movies, games, podcasts are booming thanks to the online entertainment habits of young people.
Financial Services: Fintech, electronic payments, personal and business financial management following the digital trend.
Professional Services: Law, accounting, management and tax consulting to meet the growing needs of FDI enterprises and startups.
Green Construction: Environmentally friendly construction materials, smart homes following the sustainable and energy-saving trend.
Food Processing & Export: Food processing, export of specialty agricultural products according to international standards, taking advantage of abundant raw materials and FDI investment in export.

These industries not only bring attractive profits but also suit modern consumption trends, opening up long-term opportunities for investors who know how to grasp the market and combine business strategies in the right direction.

3. Challenges New Investors Must Anticipate

Despite Vietnam’s strong potential, new foreign investors still face two major challenges: legal complexity and language barriers.

FDI enterprises must navigate stricter procedures in company registration, business licensing, and tax compliance, while differences in language and legal interpretation often slow down operations or create unnecessary risks.

However, with Vietnam’s commitment to international integration, investors are not alone. The market now has many professional corporate advisory and legal-compliance service providers that can support businesses from day one especially those able to work fluently in English and understand the expectations of foreign founders.

Vina TPT Accounting Service is one of the trusted partners in this space, offering end-to-end support in company formation, accounting, financial reporting, and compliance for FDI enterprises. This ensures investors can enter the market smoothly, stay compliant, and focus on growing their business.

4. Strategic Approaches to Enter These Sectors

When entering the Vietnamese market, foreign investors can choose several effective approaches such as setting up a 100% foreign-owned company, partnering with local businesses, franchising, or pursuing M&A. Each option offers different levels of control, speed, and market access but all require strict compliance with Vietnam’s legal and licensing framework.

To avoid delays and risks, many investors rely on professional business formation and compliance partners. Vina TPT Business Formation supports foreign businesses with investment registration, company establishment, accounting, and licensing procedures, helping investors start operations quickly, stay compliant, and focus on growth.

5. How Vina TPT Supports Smart Market Entry

Vina TPT provide a full range of services:

Consulting on suitable investment and company structure
Preparing all legal documents for foreign investors
Company registration and obtaining required business licenses
Accounting, tax, and compliance support for FDI businesses
Ongoing advisory to ensure smooth and lawful operations in Vietnam

Turn Vietnam’s top business opportunities into real results.

Partner with Vina TPT Business Formation for fast, smooth, and compliant market entry.

Ready to expand to Vietnam? Explore our business setup services

Company Formation

Open Business Bank Account in Vietnam for Foreign-Invested Enterprises (FDI)

Posted on 12/11/202505/02/2026 by SEN

How to Open Business Bank Account in Vietnam for FDI: Step-by-Step Guide

Are you a foreign investor setting up an FDI company in Vietnam? Opening a business bank account is not just the first essential step—it’s a legal requirement to manage investment capital and daily operations. This comprehensive 2025 guide walks you through every stage, from document prep to account activation, based on the Investment Law 2020 and Enterprise Law 2020. Let’s get your open best business bank account for LLC or corporation up and running—fast and compliant.

1. Why Foreign Investors Need to Open Business Bank Account in Vietnam

Opening business bank account in Vietnam is critical for FDI compliance and financial transparency. The State Bank of Vietnam (SBV) mandates that all FDI entities maintain dedicated accounts to contribute charter capital and conduct international transactions. This protects assets and enables legal profit repatriation. Here’s why it matters.

Strategic Importance

Efficient foreign exchange management: Seamlessly transfer funds globally and access offshore loans.

Financial transparency: Track expenses, taxes, and annual audits with ease.

Build credibility: A dedicated account boosts trust with partners and Vietnamese authorities.

Flexible profit repatriation: Move earnings abroad after tax obligations—via the right account.

The Two Essential Accounts

FDI companies must open two core accounts:

Direct Investment Capital Account (DICA) – for capital contributions.

Current Account – for daily operations.

DICA is opened first and is non-negotiable for receiving registered capital.

2. Step-by-Step Guide to Open Business Bank Account

The process typically takes 1 week, depending on the bank and document readiness. We break it into four logical phases: Preparation, Bank Selection, Submission, and Activation—all aligned with the Banking Law 2010 and 2025 forex rules.

Phase 1: Pre-Registration Requirements

Complete business registration before approaching any bank.

Legal Entity Establishment

Investment Registration Certificate (IRC) – for the investment project.

Enterprise Registration Certificate (ERC) – for company setup.

Secure a tax code and enterprise code.

Prepare valid passport and visa for the legal representative.

Capital Commitment

The capital amount stated in the IRC must be fully contributed within 90 days of ERC issuance. The bank opens a DICA to monitor inflows—ensuring SBV compliance.

Example: If registered capital is $100,000, the full amount must enter the DICA before the deadline.

Phase 2: Choosing Your Bank Wisely

Choosing the best business bank account impacts fees, speed, and English support. Prioritize institutions with proven FDI experience.

Key Selection Criteria

FDI expertise: Banks that have processed thousands of DICA openings.

Low forex fees: Competitive VND/USD conversion rates and free large transfers.

English digital banking: 24/7 mobile apps for international wires.

Branch network: Presence in Ho Chi Minh City, Hanoi, and Da Nang.

Top Recommendations (2025)

HSBC & Standard Chartered: Best for global FDI—fast forex, full English support.

Vietcombank & BIDV: State-owned, low fees, strong local DICA experience.

Tip: Consider ACB, UOB, or VietinBank for additional best business bank account options.

Phase 3: Documentation and Submission

This is the core phase. All documents must be notarized or translated into Vietnamese if required.

Mandatory Document Checklist

Document	Requirement
Investment Registration Certificate (IRC)	Notarized copy
Enterprise Registration Certificate (ERC)	Notarized copy
Account Opening Resolution (Board-approved)	Original, signed by legal rep
Passport & visa of legal representative	Notarized copy
Proof of company address (lease agreement)	Notarized copy
Chief Accountant / Finance Manager details	Original (if applicable)
Specimen signature & company seal	Original

Note: Requirements follow SBV guidelines and may vary slightly by bank.

Power of Attorney (POA)

If the legal representative cannot sign in person, a notarized POA (at a Vietnamese notary or consulate) is required. It must explicitly authorize account opening and management.

Phase 4: Account Activation and Initial Deposit

Banks review applications in 3–7 days. Once approved:

Transfer capital from abroad into the DICA.

Activate online banking and access rights.

Set up transaction alerts for forex monitoring.

Capital Contribution Deadline

Per the Investment Law, full capital must arrive within 90 days of ERC issuance. Late contributions risk VND 10–50 million fines or license revocation. Banks report violations to the SBV.

