Company Formation, Lasted News

Setting Up a Representative Office in Vietnam: Step-by-Step Guide for Foreigners 2026

Posted on by SEN

As Vietnam continues to attract foreign direct investment (FDI) with robust economic growth in 2025-2026, many international businesses choose to establish a Representative Office (RO) as their initial market entry strategy. An RO allows foreign companies to build a legal presence, conduct market research, and liaise with local partners without engaging in direct profit-generating activities.

With over 20 years of experience supporting more than 200 foreign clients, Vina TPT specializes in guiding investors through this process efficiently and compliantly. This ultimate guide provides a step-by-step overview for setting up a representative office in Vietnam in 2025, based on the latest regulations under Commercial Law 2005 and Decree 07/2016/ND-CP (with minor procedural updates).

1. What is a Representative Office in Vietnam?

A representative office is a dependent unit of an enterprise that is established in a different province or country for the purpose of supporting the operations of its parent company. ts main activities typically include:

  • Promoting and marketing products or services
  • Collecting and analyzing market information
  • Identifying customer demands and industry trends
  • Providing customer consultation and support
  • Developing and maintaining relationships with partners
  • Assisting with administrative and procedural matters

Key limitations: Representative Offices cannot generate revenue, issue invoices, or conduct direct trading. If your goal involves commercial operations, consider a full foreign-invested enterprise instead.

Representative Office

Foreign-Invested Company
Legal Status Dependent unit; extension of the parent company Independent legal entity; registered in Vietnam.
Business Activities Non-profit; no direct revenue-generating activities. Full operations; allowed to trade, manufacture, and earn profits.
Primary Purpose Market research, brand promotion, and liaison activities. Executing full business operations and commercial contracts.
Suitability Ideal for testing the market and building local relationships. Best for long-term investment and generating local revenue.

 

2. Eligibility Requirements for Foreign Companies

To qualify for an RO in Vietnam:

  • The parent company must operate legally in its home country for at least 1 year.
  • Business activities must align with Vietnam’s WTO commitments.
  • No minimum capital is required, making it a low-risk option for SMEs and startups.

3. Setting Up a Representative Office: Step-by-Step Process

The process typically takes 4 – 6 weeks months in 2026, handled by the Department of Industry and Trade (DOIT).

Step 1: Prepare Documents

In order to facilitate a seamless and efficient licensing process for a Vietnam-based representative office, foreign entities should assemble the following essential documentation:

  • Application form for RO establishment
  • Parent company’s Business Registration Certificate (legalized)
  • Audited financial statements (latest year)
  • Appointment letter for Chief Representative
  • Lease agreement for office premises (physical address required)
  • Passport/ID of Chief Representative

Note: All foreign documents need consular legalization and Vietnamese translation.

Step 2: Submit Application

After finalizing the necessary paperwork, the investor submits it to the Business Registration Office under the Department of Planning and Investment where the representative office will be located.

Under normal circumstances, the licensing authority will review and issue a result within a timeframe of 10 to 15 business days.

Step 3: Obtain RO License

Upon the successful evaluation of the application, the competent authority will formally issue the Representative Office Establishment License.

To ensure full regulatory compliance, the entity must immediately proceed with post-licensing compliance tasks, such as: 

  • Engrave seal and register specimen
  • Open bank account (for expenses only)
  • Registering for tax if any expenses are incurred
  • Apply for work permits/TRC for foreign staff (if needed)

At VINA TPT, we support clients throughout every step—tracking the progress, handling all paperwork, and collecting the license as soon as the application is approved.

setting-up-a-representative-office-in-vietnam

4. Common Challenges and Tips

To ensure your 2026 application is processed without delays, please consider these essential points:

  • Legalization: Start document legalization early to avoid common administrative bottlenecks.
  • Office Lease: Ensure a valid lease agreement is signed before submitting your dossier.

Work Permits: Foreign Chief Representatives may require a work permit to stay compliant.

5. Ready to Establish Your Representative Office in Vietnam?

Establishing a representative office is a strategic move for foreign companies to expand and engage with the Vietnamese market. However, success requires deep legal insight and meticulous preparation. To overcome language barriers and administrative complexities, partnering with a professional service is the most effective solution.

With over 20 years of expertise, VINA TPT is proud to be the trusted partner for international businesses entering Vietnam. With Vina TPT’s one-stop support, foreign investors can navigate this process seamlessly, ensuring 100% data protection and transparent costs. Contact us today for expert consultation and a seamless start to your investment journey.

BOOK A FREE CONSULTATION

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Labor & Insurance Knowledge, Lasted News

How to Calculate Personal Income Tax 2026 in Vietnam

Posted on by SEN
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Vietnam’s Personal Income Tax 2026 law was amended Law No. 109/2025/QH15 and officially takes effect from July 1, 2026. Key rules for salary, wages, and business income, however, apply right from January 1, 2026. These updates significantly reduce the tax burden for employees and business owners amid rising living costs. 

This guide explains exactly how to calculate PIT in 2026, highlights the major changes (increased family deductions, simplified progressive rates, expanded exemptions), and provides clear, real-world examples so you can compute your tax accurately and stay fully compliant. 

1. Major Changes to Personal Income Tax from 2026 

2026 introduces the biggest PIT reforms since 2012, driven by the amended PIT Law 2025 and Resolution 110/2025/UBTVQH15. The goal is to ease pressure on middle-income earners, support digital businesses, and attract high-tech investment while keeping pace with economic growth and inflation. 

Change  Main Benefit 
Increased family deductions  Lower tax for individuals and families 
Simplified progressive brackets  Easier calculation, reduced tax for average incomes 
Expanded exemptions  Support for high-tech, agriculture, and green sectors 

These reforms make the tax system more modern, transparent, and easier to comply with. 

1.1 Increased Family Deductions Effective January 1, 2026 

From January 1, 2026, family circumstance deductions are raised to better match higher living costs, helping millions of taxpayers pay less personal income tax The personal deduction increases from VND 11 million to VND 15.5 million per month (VND 186 million per year), and the deduction per dependent rises from VND 4.4 million to VND 6.2 million per month. 

Type of Deduction  2025 Amount  2026 Amount 
Personal deduction  11 million/month  15.5 million/month 
Per dependent  4.4 million/month  6.2 million/month 

Who qualifies as a dependent? 

  • Children: Under 18; over 18 if disabled and unable to work; full-time students (university, college, vocational) under 22 with low or no income. 
  • Spouse: Unable to work or with very low/no income. 
  • Parents, grandparents, siblings: Elderly or disabled individuals with insufficient income, directly supported by the taxpayer. 

Key conditions 

  • Each dependent can be claimed by only one taxpayer. 
  • Proof is required (birth certificate, household registration, disability certificate, school enrollment, support commitment letter). 
  • Register with your employer or tax office (usually via Form 20-ĐK-TNCN) before tax is calculated. 

1.2 New Progressive Personal Income Tax 2026 Rates – Reduced from 7 to 5 Brackets 

Effective January 1, 2026, the progressive tax scale is simplified from 7 brackets to 5, with wider income ranges to reduce the effective tax rate for middle earners. The top rate remains 35%, now applying only to monthly taxable income over VND 100 million (previously VND 80 million). 

Bracket  Monthly Taxable Income (VND million)  Annual Taxable Income (VND million)  Tax Rate (%) 
1  Up to 10  Up to 120  5 
2  Over 10 to 30  Over 120 to 360  10 
3  Over 30 to 50  Over 360 to 600  20 
4  Over 50 to 100  Over 600 to 1,200  30 
5  Over 100  Over 1,200  35 

Old vs. new comparison The old 7-bracket system had narrower bands, pushing many middle-income earners into higher rates. The new structure is simpler and saves 5–15% in tax for most employees, while encouraging extra work without jumping brackets quickly. 

1.3 Expanded Exemptions, Reductions & Special Incentives 

The updated law adds 21 new exempt income categories starting in 2026, focusing on education, healthcare, green projects, and high-tech sectors. Additional benefits include a 50% reduction on certain investment income and a 5-year exemption for high-tech professionals. 

  • New exempt items: Certain overtime pay, scholarships, income from green bonds, organic agriculture, gifts under VND 10 million, disaster relief support. 
  • Special incentives: 5-year PIT exemption for experts in AI, semiconductors, and R&D; 50% reduction on income from investments in tech startups. 
Incentive Type  Condition  Duration 
Scholarship exemption  Full-time formal education  Indefinite 
5-year high-tech exemption  Experts in AI, semiconductors, R&D  5 years from 2026 
50% investment reduction  Green/technology startups  Applies to 2026+ income 

Proof (contracts, certificates) is required, often from the Ministry of Science and Technology. 

personal-incom-tax-2026-vina-tpt

2. How to Calculate Personal Income Tax in 2026 – Step-by-Step Guide 

Core formula Tax payable = Taxable income × Progressive tax rate Taxable income = Total income – Exempt items – Deductions (family + mandatory insurance + charity + eligible medical/education expenses) 

This applies to tax residents. Non-residents pay a flat 20% on Vietnam-sourced income. 

Step 1: Determine Your Tax Residency Status 

Start by confirming whether you are a tax resident or non-resident, as this determines what income is taxable. 

Under Vietnam’s PIT law: 

  • Tax resident: Present in Vietnam ≥183 days in the calendar year, or maintaining a permanent residence (owned home or long-term rental with registered address). 
  • Non-resident: Taxed only on income sourced from Vietnam. 

Tax implications 

  • Residents: Taxed on worldwide income using the 5-bracket progressive scale (5%–35%). 
  • Non-residents: Flat 20% on Vietnam-sourced salary and wages (other rates apply to specific types). 

Step 2: Calculate Taxable Income 

Basic formula: Taxable income = Total income – Exempt items – Deductions 

  1. Total income includes salary, bonuses, taxable allowances, business profits, investment returns, etc. 
  2. Exempt items include scholarships, certain overtime pay, small gifts, etc. 
  3. Deductions include: 
  • Family deduction (VND 15.5 million/month personal + VND 6.2 million/month per dependent) 
  • Mandatory social, health, unemployment insurance (BHXH, BHYT, BHTN) 
  • Charitable donations (with receipts) 
  • Medical & education expenses (new in 2026, up to VND 10 million/year – detailed guidance pending) 

Example In January 2026, Mr. A receives: 

  • Salary: VND 70,000,000 
  • Meal allowance (per company policy): VND 1,000,000 
  • Sales commission: VND 2,000,000 

No charitable contributions. Mr. A has one registered dependent (child under 18). 

Calculation: 

  • Total income: 70,000,000 + 1,000,000 + 2,000,000 = VND 73,000,000
  • Exempt: VND 1,000,000 (meal allowance) 
  • Deductions: 15,500,000 (personal) + 6,200,000 (dependent) + 4,200,000 (mandatory insurance) = VND 24,850,000
  • Taxable income = 73,000,000  – 1,000,000 – 24,850,000 = VND 47,150,000 per month 

Step 3: Apply the 2026 Progressive Rates

new-progressive-personal-income-tax-rates-vina-tpt

Apply the 5-bracket scale to taxable income, calculating tax portion by portion and adding them up. 

Continuing Mr. A’s example (monthly taxable income: VND 47,150,000): 

  • Bracket 1: VND 10,000,000 × 5% = VND 500,000 
  • Bracket 2: (30,000,000 – 10,000,000) × 10% = VND 2,000,000 
  • Bracket 3: (47,150,000 – 30,000,000) × 20% = VND 3,430,000 

Total PIT payable: 500,000 + 2,000,000 + 3,430,000 = VND 5,930,000 

Net take-home pay: 73M – 4.2M (insurance) – 5.93M (PIT) = VND 62,870,000 

3. Special Rules for Foreigners and Expatriates in Vietnam 

Foreign nationals (expats) and overseas workers follow specific PIT rules in 2026. 