3. Understanding the Two Mandatory Account Types for FDI

FDI firms must maintain separate accounts under SBV forex rules. This ensures transparency and prevents misuse of investment capital.

3.1 Direct Investment Capital Account (DICA)

A dedicated account for direct investment, opened in the currency registered in the IRC (usually USD or VND).

Purpose and Permitted Transactions

Receive capital contributions from foreign investors.

Accept international loans.

Repatriate profits and dividends (post-tax).

Repay foreign debt.

Strict Compliance Rules

Every DICA transaction requires supporting documents (invoices, loan agreements). Violations may trigger account freezes under Decree 88/2019/ND-CP.

3.2 Current Account (Operating Account)

Opened after DICA and linked to it—for daily business spending.

Purpose and Permitted Transactions

Pay salaries and VAT.

Purchase local goods and services.

Receive payments from Vietnamese clients.

Make VND domestic transfers.

Interplay Between Accounts

Funds flow one-way only: DICA → Current Account. Reverse transfers are prohibited to protect investment capital.

Bonus: You may open additional accounts (e.g., payroll, project, escrow, or multi-currency) based on operational needs.

4. Common Challenges and Expert Solutions

Based on 2025 FDI consulting experience, here are frequent hurdles—and how to solve them.

Challenge 1: Foreign Currency Management

Risk: VND/USD rate fluctuations erode profits.

Solution: Open a parallel foreign currency account with DICA. Use HSBC’s hedging tools to lock rates. Monitor daily SBV conversion limits.

Challenge 2: KYC/AML Delays

Risk: Incomplete Ultimate Beneficial Owner (UBO) data extends review by 2–4 weeks.

Solution: Submit UBO passports and financial history early.

Challenge 3: Legal Representative Changes

Risk: Delays in updating DPI and bank records.

Solution: File updated resolution + new POA. Takes 5–10 days.

Challenge 4: Profit Repatriation

Risk: Complex documentation delays transfers.

Solution: Prepare audited financials, tax clearance from the Tax Department, and route via DICA. Processing: 15–30 days (Circular 19/2014/TT-NHNN).

5. Value-Added: Comparison of Top Banks for FDI (2025)

Bank	DICA Opening Fee	English Support	Processing Time	FDI Experience
HSBC	Free	High	3–5 days	Excellent (Global)
Standard Chartered	Low	High	4–7 days	Strong
Vietcombank	Free	Moderate	5–10 days	High (Local)
BIDV	Low	Moderate	7–14 days	Good

6. Simplify the Process with Vina TPT Accounting Services

As a leading provider of accounting, tax, and FDI consulting in Vietnam, Vina TPT Accounting Services has supported over 200 foreign companies in compliant financial setup—including opening business bank accounts, VAT/PIT/CIT reporting, and multinational HR.

Our all-in-one support includes:

Bank selection advisory: Match HSBC, Standard Chartered, or Vietcombank to your capital and forex needs.

Full document preparation & verification: IRC, ERC, POA, signatures—100% notarized and compliant.

Proxy submission & KYC follow-up: Reduce approval time to 3–5 business days.

Capital contribution guidance: Ensure 90-day compliance and avoid penalties.

Special: Open DICA + Current Account simultaneously with instant English online banking.

Contact Vina TPT now for consultation on opening a business bank account

Accounting & Tax, Business Knowledge, Company Formation, Finance & Accounting Knowledge, Lasted News

Financial statement preparation and compliance in 2025 for Japanese firms

Posted on 05/11/202510/11/2025 by ASS

1. Why 2025 Brings New Financial Reporting Challenges for Japanese Companies in Vietnam

2025 is considered an important milestone for Japanese enterprises operating in Vietnam. The constant change in tax and accounting policies, especially the regulations on Value Added Tax (VAT) and Corporate Income Tax (CIT), makes the preparation of financial statements more complicated and requires higher accuracy than ever.

For foreign-invested enterprises (FDI), especially Japanese enterprises, annual financial statements must be independently audited before being submitted to the tax authorities. This process requires early preparation, data must be complete, clear and can be easily compared with the accounting system at the headquarters in Japan. Compared to domestic enterprises, Japanese companies often spend more time on the comparison, consolidation and review stages, especially when there are differences between Vietnamese and Japanese accounting standards.

2. Key Financial Reports Every Japanese Firm Must Prepare

In Vietnam, all enterprises, especially foreign-invested enterprises (FDI), must prepare a complete set of financial statements according to Vietnamese Accounting Standards (VAS). This set of reports is not only a legal requirement to submit to tax authorities and independent auditors, but also a basis for Japanese enterprises to consolidate financial data with their headquarters in Japan.

The three core reports include: Balance Sheet, Income Statement, and Cash Flow Statement.

Compared to J-GAAP (Japanese Generally Accepted Accounting Principles), VAS has some important differences that Japanese enterprises should note. For example, VAS requires depreciation of fixed assets according to the fixed time frame of the Ministry of Finance of Vietnam, while J-GAAP allows more flexibility based on the actual economic life of the asset. In addition, VAS recognizes revenue when ownership is transferred, not when invoices are issued as in some cases in Japan. Regarding consolidated reporting, VAS applies a different calculation method for minority interests and exchange rate differences than the Japanese standard, so if not adjusted in time, the data when consolidated to the parent company can be significantly different.

Therefore, during the financial statement preparation stage, Japanese companies often have to maintain two sets of data in parallel, one according to VAS standards to serve legal obligations in Vietnam, and one according to J-GAAP to serve the consolidated reporting to the head office. Handling this dual standard requires great care, in-depth understanding of both accounting systems, and close coordination between the internal accounting team, auditors, and consulting units such as Vina TPT Accounting service.

3. Common Pitfalls in Year-End Financial Reporting

When it comes to preparing and submitting financial statements, many Japanese companies in Vietnam often encounter systematic errors that affect the auditing and tax compliance process.

3.1. Consolidation Differences Between Vietnam and Japan

One of the most common issues is the difference in financial statement consolidation between the branch in Vietnam and the headquarters in Japan. Vietnamese Accounting Standards (VAS) have many differences compared to J-GAAP, especially in handling exchange rate differences, classifying fixed assets and recording prepaid expenses.

According to i-Glocal’s analysis (2024), many Japanese FDI enterprises often have to prepare separate financial statements and consolidated reports in parallel, making the data reconciliation process complicated and prone to errors.

3.2. Lack of Valid Expense Documentation

Another common error is the lack of valid documents for deductible expenses. The 2023 report of the General Department of Taxation of Vietnam shows that more than 30% of tax inspection reports of FDI enterprises are related to invalid invoices, documents or incorrect accounting of deductible expenses.