  • Non-residents: Flat 20% on Vietnam-sourced income, withheld at source. 
  • Residents: Subject to the same progressive rates as Vietnamese citizens. 

Double Taxation Agreements (DTAs) Vietnam has over 80 DTAs (with the US, EU countries, Japan, Singapore, etc.). To claim relief: 

  • Submit Form NT5/TNCN 
  • Provide proof of tax residency in your home country 
  • Claim credit for taxes already paid abroad 

Example: A non-resident expat earning VND 50 million/month pays VND 10 million (20%) PIT. With a DTA, the rate may drop to 10–15%. 

These rules, plus the 5-year exemption for high-tech experts, make Vietnam attractive for skilled international professionals. 

4. Filing and Finalizing Personal Income Tax in Vietnam 

PIT filing and finalization are fully online via the General Department of Taxation portal (thuedientu.gdt.gov.vn) or eTax Mobile app. 

General deadlines (apply every year): 

  • Employer finalization (for authorized employees): By the last day of the 3rd month after year-end (usually March 31). 
  • Individual self-finalization: By the last day of the 4th month after year-end (usually April 30). → If the deadline falls on a holiday or weekend, it shifts to the next working day. 

Who must self-file? Individuals with income from two or more sources who do not meet authorization conditions, or those seeking refunds or adjustments. 

5. Vina TPT – Your 2026 PIT Solution for Expats & Businesses in Vietnam 

Vina TPT is a leading tax advisory firm in Vietnam specializing in Personal Income Tax services for expatriates and foreign-invested companies. Our experienced team provides full support, from 2026 PIT forecasting and calculation to DTA claims and maximum deduction optimization. 

Why choose Vina TPT? 

  • Free initial consultation with clear guidance 
  • Fast, accurate filing and deadline reminders 
  • Full compliance with 2026 regulations to minimize risks 

Key services 

  • PIT finalization for expats with multi-source income 
  • Assistance with high-tech and investment incentives 
  • HR training on payroll updates and withholding 

Need help with your 2026 Personal Income Tax in Vietnam? Contact Vina TPT today for expert, hassle-free support.

BOOK A FREE CONSULTATION

Lasted News, Labor & Insurance Knowledge

Regional Minimum Wage 2026 in Vietnam: Latest Updates and Key Changes

Posted on by ASS
Regional-Minimum-Wage-2026-in-Vietnam_-Latest-Updates-and-Key-Changes-Vina-TPT

Regional-Minimum-Wage-2026-in-Vietnam_-Latest-Updates-and-Key-Changes-Vina-TPT

1. Entities Subject to the 2026 Regional Minimum Wage Adjustment

According to Article 2 of Decree No. 293/2025/ND-CP, the scope of entities subject to the application of the regional minimum wage has been clearly defined and expanded to include the following groups: 

  • Employees working under labor contracts in accordance with the current Labor Code of Vietnam. 
  • Employers as stipulated under the Labor Code, including: 
  • Enterprises established and operating in compliance with the Law on Enterprises; 
  • Agencies, organizations, cooperatives, households, and individuals that employ workers under lawful labor agreements. 
  • Other relevant agencies, organizations, and individuals involved in the implementation and application of the regional minimum wage in accordance with Decree No. 293/2025/ND-CP. 

2. Application of the New Regional Minimum Wage from January 1, 2026

On November 10, 2025, the Government issued Decree No. 293/2025/ND-CP regulating the regional minimum wage applicable to employees working under labor contracts. This adjustment represents a significant policy update aimed at safeguarding employees’ livelihoods while remaining aligned with Vietnam’s economic growth and productivity trends. 

Regional Minimum Wage Rates on a Monthly Basis 

According to Decree No. 293/2025/ND-CP, the monthly regional minimum wage levels have been revised upward by region as follows: 

 

 Minimum Wage Rates by Month 

(Unit: VND/month) 

Region 

 2025    2026 

Region I 

 4.960.000  5.310.000 

Region II 

 4.410.000 

4.730.000 
Region III  3.860.000 

4.140.000 
Region IV  3.450.000 

3.700.000 

The regional minimum wage has been adjusted upward by approximately 7.2% compared to 2025, contributing to higher income levels and stronger social security for employees, particularly in the manufacturing and service sectors. 

Regional Minimum Wage Table by Hour 

 

Minimum Wage Rate by Hour 

(Unit: VND/hour) 

Region 

 2025  2026  

Region I 

 23.800  25.500 

Region II 

 21.200 

22.700 
Region III  18.600 

20.000 
Region IV  16.600 

17.800 

The adjustment of the hourly minimum wage enhances flexibility for seasonal and part-time employment arrangements, while ensuring the protection of workers’ rights in an increasingly diverse labor market.

3. Regulations on the Application of the Minimum Wage

According to the Decree, the monthly minimum wage represents the lowest level used as the basis for wage agreements between employers and employees. Specifically: 

  • Employees who work full standard working hours and fulfill their assigned duties must be paid no less than the applicable regional minimum wage. 
  • For employees paid on an hourly basis, the hourly wage must not be lower than the minimum hourly wage applicable to the corresponding region. 
  • In cases where wages are paid by day, week, output, or lump-sum basis, the converted monthly or hourly wage must ensure compliance with at least the regional minimum wage level. 

Wage Conversion Methods: 

  • Monthly wage = (Weekly wage × 52) / 12, or Daily wage × Number of normal working days in the month 
  • Hourly wage = Weekly wage (or daily wage) / Number of normal working hours in the week (or day)

Regional-Minimum-Wage-2026-in-Vietnam_-Latest-Updates-and-Key-Changes-Vina-TPT

4. Employer Responsibilities When Applying the Minimum Wage

According to Clause 4, Article 5 of Decree No. 293/2025/NĐ-CP on effectiveness and implementation responsibilities, employers are required to fulfill the following obligations when applying the minimum wage to employees: 

  • Employers must review and adjust the provisions in labor contracts, collective labor agreements, and internal regulations to ensure compliance with the new regulations. At the same time, they are not permitted to abolish or reduce employees’ lawful wage and benefit entitlements, including overtime pay, night-shift pay, in-kind allowances, and other benefits prescribed under labor laws. 
  • For agreements that are more favorable to employees and were previously established (for example, wage levels higher than the minimum wage for trained workers or those working in hazardous, arduous, or dangerous conditions), enterprises are required to continue implementing such agreements, unless otherwise mutually agreed by the parties involved.

5. Why Vina TPT Is the Trusted Partner for HR Outsourcing in Vietnam?

Vina TPT is a trusted partner for many FDI enterprises and SMEs, delivering professional HR outsourcing and payroll services supported by a team of experts with over 15 years of experience. Vina TPT helps businesses effectively manage human resources, ensure accurate payroll processing, and maintain full compliance with Vietnam’s labor and employment regulations. 

Vina TPT’s HR & Payroll services stand out through: 

  • Experienced legal and HR specialists with up-to-date regulatory knowledge: Our experts stay continuously updated on the latest regulations regarding labor law, wages, social insurance, personal income tax, and international standards, helping businesses minimize compliance risks. 
  • Accurate and transparent payroll processing: We manage payroll calculations, tax withholdings, social insurance contributions, and employee benefits with precision, confidentiality, and on-time execution. 
  • Bilingual Vietnamese – English – Japanese reporting: Designed to meet the governance and reporting requirements of FDI enterprises, supporting communication with parent companies and regulatory authorities in Vietnam. 
  • Integrated end-to-end solutions: By synchronizing HR, payroll, and financial data, Vina TPT reduces errors, saves time, and optimizes operating costs for businesses. 

With Vina TPT’s HR outsourcing and payroll solutions, enterprises can focus on their core business activities while all HR and payroll processes are handled professionally, accurately, and transparently. This is a key factor in ensuring legal compliance and building a strong, professional image with employees and international investors. 

Reach out to Vina TPT for professional HR outsourcing and payroll solutions that help your business optimize human resource management, payroll administration, and overall operational efficiency.

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Lasted News, Company Formation

How to Start a Business in Vietnam: 2026 Guide for Investors 

Posted on by ASS
start a business in vietnam with vina tpt

start a business in vietnam with vina tpt

How to Start a Business in Vietnam as a Foreigner: A Comprehensive 2026 Guide 

Choosing to start a business in Vietnam has become a strategic move for international investors, thanks to the country’s consistent economic growth and increasingly transparent regulatory environment. This guide provides a precise roadmap to help you optimize the setup process and ensure full legal compliance from day one.

1. Strategic Reasons to Start a Business in Vietnam in 2026

2026 marks a pivotal year as Vietnam solidifies its position as Asia’s “new tiger.” For entrepreneurs, deciding to start a business in Vietnam is not just about tapping into a market of 100 million people, it is about leveraging several macro advantages:

  • Robust Economic Growth & Sustainable FDI: Foreign Direct Investment (FDI) continues to flow into high-tech sectors, green manufacturing, and specialized services.
  • 100% Foreign Ownership: In most manufacturing and trading sectors, investors can own 100% of the equity (with a few exceptions in restricted sectors).
  • ASEAN Competitive Edge: Compared to regional peers, Vietnam offers optimized operating costs, a young and technically skilled workforce, and an extensive network of Free Trade Agreements (FTAs).

2. Selecting the Ideal Structure to Start a Business in Vietnam

Selecting the correct legal entity is a critical step when learning how to start a business in Vietnam. Below are the primary options for foreign investors:

Structure  Best For  Key Characteristic 
Limited Liability Company (LLC)  Startups and SMEs  Simple governance; clear separation of personal and corporate assets. 
Joint-Stock Company (JSC)  Large-scale projects  Suitable for raising capital or future IPOs; requires at least 3 shareholders. 
Branch Office  Specific projects  Allows foreign companies to conduct commercial activities without a full subsidiary. 
Representative Office  Market research  Ideal for brand presence and networking; cannot engage in direct profit-generating activities. 
Joint Venture  Restricted sectors  Collaboration with a local partner to navigate specific regulatory requirements. 

3. The 5-Step Process to Establish a Company in Vietnam (2026 Update)

To successfully start a business in Vietnam, investors must follow this standardized five-step procedure:

Step 1: Define Business Lines & Check Conditions

Verify if your industry falls under “conditional business lines” which may require minimum legal capital, specific professional certificates, or sub-licenses.

Step 2: Obtain the Investment Registration Certificate (IRC)

The IRC is the official approval of your investment project by the authorities, confirming the legitimacy of your capital source and business objectives.

Step 3: Obtain the Enterprise Registration Certificate (ERC)

Once the IRC is issued, you apply for the ERC. This grants your company a tax identification number and official legal status.

Step 4: Post-Incorporation Requirements

After receiving the ERC, you must complete these administrative tasks to become fully operational:

  • Open a Direct Investment Capital Account (DICA): This is mandatory for FDI companies. All capital injections, profit repatriations, and foreign loan repayments must flow through this specific account.
  • Company Seal Carving: Under current Enterprise Law, companies have the autonomy to decide the form and content of their seal. However, consistency is vital for banking and tax transactions.
  • Digital Signature (Token/Smart-OTP): Required for electronic tax filing, Social Insurance (SHUI) declarations, and using the National Single Window portal.
  • Tax Activation & E-Invoicing: You must register your initial tax status and purchase E-invoicing software to issue legal invoices to customers.