These errors often lead to adjustments to taxable profits, collection of corporate income tax (CIT) and late payment penalties, directly affecting the reputation and financial planning of the parent company.

3.3. Exchange Rate Handling Issues

The handling of exchange rates is also a cause of discrepancies in financial statements. According to Circular 200/2014/TT-BTC, enterprises must use the actual exchange rate at the time of the transaction and prepare financial statements in Vietnamese Dong (VND).

However, many Japanese companies still use internal exchange rates according to Japanese accounting standards, leading to discrepancies when preparing reports to send to Vietnamese tax authorities, especially in the handling of foreign currency revenue and expenses.

3.4. Late Audit Submission and Transparency Requirements

Some Japanese enterprises in Vietnam also have problems submitting audit reports on time or not meeting financial transparency requirements. According to Vietnam Briefing (2024), all FDI enterprises must complete independent audits and submit financial reports within 90 days of the end of the fiscal year.

If the report is submitted late or does not meet standards, the enterprise may be subject to administrative fines, restricted from repatriating profits and face difficulties in renewing its investment license.

These risks not only increase compliance costs, but also directly affect the reputation and progress of consolidated reporting in Japan. Therefore, Japanese enterprises need to focus on controlling documents, complying with VAS and preparing financial records from the beginning to avoid being passive during the audit period.

In summary, full compliance with Vietnamese Accounting Standards (VAS) and financial statement regulations not only helps Japanese enterprises ensure financial transparency and accuracy, but also minimizes tax and audit risks. Proactively reviewing periodically and coordinating with professional accounting units in Vietnam is an important step to maintain stability in financial management and strengthen trust with Japanese management agencies and partners.

EXPERT YEAR-END FINANCIAL REPORTING SUPPORT

4. Outsourced Bookkeeping: The Smart Way to Stay Compliant

Faced with a large volume of accounting work and strict compliance requirements, more and more Japanese enterprises in Vietnam choose outsourced bookkeeping instead of maintaining an in-house accounting team. This solution helps save on personnel costs, ensures accuracy in reporting, and easily coordinates with auditors and tax authorities. Vina TPT Accounting service provides a complete outsourced bookkeeping service exclusively for Japanese enterprises, including: bookkeeping, preparing bilingual financial statements (English – Japanese – Vietnamese), and reviewing data before auditing. Vina TPT’s outstanding strength is its team of experts who can communicate fluently in Japanese, understand Japanese accounting standards (J-GAAP) and Vietnamese regulations (VAS), helping customers easily exchange, compare and consolidate financial data.

5. How Vina TPT Supports Japanese Firms for 2025 Compliance

Entering 2025, when the demand for financial transparency is increasing, Japanese enterprises need a partner who not only does accounting but also accompanies them throughout the entire compliance process.

Vina TPT Accounting service provides comprehensive solutions including:

Preparing and reviewing bilingual financial statements (Japanese – Vietnamese): ensuring easy to understand, accurate and ready for audit.
Consulting on consolidated reports for Japanese corporations: supporting data conversion from VAS to J-GAAP or IFRS.
Consulting and coordinating audits: working directly with independent auditors, helping to reduce review time and limit post-audit adjustment risks.
Monitoring and updating the latest tax – accounting policies: ensuring reports are always in compliance with the regulations of the Ministry of Finance of Vietnam.

With a team of experienced accountants and auditors fluent in three languages (Japanese, English, Vietnamese), Vina TPT helps Japanese enterprises in Vietnam maintain a transparent accounting system, comply with and optimize operating costs in accordance with international standards and Vietnamese law.

For comprehensive advice on financial statement preparation, auditing and tax compliance solutions in 2025, contact VinaTPT.

BOOK A FREE CONSULTATION

Company Formation, Business Knowledge, Lasted News

Business setup and operational licensing for Chinese hotpot and bubble tea chains in Vietnam

Posted on 05/11/202515/04/2026 by ASS

1. Why Chinese Hotpot and Bubble Tea Chains Are Eyeing Vietnam Now

In recent years, Vietnam has become a top attractive destination to register a company in the fields of hotpot and bubble tea chains from China. This attraction comes from the impressive growth rate of the F&B market, the strong expansion of the middle class, and the experiential consumption trend of Gen Z in large cities such as Ho Chi Minh City, Hanoi and Da Nang.

According to a report by Vietnam Briefing (2024), the scale of the food service industry in Vietnam has reached 688.8 trillion VND, equivalent to about 27.3 billion USD, an increase of 16.6% compared to the previous year. Similarly, research by iPOS.vn and Nestlé Professional shows that the Vietnamese F&B industry will maintain a growth rate of about 9.6% per year in the period 2024-2025. Looking further ahead, Mordor Intelligence estimates that the Vietnamese food-service market will reach a size of 41.22 billion USD by 2030, with an average growth rate of 10.7%/year.

These figures clearly reflect the huge potential of the Vietnamese culinary industry, where the demand for dine-out and chain models is growing. With advantages in raw material supply, reasonable premises costs and a young population that loves to experience, Vietnam is becoming a “golden land” for hotpot and bubble tea brands from China.

However, opportunities always go hand in hand with challenges. To be successful, brands not only need to understand the procedures for registering a company or the company formation process, but also need to deeply understand local culinary culture, taste and consumer behavior, key factors that help turn the market boom into a sustainable advantage.

2. The Real Challenge: Localization, Not Just Licensing

Many Chinese brands entering Vietnam face difficulties not in licensing, but in adapting to the market (localization).

Vietnamese people prefer lighter, less spicy, less greasy tastes compared to Chinese cuisine. In addition, rental costs in central areas are increasing rapidly, while requirements for experience space, especially for high-end hotpot models, are increasingly strict.

Human resources to operate a chain of many branches is also a big challenge. Chinese brands inherently have a methodical process, but when applied in Vietnam, they need to standardize training, quality control and service processes to ensure consistency.

Therefore, licensing is just the tip of the iceberg. The bigger problem lies in adapting the operating model to suit the consumer culture and legal environment in Vietnam.

3. Choosing the Right Entry Model: Direct Ownership vs. Master Franchise

Before starting to register a company, investors need to determine the market penetration model. There are two popular strategies:

Direct Ownership (Self-investment and operation)

Advantages: Full control over the brand, product quality and customer experience.
Disadvantages: High investment costs, longer time to apply for licenses and set up operations.
Suitable for: Large brands that want to build a high-end image, create the first flagship store in Vietnam.

Master Franchise (Regional franchising)

Advantages: Helps brands expand quickly, reduce financial risks and take advantage of local networks.
Disadvantages: Requires a clear mechanism for quality monitoring, training and profit sharing.
Suitable for: Bubble tea chains or fast-casual hotpots that want to quickly cover the market.

In fact, many Chinese brands have chosen to combine both models: opening the first store directly to control the image, then franchising to expand to other provinces and cities.

Whichever direction is chosen, investors need to follow the company formation process and comply with the legal regulations on franchise business in Vietnam – including registering the franchise contract with the Ministry of Industry and Trade and periodically declaring taxes.

GET EXPERT GUIDANCE ON ENTRY MODELS

4. Building a Compliant but Scalable Operation

For hotpot or bubble tea chains to expand sustainably in Vietnam, building a legal foundation and licensing right from the beginning is a vital factor. Many international F&B brands have encountered difficulties when developing in Vietnam not because of their products or marketing strategies, but because they have not established a tight legal and operational system from the beginning. When starting a business in Vietnam, F&B businesses need to complete the following procedures:

Investment Registration Certificate (IRC) if there is a foreign capital element.
Enterprise Registration Certificate (ERC) to legally establish a company in Vietnam.
Registering conditional business codes: including food and beverage (5610), food processing (1079), and beverages (4722).

The estimated time for completion is:

Document preparation: 1-2 weeks, depending on the volume of documents and the level of complexity.
IRC appraisal: 20-45 working days.
ERC issuance: 10-20 working days after IRC (or similar if the enterprise is a domestic enterprise).

Applying for “sub-licenses” (operational licenses) including:

Food Safety Certificate.
Fire prevention and fighting license for each facility.
Alcohol sales license (if any).
Registering environmental and labor hygiene according to the scale of the restaurant.

These licenses are issued by different agencies (Department of Finance, Department of Food Safety, Fire Police…), so it requires smooth coordination in the documents.

5. Your Strategic Next Step

As the Vietnamese F&B market is entering a period of fierce competition, having a consulting partner with a good understanding of the local legal and business environment will not only help businesses “open a shop”, but also “build a sustainable brand”. This is the value that Vina TPT company registration brings to F&B chains from China.

With more than 20 years of experience in registering a company and consulting on company formation for foreign businesses, Vina TPT has a deep understanding of each stage that a brand must go through – from the initial market survey, choosing an investment model, to completing legal documents and implementing chain operations.

Vina TPT’s team of experts not only handles administrative procedures, but also accompanies businesses as strategic advisors, helping them:

Consulting on suitable legal models: choosing between 100% foreign capital, joint ventures, or franchise business to optimize control and cost advantages.
Set up a complete investment profile & business registration package: prepare all IRC, ERC documents, register conditional industry codes for F&B, and apply for operating licenses.
Ensure compliance with local regulations: detailed guidance on tax, accounting, human resource management, and standardize operating procedures to meet inspection and testing requirements.

With professional support from Vina TPT company registration, businesses no longer have to worry about legal risks or complicated procedures – instead, they can focus all their efforts on developing their brand, improving customer experience and expanding market share in one of the most dynamic F&B markets in Southeast Asia.

Let Vina TPT become your strategic partner to help you start your business journey in Vietnam legally, effectively and sustainably.

CONTACT YOUR EXPERTS

Company Formation, Business Knowledge, Lasted News

Understanding Vietnam’s licensing requirements for premium F&B concepts from America

Posted on 05/11/202523/01/2026 by ASS

1. Finding Your Market Fit Before Registering a Company in Vietnam

Vietnam is becoming an attractive destination for international F&B brands, especially high-end models from the US. However, before starting the company formation process, investors need to clearly understand local consumer behavior and culinary trends in major cities such as Ho Chi Minh City, Hanoi, and Da Nang.

Unlike the US market, Vietnamese customers have a strong differentiation between high-end and mass consumer groups. Therefore, determining brand positioning such as casual dining, premium restaurant, or street concept, plays a decisive role in choosing an investment model. Careful research helps businesses avoid opening in the wrong segment, reducing financial risks when operating the first store.

2. Choosing the Right Business Model for Your F&B Chain

Not all models are suitable for Vietnamese regulations. American brands can choose three main directions:

100% foreign-owned companies: proactively manage the brand, ensure consistent quality, but the legal process is more complicated.
Cooperating with local partners: helps shorten the time to penetrate the market, but requires a clear brand and financial control mechanism.
Franchising: suitable for brands with a reputation, but requires the franchise contract to be legally registered with the Ministry of Industry and Trade.
Mergers & Acquisitions (M&A): For investors seeking a faster route, acquiring an existing Vietnamese F&B company can be highly effective. However, this approach demands thorough due diligence, including legal, financial, and operational assessments to ensure compliance and minimize hidden risks.

The choice of model directly affects the type of legal entity when performing company registration services as well as the tax structure, licenses and initial investment costs.

SELECT THE BEST BUSINESS STRUCTURE IN VIETNAM

3. Company Registration Services That Simplify Expansion

Registering an F&B company in Vietnam requires careful legal preparation. Investors need to complete the investment certificate (IRC) – if there is foreign capital, and enterprise registration certificate (ERC).

The F&B sector in Vietnam belongs to the group of “conditional” industries, which means that after being granted an ERC, businesses cannot operate immediately but need to register additional related industry codes:

Code 5610: Restaurant and catering services.
Code 5629: Other food and beverage services.
Code 4632: Wholesale of food and beverages.
Code 4722: Retail sale of food in specialized stores.

Registering the correct industry code helps businesses to conveniently apply for sub-licenses such as Food Safety Certificate, Fire Prevention and Fighting License, Alcohol and Beer Sales License, etc.

To ensure the business establishment process is quick and in compliance with regulations, international F&B brands should cooperate with a professional company registration service provider. This solution helps shorten the multi-step legal process, ensures accurate records and completes procedures on time.

Vina TPT company registration service helps businesses shorten the time, prepare documents according to FDI standards, and ensure compliance with all licensing regulations in Vietnam.

4. Licensing and Compliance: What F&B Investors Often Miss

Many international F&B brands fail in Vietnam not because of poor products, but because they do not understand the Vietnam F&B market licensing requirements. To operate legally, businesses need:

Food Safety License for processing or serving locations.
Fire prevention and fighting license for each facility, issued after completing technical acceptance.
License to sell wine, beer or alcoholic beverages if they are on the list of conditional businesses.
Environmental and labor hygiene license, especially for large-scale processing facilities.

Missing one of these licenses can result in a business being suspended or being fined. Preparing all documents and complying from the beginning helps the inspection, acceptance and licensing process go smoothly, while also building a professional brand image in the eyes of Vietnamese management agencies.