Step 5: E-ID Onboarding & Digital Compliance (New for 2026)

The 2026 regulatory framework requires the integration of Electronic Identification (e-ID) for the Legal Representative to manage online filings and administrative procedures seamlessly.

start a business in vietnam with vina tpt

4. Key Post-Setup Compliance Regulations

Once you start a business in Vietnam, you must adhere to strict legal obligations to avoid penalties or suspension:

  • Capital Contribution: The total charter capital must be fully paid into the DICA within 90 days from the ERC issuance date.
  • Mandatory Annual Audit: Unlike local companies, 100% of FDI enterprises in Vietnam must have their annual financial statements audited by an independent auditing firm.
  • Investment Reporting: You are required to submit periodic reports (quarterly/annually) via the National Foreign Investment Information System.
  • Labor & Insurance (SHUI): Register for Social, Health, and Unemployment Insurance (SHUI), sign labor contracts, and fulfill monthly contribution requirements.
  • Tax Compliance: Ensure timely filing for:
    (1) Value Added Tax (VAT) – Monthly or Quarterly.
    (2) Corporate Income Tax (CIT) – Provisional quarterly payments.
    (3) Personal Income Tax (PIT) – For employees, filed monthly or quarterly.
    (4) Foreign Contractor Tax (FCT) – If engaging in transactions with overseas entities.

5. Vina TPT: Your Strategic Partner for the Vietnamese Market

Navigating administrative procedures can be challenging due to language barriers and evolving regulations. Vina TPT is a professional consultancy dedicated to helping you start a business in Vietnam smoothly:

  • End-to-End Solutions: From choosing the right structure and drafting IRC/ERC dossiers to full operational setup.
  • Expert Financial Management: We handle your accounting, tax finalization, and mandatory audit coordination.
  • Multilingual Support (EN/JP/VN): We bridge the communication gap between your global headquarters and local authorities.
  • Proactive Advisory: Vina TPT provides early warnings on policy changes, helping you avoid licensing delays or industry misclassifications.

Vina TPT provides the peace of mind you need to focus entirely on growing your business in Vietnam.

Planning to launch or expand your business in Vietnam?

Contact the Vina TPT expert team today for a detailed roadmap and a comprehensive quote for our all-in-one company incorporation services.

Get a Free Consultation

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

Outsourcing Accounting Services for Small Business in Vietnam

Posted on by ASS
vina tpt outsourcing accounting services for small business

vina tpt outsourcing accounting services for small business

A Step-by-Step Guide to Outsourcing Accounting Services for Small Business in Vietnam

Entering the vibrant Vietnamese market offers immense opportunities for global expansion, driven by a stable economy and a pro-business regulatory environment. However, this potential is accompanied by a sophisticated web of legal frameworks, evolving tax circulars, and strict administrative requirements that can be daunting for newcomers.

For Foreign Direct Investment (FDI) Small and Medium Enterprises (SMEs), outsourcing accounting services for small businesses is no longer just a simple cost-cutting measure or a tactical convenience. In the rapidly changing landscape of 2026, it has evolved into a high-level strategic move designed to mitigate regional risks, ensure absolute compliance with local authorities, and build a foundation for sustainable, long-term operations in Vietnam. By leveraging expert external support, business owners can navigate the complexities of local standards while keeping their internal resources focused entirely on core growth and market penetration.

1. Why Outsourcing Accounting Services for Small Business is Essential for FDI Entities

New FDI businesses in Vietnam often navigate a “maze” of operational hurdles:

  • E-invoicing Pressure & Strict Deadlines: The mandatory adoption of e-invoices and rigid monthly/quarterly tax filing deadlines can lead to heavy administrative fines without a dedicated professional team.
  • The VAS vs. IFRS Gap: Discrepancies between Vietnamese Accounting Standards (VAS) and International Financial Reporting Standards (IFRS) make consolidating reports for headquarters difficult, often delaying audits and profit repatriations.
  • Language Barriers & Talent Turnover: Finding accountants fluent in English or Japanese is difficult. High turnover rates and hidden labor costs (insurance, benefits, training) can destabilize a company’s management system.

2. Strategic Benefits of Outsourcing Accounting Services for Small Business

Instead of maintaining a bulky internal department, utilizing professional accounting services allows SMEs to focus entirely on their core business growth.

Comprehensive Legal Compliance through Bookkeeping Services

Professional firms provide end-to-end solutions, from bookkeeping services to tax filing, keeping your business “safe” from tax authorities:

  • Tax Filings: Handling Value Added Tax (VAT), Corporate Income Tax (CIT), Personal Income Tax (PIT), and Foreign Contractor Tax (FCT).
  • Mandatory FDI Reports: Preparing periodic investment project implementation reports as required by the Ministry of Planning and Investment (MPI).

Cost and Management Optimization

  • Global Standard Reporting: Providing English-language reports and mapping VAS data to IFRS formats for seamless parent company oversight.
  • Budget Efficiency: Outsourcing costs are significantly lower than hiring full-time internal staff, eliminating expenses for office space, infrastructure, and specialized accounting software.

3. Our Workflow for Outsourcing Accounting Services for Small Business at Vina TPT

vina tpt outsourcing accounting services for small business

At Vina TPT, we utilize a transparent, professional workflow specifically designed to meet the rigorous standards of international investors:

  • Consultancy & Collection: We advise on the required documentation based on your specific industry and collect original vouchers monthly.
  • Data Processing: All transactions are entered into specialized accounting software, ensuring data systematicity and easy retrieval.
  • Integrity Review: We perform a meticulous analysis of all accounts to ensure data is complete, accurate, and valid under Vietnamese law.
  • VAS Reporting: Monthly and annual financial statements are prepared according to VAS standards, with optional IFRS conversion for auditing purposes.
  • Managerial Insights: We provide ad-hoc managerial reports tailored to the Board of Directors’ needs, offering a clear view of the company’s financial health.
  • Professional Advice: Acting as your dedicated accounting and tax consultant, we provide real-time updates on new tax policies to help you adapt and optimize tax obligations.

4. Why Vina TPT is the Ideal Partner for SMEs in Vietnam?

We understand the anxieties of business owners in a new market. Vina TPT offers exclusive advantages:

  • “Pay-as-you-grow” Model: Flexible service fees based on actual document volume, starting from just $120 USD/month. This is the perfect solution for SMEs to preserve working capital during the early stages.
  • No Language Barrier: Our experts communicate directly in English or Japanese, ensuring transparency without the need for third-party interpreters.
  • From Compliance to Strategy: We go beyond filing taxes; we provide deep Financial Insights to help you make data-driven business decisions.
  • Confidentiality & Transparency: We guarantee absolute security for all cash flow and accounting data, building a foundation of trust for your operations in Vietnam.