5. Building a Scalable System: HR, Tax & Operations

As the F&B chain expands, the management problem becomes more complicated. Investors need to have a tightly operating human resource (HR), tax and accounting management system. Vietnam requires businesses to declare taxes monthly, finalize taxes annually and comply with regulations on accounting for FDI enterprises.

Setting up an internal ERP system and cooperating with a local consulting unit helps businesses minimize fixed costs, while controlling financial activities, profits, and tax obligations. In addition, good compliance with business license tax and regulations on electronic invoices helps businesses avoid the risk of being subject to surprise inspections.

6. Partnering with Experts Like Vina TPT to Go Further

Instead of handling dozens of administrative procedures and legal regulations themselves, many international F&B brands choose Vina TPT company registration service as their strategic partner in Vietnam.

With a team of experts with numerous experience in the field of business registration, investment consulting and F&B licensing, Vina TPT provides full support from company formation, FDI dossier preparation, operating license to accounting and tax after establishment.

Vina TPT experts not only understand Vietnamese regulations, but also have experience supporting many American and Japanese brands to successfully deploy premium dining models. This helps investors focus on the core, customer experience and brand development, instead of wasting time on administrative procedures.

Start successfully in the Vietnamese market today by contacting Vina TPT now!

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Company Formation, Lasted News, Legal News

Company registration service for Japanese mechanical manufacturing

Posted on 03/11/202514/04/2026 by ASS

1. Vietnam – A Strategic Base for Japanese Mechanical Manufacturers

Register a company in Vietnam has become increasingly appealing, as the country has emerged over the past decade as a new manufacturing hub in Asia, particularly attractive to Japanese mechanical engineering companies. The reasons come from reasonable operating costs, highly skilled technical human resources and a favorable geographical location for connecting the regional supply chain. In addition, the Vietnamese government has also implemented many tax incentives and infrastructure support policies to attract FDI, especially in the field of mechanical engineering and supporting industries.

For Japanese enterprises, setting up a business in Vietnam not only helps reduce costs but also expands access to the ASEAN market, while maintaining production quality according to Japanese standards. This is the reason why more and more mechanical corporations choose Vietnam as a strategic production base in Southeast Asia.

2. Legal Requirements to Register a Mechanical Manufacturing Company

To register a mechanical manufacturing company in Vietnam, businesses need to carry out some important legal procedures:

2.1 Investment Registration Certificate (IRC) if there is foreign capital.

IRC is the first license allowing the investor to implement the project in Vietnam.

The required documents usually include:

Application for investment project implementation and Project proposal: stating the objectives, scale, location, investment capital, progress.
Proof of the investor’s financial capacity: bank statement, credit contract or collateral.
Legal documents of the investor:
- Individual: Notarized passport, consular legalization.
- Organization: Business registration certificate or equivalent document, consular legalization.
Project location: lease contract or land/office use rights certificate.

After the IRC is granted (or for 100% domestic-owned enterprises), the investor applies for an ERC – an official license for the enterprise to operate, and also the tax code of the company.

2.2 Enterprise Registration Certificate (ERC) at the Department of Finance.

The ERC dossier usually includes:

Application for enterprise registration.
Company Charter: stipulates the organizational structure, powers of members/shareholders, capital ratio and management method.
List of members/shareholders and legal representatives: clearly state information, ownership ratio, voting rights.
Appointment decision and authorization letter (if any).
Capital contribution plan & financial evidence: bank statement or credit contract (especially important for large capital projects).

For the mechanical industry, some activities such as heavy metal processing, precision mechanical equipment manufacturing or industrial machinery assembly may require additional specialized licenses or technical safety certificates.

Using a professional service to register a company helps investors avoid legal errors and ensures that documents are processed in accordance with the regulations of Vietnamese authorities.

3. Site Selection and Industrial Licensing for Manufacturing Facilities

Choosing a factory location is one of the most important strategic decisions when Japanese mechanical enterprises register a company in Vietnam. A suitable location not only affects the initial investment cost but also determines production efficiency and future expansion.

In terms of location, northern regions such as Bac Ninh, Hai Phong, Hung Yen have the advantage of being close to seaports, convenient for exporting to Japan and ASEAN. Meanwhile, southern regions such as Binh Duong, Dong Nai, Long An have good industrial infrastructure and support services, suitable for domestic supply chains. In addition to land rental costs, businesses also need to consider the ability to recruit technical workers – industrial parks near training centers in Hanoi or Ho Chi Minh City help reduce personnel costs.

Investment incentives are also a factor worth considering: corporate income tax exemption for the first 2-4 years, 50% reduction in the following years, support for infrastructure costs or land rental. Many localities also have their own promotion programs for Japanese investors.

After selecting a location, businesses must complete the factory operation licenses, including:

Construction license according to the approved industrial park planning.
Environmental impact assessment (EIA) report according to regulations of the Ministry of Natural Resources and Environment.
Certificate of safety of machinery and equipment, especially for imported mechanical lines.
Fire safety certification, ensuring safety systems and labor standards.

Completing all these procedures helps businesses operate legally, avoid interruptions in the production process and facilitate future expansion or investment incentives.

4. Understanding Vietnam’s Regulatory Standards for Mechanical Production to Register a Company

For Japanese mechanical enterprises, establishing a factory in Vietnam involves not only investment and location but also compliance with local technical, safety, and quality standards, a key factor to maintain reputation and meet global requirements.

4.1. Technical Standards System

Vietnam applies two main groups of standards:

TCVN (Vietnam National Standards): Recommended standards based on ISO and JIS, used to control quality and production processes.
QCVN (Technical Regulations): Mandatory standards on safety, emissions, and energy use. Non-compliance can lead to fines or suspension.

For export-oriented firms, applying ISO 9001, ISO 14001, ISO 45001, and JIS standards ensures product quality equivalent to factories in Japan.

4.2. Equipment Inspection and Product Certification

All imported machinery are CNCs, lathes, welding, or lifting equipment, and must pass technical safety inspections before operation. Products supplied to FDI projects or exports require CR/CQ certificates, and some industries also need IATF 16949 certification.

Proactive inspection and certification reduce technical risks and enhance global competitiveness.

4.3. Environmental and Workplace Safety

Mechanical factories must install air, wastewater, and waste treatment systems meeting national standards. Enterprises also need regular safety training, inspection of lifting equipment and electrical systems, and proper protective gear.

Strict compliance not only fulfills legal requirements but reflects the Japanese values of safety, discipline, and quality.

4.4. Advantages of Japanese Enterprises

By maintaining JIS or Kaizen-5S management models, Japanese enterprises can:

Transfer technology easily
Build trust with authorities and partners
Access programs from JETRO, JBIC, and Vietnam-Japan cooperation projects

This foundation supports stable, long-term investment with optimized costs and minimal legal risk.