Ready to Optimize Your Accounting Operations in Vietnam with Vina TPT?

Don’t let complex administrative hurdles, shifting tax regulations, or language barriers slow your business progress and market entry. Navigating the Vietnamese regulatory landscape requires precision, and even a small oversight in compliance can lead to costly delays.

Contact our expert team at Vina TPT today for a comprehensive 1-on-1 intensive consultation. We will provide you with a tailored roadmap for outsourcing accounting services for small business, ensuring your financial system is robust, transparent, and fully compliant from day one. Let us handle the complexities of the local system so you can focus entirely on scaling your business and achieving your strategic goals in Vietnam.

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Strategic Benefits of Outsourcing Accounting Services for Small Business

Accounting & Tax, Lasted News

Key Changes to Vietnam Personal Allowances in 2026: Family Deduction Explained

Posted on by ASS
Vietnam Personal Allowances 2026_ Family Deductions Explained-Vina TPT

Vietnam Personal Allowances 2026_ Family Deductions Explained-Vina TPT

1. Overview of Personal Income Tax Thresholds in Vietnam from 2026

The official policy to increase personal allowances to VND 15.5 million per month from 2026 represents a significant adjustment to Vietnam’s personal income tax system, aiming to ease the tax burden and better reflect current living costs. Under this policy, the personal allowance for taxpayers rises from VND 11 million to VND 15.5 million per month, while the allowance for each dependent increases to VND 6.2 million per month.

This change raises the taxable income threshold, providing meaningful support to middle-income earners, especially those with children or other dependents. Effective from the 2026 tax year, the new regulation not only helps reduce financial pressure on salaried individuals but also enables taxpayers to plan their personal finances more proactively in line with economic conditions and cost of living changes.

2. Family Deduction Levels Applicable from 2026

According to the Resolution, starting from the 2026 tax assessment period, personal income applied in personal allowance applied in personal income tax (PIT) calculation will be significantly increased. Specifically:

  • Personal allowance for the taxpayer will be raised to VND 15.5 million per month (equivalent to VND 186 million per year).

  • The dependent allowance will be set at VND 6.2 million per month for each eligible dependent.

Example 1: Individual With No Dependents

  • Monthly income: VND 18,000,000

  • Personal allowance: VND 15,500,000

After applying the personal allowance, only VND 2,500,000 remains subject to personal income tax. If mandatory insurance contributions are further deducted, this individual may not incur any PIT liability.

Example 2: Individual With One Eligible Dependent

  • Monthly income: VND 25,000,000

  • Personal allowance: VND 15,500,000

  • Dependent allowance (1 dependent): VND 6,200,000

Taxable income calculation: 25,000,000 − 15,500,000 − 6,200,000 = VND 3,300,000

This taxable income falls within the lowest PIT bracket under Vietnam’s progressive tax rate system. 

3. Who Qualifies as a Dependent for Family Deduction Purposes?

Pursuant to Point d, Clause 1, Article 9 of Circular No. 111/2013/TT-BTC, dependents eligible for family deductions when calculating personal income tax (PIT) include the following categories:

3.1. Children of the Taxpayer

  • Children under 18 years of age (calculated on a monthly basis).

  • Children aged 18 or older who are disabled and unable to work.

  • Children who are studying in Vietnam or overseas at universities, colleges, professional secondary schools, or vocational institutions, including children aged 18 or older who are still attending high school (including the period from June to September of Grade 12 while awaiting university entrance exam results), with no income or with an average monthly income not exceeding VND 1 million.

3.2. Spouse of the Taxpayer

  • Of working age: must be disabled, unable to work, and have no income or an average monthly income not exceeding VND 1 million.

  • Beyond working age: must have no income or an average monthly income not exceeding VND 1 million.

Specifically, according to Clause 1, Article 4 of Decree No. 135/2020/NĐ-CP, the statutory retirement age in 2025 is:

  • Male employees: 61 years and 3 months

  • Female employees: 56 years and 8 months

3.3. Parents and Parents-in-law

This category includes biological parents, parents-in-law, step-parents, and legally adopted parents:

  • Of working age: must be disabled, unable to work, and have no income or an average monthly income not exceeding VND 1 million.

  • Beyond working age: must have no income or an average monthly income not exceeding VND 1 million.

3.4. Other Individuals Directly Supported by the Taxpayer

  • Biological brothers and sisters.

  • Paternal and maternal grandparents.

  • Aunts, uncles (paternal or maternal).

  • Nieces and nephews (children of biological siblings).

  • Other individuals without means of support, as prescribed by law.

Note: Individuals under this category are only considered eligible dependents if they have no means of support, are directly supported by the taxpayer, and meet the statutory conditions regarding income level and working capacity in accordance with Point đ, Clause 1, Article 9 of Circular No. 111/2013/TT-BTC.

Vietnam Personal Allowances 2026_ Family Deductions Explained-Vina TPT

4. How to Determine Family Deduction When Calculating PIT from 2026

4.1. Step 1: Determine Total Taxable Income for the Period

Total income includes all salary, wages, and salary-like allowances arising during the relevant tax assessment period.

4.2. Step 2: Apply Deductions For The Taxpayer And Eligible Dependents

The personal allowance is deducted directly at VND 15.5 million per month. For each eligible and duly registered dependent, an additional VND 6.2 million per month may be deducted.

Total family deduction = Personal allowance + Dependent allowances.

Accordingly, from 2026, individuals without dependents will only incur personal income tax (PIT) when their income exceeds VND 15.5 million per month, while individuals with one eligible dependent will begin to pay PIT when their income exceeds VND 21.7 million per month. These guidelines enable employees to more easily estimate their taxable income and PIT liabilities, thereby proactively planning their personal finances once the new policy takes effect.

4.3. Illustrative Example

Mr. C is a salaried employee who has registered two eligible dependents.

Monthly income: VND 30,000,000

Personal allowance: VND 15,500,000 per month

Dependent allowances: VND 6,200,000 × 2 = VND 12,400,000 per month

Taxable income: 30,000,000 − 15,500,000 − 12,400,000 = VND 2,100,000 per month

Under the progressive PIT tariff, taxable income of VND 2.1 million per month falls within Bracket 1, subject to a 5% tax rate.

PIT payable: 2,100,000 × 5% = VND 105,000 per month

This example demonstrates that, under the new family deduction thresholds effective from 2026, taxpayers with multiple dependents benefit significantly, as their PIT liabilities are substantially reduced and their net take-home income is improved.

5. How Vina TPT Supports Foreigners with Personal Income Tax Finalization in Vietnam 

Vina TPT offers comprehensive Personal Income Tax (PIT) support for foreign employees in Vietnam, ensuring full compliance with local regulations while simplifying the process for businesses:

  • Record Review: Carefully review labor contracts, payroll records, tax deduction documents, foreign-sourced income records, and related invoices to ensure all data is accurate and complete.
  • Tax Calculation: Calculate taxable income, apply family and dependent deductions, and ensure proper application of Double Taxation Agreements (DTA) to avoid double taxation.
  • Declaration Preparation & Submission: Prepare PIT finalization dossiers and submit them via the e-tax system or on behalf of the business, providing bilingual Vietnamese-English reports for easy monitoring.
  • Tax Refund Support: Assist with preparing and monitoring tax refund dossiers, liaising with tax authorities to secure timely and transparent refunds.
  • Ongoing Consultation: Represent the business in the event of tax audits, additional document requests, or inquiries, helping to manage administrative requirements efficiently.

Contact Vina TPT today for comprehensive consultation and end-to-end support on personal income tax matters in Vietnam.

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setting up company in Vietnam

Business Knowledge, Finance & Accounting Knowledge, Lasted News, Legal News

FDI Company Setup in Vietnam: Business License & Complete 2026 Guide

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setting up company in Vietnam

setting up company in Vietnam

Why Setting up Company in Vietnam is the Strategic Choice for 2026?

The year 2026 marks a pivotal turning point for foreign investors in Vietnam. With significant reforms in the Law on Investment and a roadmap to reduce conditional business lines, the process for setting up a company in Vietnam is becoming more transparent and streamlined than ever.

However, to operate legally in specialized sectors such as retail, distribution, or logistics, investors must follow a structured path from obtaining an IRC and ERC to securing a specific business license.

1. Why Foreign Investors Need a Clear Roadmap in 2026

Starting a business in Vietnam as a foreigner offers immense potential, but understanding the 2026 regulatory landscape is crucial to avoiding delays or rejected applications.

a. FDI Opportunities in 2026

Vietnam maintains its position as Southeast Asia’s “global factory” based on four key pillars:

  • Extensive FTA Network: Leverage tariff incentives from the CPTPP, EVFTA, and RCEP.
  • New Incentive Policies: Strong focus on high-tech projects, circular economy, and renewable energy.
  • Flexible Ownership Structures: 100% foreign ownership is permitted in most sectors, including manufacturing, IT, consulting, and trading.
  • Digitalized Procedures: Significant reduction in waiting times through the National Business Registration Portal.

b. When is a Business License (Trading License) Mandatory?

While many sectors are open, a Business License (Trading License or Retail Distribution License) is still mandatory for foreign investors in “conditional” sectors under WTO commitments and Vietnamese Law.

Even with eased regulations, a separate Business License is required after company formation for:

  • Retail Sales: Directly providing goods to end consumers.
  • Distribution & Import: Applied to restricted or specialized commodity groups.
  • Specialized Services: Logistics, education, healthcare, and F&B.
  • Important Note: By July 1, 2026, sectors like accounting and insurance brokerage will see further liberalization. However, for Retail & Distribution, investors must still seek approval from the Ministry/Department of Industry and Trade.

c. Distinguishing IRC vs. ERC vs. Business License

Understanding these three acronyms is vital for any foreigner setting up a company in Vietnam:

Permit Type Issuing Authority Primary Role
IRC (Investment Registration Certificate) Department of Planning and Investment (DPI) Approves the investment project (capital, objectives, location).
ERC (Enterprise Registration Certificate) Business Registration Office Creates the legal entity and issues the Tax ID.
Business License Relevant Ministry or Department Grants permission to operate in conditional sectors (Retail, etc.).

The Standard Sequence: IRC (Project Approval) → ERC (Company Formation) → Business License (For specific sectors).

2. 5-Step Process for Setting Up Company in Vietnam in 2026

The average timeline for completion ranges from 1 to 2 months, depending on the complexity of your business lines.

Step 1: Choose a Legal Structure & Check Ownership Limits

The most common choice is a Limited Liability Company (LLC) due to its flexibility and limited liability protection. Foreigners must verify if their specific sector requires a Joint Venture (JV) with a Vietnamese partner.

Step 2: Obtain the Investment Registration Certificate (IRC)

Investors submit the application to the DPI. Key documents include:

  • Detailed Investment Project Proposal.
  • Proof of Financial Capacity (Bank statements or audited reports).
  • Office Lease Agreement or Memorandum of Understanding (MOU).
  • Timeline: 15 – 35 working days.

Step 3: Obtain the Enterprise Registration Certificate (ERC)

Once the IRC is issued, the ERC application is typically processed within 3 – 7 working days. This step officially grants your business its legal status.

Step 4: Post-Registration Procedures (Operational Compliance)

Obtaining the ERC is only the beginning. Within 90 days, investors must fulfill these mandatory obligations:

  • Open a Direct Investment Capital Account (DICA): This is the most critical step. All capital contributions, profit repatriations, and share transfers must flow through this account.
  • Capital Contribution: Ensure the total committed capital is transferred into the DICA within 90 days of ERC issuance.
  • Online Investment Reporting: Businesses must report project progress quarterly and annually on the National Investment Information System. Missing these deadlines can lead to heavy administrative fines.
  • Initial Tax & Accounting Setup: Register digital signatures, set up e-invoice templates, and pay Business License Tax (License Fees). Appointing a Chief Accountant or an outsourced accounting representative is a legal requirement for signing financial statements.