5. How Vina TPT Company Registration Service Simplifies the Setup Process

In the context of the increasingly complex Vietnamese legal system, register a company for foreign enterprises, especially in the mechanical field, requires in-depth knowledge of investment, accounting, tax and technical standards. Vina TPT company registration service was established with the mission of supporting foreign investors, especially Japanese enterprises, to set up business operations in Vietnam quickly, legally and effectively.

Vina TPT provides comprehensive solutions for the process of setting up a business in Vietnam, including:

Consulting on investment strategies and choosing a business model suitable for the scale of mechanical production.
Preparing documents and applying for an Investment Registration Certificate (IRC) and Enterprise Registration Certificate (ERC) according to the provisions of the Investment Law and the Enterprise Law.
Consulting on construction permits, environmental permits, equipment safety certificates and mechanical factory operation procedures.

Thanks to a closed service system, Vina TPT helps Japanese enterprises save maximum time, reduce legal risks and ensure the factory launch progress on schedule.

The biggest difference of Vina TPT company registration lies in the team of experts with over 20 years of practical experience in the field of corporate law, accounting, tax in Vietnam.

How Vina TPT Supports Japanese Manufacturing Enterprises:

.Proven FDI Experience: Advised many Japanese projects in mechanics, electronics, and supporting industries, fully understanding local licensing and compliance.
Cultural Alignment: Operates with Japanese-style precision, transparency, and discipline in all documentation and processes.
End-to-End Support: A strategic partner from setup to operation and expansion.
Bilingual Team: Fluent Japanese communication ensures smooth coordination and minimized barriers.
Focused on Results: Ensures legal compliance, cost efficiency, and sustainable growth for every project.

Contact Vina TPT today for free consultation on the process register a company and setting up a mechanical factory in Vietnam.

Company Formation, Lasted News

Starting a Korean BBQ or Café in Vietnam? Here’s a 4-Step Registration Guide

Posted on 03/11/202517/04/2026 by ASS

1. Why Korean F&B Brands Are Thriving in Vietnam

Business license in Vietnam is a crucial step for any foreign F&B brand looking to enter the market. In recent years, Vietnam has become one of the fastest growing F&B markets in Southeast Asia, with spending on food and entertainment accounting for more than 35% of young consumers’ total disposable income. The booming middle class, the growing popularity of “eating out”, and the strong influence of Hallyu (Korean Wave) culture have created ideal conditions for Korean food brands to expand their business.

From Korean BBQ chains, Seoul-style cafes, to dessert shops, Vietnamese consumers especially Gen Z and Millennials see enjoying Korean food as a cultural experience rather than just eating. This explains why many Korean brands, from traditional restaurants to franchised coffee chains, are choosing Vietnam as their second strategic move after Korea.

However, behind that attractive potential are a series of legal challenges that foreign investors need to understand. Many Korean brands encounter difficulties when setting up a business in Vietnam (enterprise registration), applying for an F&B business license, or completing food safety and hygiene certifications. Therefore, understanding the correct legal establishment process is the first factor that determines success when establishing a business in Vietnam.

Before going into the licensing process, you can consider a few concepts that are very popular in Vietnam: Korean tabletop BBQ, K-café & dessert, fast-casual K-food (fried chicken, mixed rice), and fusion/comfort food concepts. Each concept will affect the scale, location, and type of license required, so you should determine the concept before starting

2. Step 1 – Understanding Vietnam’s F&B Business License Requirements

To open a restaurant or cafe in Vietnam, Korean investors need the following types of business licenses in Vietnam:

Investment Registration Certificate (IRC): certifying that the company legally authorizes an investment project and records its key details
Enterprise Registration Certificate (ERC): certifying that the company is legal and allowed to operate in Vietnam.
Food Safety and Hygiene Certificate: required for food processing or serving establishments.
Fire Safety Certificate: ensures that the location meets fire prevention and fighting standards.
Other local permits: such as sign registration, environmental license (if there is a food production scale).

Full preparation of these business license in Vietnam helps companies operate legally, avoiding the risk of being fined or having their business suspended.

3. Step 2 – Choosing the Right Legal Structure for Korean Investors

When setting up a business in Vietnam, Korean investors can choose one of three popular legal forms:

100% foreign-owned company: Full management, suitable for brands with experience and large capital.
Joint Venture: Cooperate with Vietnamese partners, helping to understand the market and process licenses faster.
Franchise model: Flexible solution for BBQ or cafe chains that want to expand their brand without directly managing operations.

Each model has its own advantages and disadvantages, depending on the scale, capital, and long-term development strategy of the Korean brand in Vietnam. In addition, at this stage, the most important thing is to determine whether to apply for an Investment Registration Certificate (IRC) or not, as this procedure will affect the entire time and plan of operation later.

According to the Vietnam Investment Law, an IRC is a mandatory license if Korean investors want to:

Establish a 100% Korean-owned company in Vietnam (e.g., a company managing a BBQ chain, cafe, bakery, etc.);
Contribute more than 51% of capital to a Vietnamese company operating in the F&B sector;
Open a branch or restaurant under a Korean parent company.

In this case, the process will include two stages:

Apply for IRC: Investment Registration Certificate, issued by the Department of Planning and Investment (DPI).
Apply for ERC: Enterprise Registration Certificate (similar to a company establishment license).

The estimated time for completion is:

Document preparation: 1-2 weeks, depending on the volume of documents and the level of complexity.

IRC appraisal: 20-45 working days.
ERC issuance: 10-20 working days after IRC (or similar if the enterprise is a domestic enterprise).

4. Step 3 – The Registration & Licensing Process Explained

The process of setting up a business license in Vietnam includes the following basic steps:

Preparing legal documents (investor passport, company charter, legal head office address).
Complete the application and apply for IRC, ERC.

If the project has FDI capital, IRC is the first license allowing the investor to implement the project in Vietnam.

The required documents usually include:

Application for investment project implementation and Project proposal: stating the objectives, scale, location, investment capital, progress.
Proof of the investor’s financial capacity: bank statement, credit contract or collateral.
Legal documents of the investor:
- Individual: Notarized passport, consular legalization.
- Organization: Business registration certificate or equivalent document, consular legalization.
Project location: lease contract or land/office use rights certificate.

After the IRC is granted (or for 100% domestic-owned enterprises), the investor applies for an ERC – an official license for the enterprise to operate, and also the tax code of the company.

The ERC dossier usually includes:

Application for enterprise registration.
Company Charter: stipulates the organizational structure, powers of members/shareholders, capital ratio and management method.
List of members/shareholders and legal representatives: clearly state information, ownership ratio, voting rights.
Appointment decision and authorization letter (if any).
Capital contribution plan & financial evidence: bank statement or credit contract (especially important for large capital projects).

3.Register for tax code and electronic invoice.

4.Open a company bank account and pay charter capital.

5.Carve the company seal and register the sample seal with the authorities.

GET EXPERT BUSINESS REGISTRATION SUPPORT

5. Step 4 – Post-License Requirements for F&B Businesses

After obtaining the operating license, the enterprise needs to complete the following post-registration procedures:

Renting a business premises in accordance with local planning
Signing a labor contract and registering personnel with the labor management agency
Registering taxes and social insurance for employees
Signing contracts with suppliers of raw materials and operating services
Checking and certifying food safety before opening
Registering for trademark protection to protect intellectual property rights in Vietnam

These steps help enterprises ensure comprehensive compliance and be ready to operate stably.

6. Simplify Your Market Entry with Vina TPT Company Registration Service

With many years of experience supporting Korean F&B brands in Vietnam, Vina TPT Company Registration Service provides a complete solution including:

Consulting on choosing the right type of business
Drafting and submitting registration documents to the Department of Planning and Investment
Applying for hygiene, fire prevention and trademark licenses
Setting up accounting, tax and labor systems according to Vietnamese regulations

Vina TPT acts as a “one-stop service” to help Korean investors shorten time, reduce legal risks and focus on brand development.

7. From Startup to Success: Launching Your Korean BBQ or Café Smoothly

Opening a Korean restaurant or cafe in Vietnam is not only an attractive business opportunity, but also a journey to bring Korean culinary culture closer to Vietnamese customers. With clear instructions and a reliable legal partner like Vina TPT, the business registration process will become simpler, more legal and sustainable than ever.

Contact Vina TPT today for detailed advice on the F&B business license in Vietnam – fast, transparent and legal.

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Business Knowledge, Accounting & Tax, Company Formation, Finance & Accounting Knowledge, Labor & Insurance Knowledge, Lasted News, Legal News, Tax Knowledge

Entering Vietnam’s Clothing Market: A Practical Guide for Chinese Manufacturers

Posted on 22/10/202529/10/2025 by ASS

Vina TPT company registration service supporting Chinese clothing investors in Vietnam

1. Why Vietnam Is the Next Stop for China’s Clothing Giants

Vietnam is emerging as one of the most dynamic consumer markets in Southeast Asia, especially in the fashion and retail sectors. The middle class is growing rapidly, average incomes are rising, and young people’s shopping trends are gradually shifting towards brands with unique styles and reasonable prices.

For foreign investors and Chinese fashion brands, obtaining a business license in Vietnam is the first important step to legally enter this fast-growing market. With proper licensing and strategic market entry, businesses can take full advantage of Vietnam’s expanding retail opportunities and rising consumer demand.

Vietnamese consumers, especially Gen Z and Millennials, prefer modern fashion that quickly updates global trends while maintaining high practicality. This creates a great advantage for Chinese businesses, which have the ability to produce quickly, flexibly, and at competitive costs.

Not only does Vietnam have great purchasing power, it is also a politically stable market, transparent in investment, and benefits from many free trade agreements (CPTPP, RCEP, EVFTA). In addition, obtaining a business license in Vietnam for fashion or retail activities has become increasingly streamlined, making importing, distributing, or opening Chinese fashion brands in Vietnam easier and more compliant than ever. business license in vietnam

2. Choosing the Right Market Entry Strategy

Chinese businesses can choose one of three popular models when expanding into the Vietnamese market:

Establishing a 100% foreign-owned company (WFOE): Suitable for brands that want to control the entire import-distribution-retail process. This model allows for opening physical stores or doing business online after obtaining the required business license in Vietnam.
Cooperating with local distributors: helps save costs, quickly access the market, and take advantage of the existing retail network.
Joint Venture: Cooperating with Vietnamese businesses to combine local knowledge with goods sources and management capacity from China.

Each form has its own advantages in terms of control level, cost and risk, so it is necessary to consult carefully before choosing.

3. Beyond Paperwork: Setting the Foundation for Operations

To open a business in Vietnam, businesses need to carry out some important legal procedures to have business license in Vietnam:

Investment Registration Certificate (IRC) if there is foreign capital. IRC is the first license allowing the investor to implement the project in Vietnam.

The required documents usually include:

Application for investment project implementation and Project proposal: stating the objectives, scale, location, investment capital, progress.
Proof of the investor’s financial capacity: bank statement, credit contract or collateral.
Legal documents of the investor:
- Individual: Notarized passport, consular legalization.
- Organization: Business registration certificate or equivalent document, consular legalization.
Project location: lease contract or land/office use rights certificate.

After the IRC is granted (or for 100% domestic-owned enterprises), the investor applies for an ERC – an official license for the enterprise to operate, and also the tax code of the company.

Enterprise Registration Certificate (ERC) at the Department of Planning & Investment. The ERC dossier usually includes:

Application for enterprise registration.
Company Charter: stipulates the organizational structure, powers of members/shareholders, capital ratio and management method.
List of members/shareholders and legal representatives: clearly state information, ownership ratio, voting rights.
Appointment decision and authorization letter (if any).
Capital contribution plan & financial evidence: bank statement or credit contract (especially important for large capital projects).

Wholesale and retail of garments and fashion accessories.
Import and export of fashion goods.
E-commerce business (if selling online).

The good news is that the fashion trade and distribution industry does not require any special sub-licenses, so the establishment procedure is quite simple and the processing time is fast.

After obtaining the business license in Vietnam, the business needs to register a tax code, open a bank account, issue electronic invoices and declare taxes periodically to operate legally.

CONSULT ON BUSINESS LICENSE IN VIETNAM

4. Workforce and Culture Integration

The Vietnamese market is diverse and can be divided into 3 key areas:

Ho Chi Minh City: a vibrant commercial center, suitable for young, dynamic fashion.
Hanoi: a traditional market, favoring brands with reliability and elegant designs.
Da Nang, Can Tho: emerging markets, low cost, easy to test retail models.

In addition to choosing a strategic business location, businesses need to:

Cooperate with logistics units to optimize shipping costs from China to Vietnam.
Build a localized marketing strategy, combining platforms such as TikTok, Shopee, Lazada and Facebook, which currently account for the majority of online fashion sales channels in Vietnam.
Understand Vietnamese fashion tastes: prioritize light, airy, easy-to-match and highly applicable products.

5. Local Compliance and Ethical Manufacturing

When operating in Vietnam, recruiting and managing local human resources is an important factor.

Chinese enterprises need to clearly understand the regulations on labor contracts, social insurance, and personal income tax (PIT) to avoid violations.

In addition, cultural differences should also be noted:

Vietnamese people value respect, gentleness, and collaboration in the working environment.
A team of dedicated employees, paid on time and transparently will help operations run smoothly, especially in the retail and customer care sectors.

Many foreign enterprises choose to outsource payroll and HR services to ensure compliance, optimize costs, and reduce administrative risks. In addition, working with a professional consulting partner also helps businesses handle legal procedures such as applying for a business license in Vietnam, registering employees, and setting up a compliant payroll system, ensuring smooth and lawful operations from the start.

6. How Vina TPT Helps You Scale Smoothly

Vina TPT Company Registration is a consulting and implementation unit for comprehensive services for foreign investors in Vietnam, especially Chinese enterprises in the fields of fashion, trade and light manufacturing.

We provide:

Investment consulting & legal structure according to the desired business model.
Business registration services (ERC, IRC), opening bank accounts, tax codes and electronic invoices.
Accounting, tax, payroll, periodic compliance management, ensuring transparent and legal operations.
Bilingual support in English – Vietnamese, helping businesses easily exchange and process documents.

With a team of experts with more than 2015 years of experience in the fields of foreign investment, finance and law, Vina TPT has accompanied hundreds of Chinese FDI companies to successfully expand in Vietnam – from establishment to stable operation.

7. From Setup to Growth: Building a Sustainable Clothing Brand in Vietnam

Vietnam is not only a “production hub” but also a booming consumer market with long-term potential.

Chinese businesses can take advantage of this market to build their brands, develop distribution channels, and expand into Southeast Asia.

With a deep understanding of Vietnam’s legal framework, tax regulations, and consumer market, Vina TPT helps you take every step with confidence – from setting up a legal entity and applying for business licenses in Vietnam, to managing finances and ensuring smooth operations.

Want to bring a Chinese fashion brand to Vietnam quickly and legally?

Let Vina TPT accompany you through the entire process of company registration, compliance and tax accounting, helping you focus on developing your brand.

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Accounting & Tax, Accounting News, Business Knowledge, Company Formation, Finance & Accounting Knowledge, Lasted News, Tax Knowledge

Bridging VAS and J-GAAP: Accounting Outsourcing Solutions for Japanese Companies in Vietnam

Posted on 22/10/202513/04/2026 by ASS

Accounting and financial reporting for Japanese companies in Vietnam under VAS and J-GAAP standards

1. Japanese Firms Face Complex Financial Localization in Vietnam

Japanese corporations are known for their strict financial and accounting processes and high standards of transparency. However, when expanding operations to Vietnam, they face significant differences between Vietnamese accounting standards (VAS) and Japanese accounting standards (J-GAAP). This difference lies not only in the way revenue and expenses are recorded, but also affects the way financial statements are presented and reconciled between the parent company in Japan and its branch in Vietnam.

Many Japanese enterprises share that ensuring compliance with VAS as required by Vietnamese tax authorities while maintaining the internal reporting format according to J-GAAP is a complex problem. To handle these challenges efficiently, many turn to accounting outsourcing services provided by a professional accounting services company in Vietnam. These services not only ensure accurate reconciliation between the two systems but also support the preparation of bilingual reports and bank statements in Japanese, helping Japanese corporations maintain compliance, transparency, and efficiency across borders.

2. Challenges in Reconciling VAS and Japanese GAAP

What makes Japanese companies difficult is not only the difference in accounting regulations, but also in the actual operation process. The way revenue is recognized between the two systems can be different: VAS is based on the time of completion of the delivery obligation, while J-GAAP can record according to the contract conditions.

Another problem is the difference in exchange rates: VAS uses actual or average exchange rates, while J-GAAP may require re-recording at the end-of-period exchange rate, leading to discrepancies in consolidated reports. In addition, preparing bank statements in Japanese or bilingual financial statements to send to the parent company is also a significant challenge, requiring accounting personnel who are both knowledgeable in the field and fluent in the language.

In many cases, Japanese companies have to maintain two separate sets of accounting systems or spend a lot of time adjusting data. This not only increases operating costs but also prolongs the auditing process, reducing the effectiveness of internal financial management.

GET JAPAN-VIETNAM ACCOUNTING SUPPORT

3. Why Accounting Outsourcing Services Is the Optimal Solution

Accounting outsourcing services is becoming an inevitable trend in the Japanese business community in Vietnam. Instead of building a large internal team, businesses can cooperate with a professional unit – both understanding Vietnamese tax regulations and the J-GAAP system.

This solution helps businesses significantly save on personnel costs, minimize the risk of errors in declarations, and maintain standard bilingual financial reports (English – Japanese – Vietnamese), meeting the requirements of both tax authorities and parent companies. In particular, professional accounting service companies can build a data standardization process, ensuring that reports can be directly integrated into the group’s management system in Japan.

Accounting outsourcing services also helps businesses be more flexible – easily expanding or reducing the scale of accounting when there are changes in the project, without affecting the continuity of financial operations.

4. How Vina TPT Simplifies Accounting for Japanese Companies

Vina TPT Accounting Service is the leading accounting services company providing accounting and financial solutions for Japanese enterprises in Vietnam. We deeply understand the differences between VAS and J-GAAP and have built a specialized process to help Japanese clients localize their financial systems while maintaining the transparency standards of the parent corporation.

Vina TPT’s team of experts includes Japanese – English bilingual accountants and tax consultants, who are intensively trained in Japanese accounting standards, Vietnamese taxes, and specialized communication skills in Japanese.

In particular, Mr. Le Quoc Duy, the chief expert in charge of Japanese customers, has more than 2015 years of experience working with large corporations in the fields of manufacturing, finance, and logistics of Japan in Vietnam.

We support businesses in the entire process:

Standardizing data and preparing bank statements in Japanese
Reconciling and converting reports from VAS to J-GAAP
Review documents before sending to HQ
And provide regular advice to ensure accuracy and compliance in the long term.

5. Build Transparent, Compliant and Cross-Cultural Financial Systems

With specialized accounting outsourcing services, Japanese enterprises in Vietnam not only solve compliance issues, but also create a transparent, reliable and cross-culturally compatible financial system. Standardized and bilingual financial data helps strengthen trust between the Vietnamese branch and the Japanese parent company, and facilitates smoother group audits.

In the long term, maintaining a transparent accounting and financial system not only helps companies control costs and optimize profits, but also demonstrates a standard operating philosophy that is consistent with Japanese business culture: accuracy – discipline – reliability.

Contact Vina TPT Accounting Service today for advice on outsourcing accounting solutions and bilingual financial reporting in accordance with J-GAAP standards. We help Japanese businesses in Vietnam operate more easily – accurately, compliantly and sustainably.

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