Step 5: Specialized Business License (If applicable)

For retail and distribution entities, authorities will assess the application based on local planning and socio-economic impact. Note the Economic Needs Test (ENT) requirement if you plan to open a second retail outlet or more.

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3. Required Documents & Checklist

All foreign documents must be Consularly Legalized, translated into Vietnamese, and notarized.

  • Individual Investors: Notarized passport + Bank balance confirmation.
  • Corporate Investors: Parent company’s Certificate of Incorporation + Audited financial statements (last 2 years) + Resolution appointing the authorized representative.
  • Project Documents: Detailed Business Plan and proof of right to use the business location.

4. Vina TPT: Your Trusted Partner for FDI Success in Vietnam

Establishing a legal entity is just the start. To thrive in the Vietnamese market, businesses need a solid foundation in Accounting, Tax, and HR from day one.

Vina TPT is proud to be a strategic partner, helping foreign investors remove language barriers and navigate local legal complexities:

  • Expert Consulting: From initial setup to tax structure optimization. We keep you updated on the latest regulations, including Global Minimum Tax and 2026 tax incentives.
  • Payroll & HR Management: We handle labor contracts, Social Health & Unemployment Insurance (SHUI), and Personal Income Tax (PIT) finalization for both expats and locals, ensuring absolute confidentiality.
  • Lifecycle Partnership: With over 20 years of experience, Vina TPT provides an “All-in-one” ecosystem. You focus on growth; we handle the administration.
  • No Language Barrier: Our trilingual team (English – Japanese – Vietnamese) ensures transparent communication and seamless management reporting.

Optimize your resources and minimize legal risks with Vina TPT. Contact us today for a 1-on-1 specialized consultation for your 2026 project.

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setting up company in Vietnam

HR News, Labor & Insurance Knowledge, Lasted News

Vietnam to Implement Mandatory Electronic Employment Contracts from July 1, 2026

Posted on by SEN
Vietnam to Implement Mandatory Electronic Employment Contracts from July 1, 2026

vietnam-electronic-employment-contracts-vinatpt

1- Overview of Decree 337/2025/ND-CP (Electronic Employment Contracts)

Decree 337/2025/ND-CP, issued by the Government of Vietnam on December 24, 2025, marks an important milestone in the digitalization of labor relations. This Decree focuses on providing detailed regulations on electronic employment contracts, aiming to promote digital transformation in human resources and labor management.

Although the Decree takes effect on January 1, 2026, the specific regulations on the conclusion and implementation of electronic employment contracts will be fully applied from July 1, 2026, coinciding with the official operation of the National Electronic Employment Contract Platform.

The Decree consists of 5 chapters and 30 articles, developed based on the 2019 Labor Code and the 2023 Law on Electronic Transactions. Its main contents focus on the following aspects:

Definition and legal validity 

An electronic employment contract is defined as an employment contract concluded in the form of electronic data messages and has the same legal validity as a traditional paper-based employment contract. This ensures that electronic employment contracts are fully legally enforceable, provided that they comply with regulations on digital signatures, trusted timestamps, and data security
(Source: Decree 337/2025/ND-CP, Article 4).

Principles of application 

The parties involved must strictly comply with laws on labor, electronic transactions, cybersecurity, personal data protection, and electronic data storage. The Decree emphasizes voluntariness, equality, and protection of employees’ rights, while encouraging the use of electronic employment contracts to gradually replace traditional paper-based contracts, thereby reducing administrative burdens.

National platform 

Developed and managed by the Ministry of Home Affairs, the national platform will assign a unique identification code (ID) to each electronic employment contract, enabling state authorities to easily search, manage, and supervise employment relationships. This not only enhances transparency but also supports enterprises in periodic labor reporting
(Source: Government News Portal).

Scope of application 

The Decree applies to all enterprises, employers, and employees in Vietnam, including foreign employees working in Vietnam. It also clearly regulates the conversion of paper-based employment contracts into electronic form, requiring digital signatures to confirm the accuracy and authenticity.

2- How does this impact businesses? 

The issuance of Decree 337/2025/ND-CP will bring significant changes to businesses in Vietnam, especially in the context of accelerating digital transformation. Electronic employment contracts are not only a modernization tool but also offer substantial practical benefits, while also posing certain challenges that businesses must address. 

2.1 Key benefits for businesses 

  • Cost and time savings:
    Instead of printing, storing, and physically transferring documents, businesses can conclude electronic employment contracts remotely via digital platforms. For example, a multi-branch company can sign contracts with employees in different provinces without face-to-face meetings, potentially reducing administrative costs by up to 50%, according to HR experts.
  • Greater flexibility and management efficiency:
    With identification codes assigned on the national platform, businesses can easily search, update, and report employment data. This is particularly beneficial for large companies managing thousands of employment contracts. In addition, electronic employment contracts can be integrated with internal HR systems, helping to automate recruitment, payroll, and attendance processes. 
  • Enhanced transparency and legal compliance:
    Electronic contracts protected by digital signatures and trusted timestamps reduce the risk of forgery or document loss. Businesses can easily demonstrate compliance with the Labor Code during inspections by state authorities while protecting the rights and interests of both parties. 
  • Competitive advantage:
    Enterprises that adopt electronic employment contracts early are more attractive to young, tech-savvy talent and are better aligned with modern remote-working trends. 

2.2 Challenges and potential risks 

  • High technical requirements:
    Businesses must invest in digital signatures, security systems, and connectivity with the national platform. Without timely preparation, companies may face difficulties from July 1, 2026, leading to delays in signing new employment contracts. 
  • Data security risks:
    Electronic storage increases the risk of personal data breaches if cybersecurity measures are inadequate. Although the Decree requires compliance with the 2018 Cybersecurity Law, many small businesses may lack sufficient resources. 
  • Transition from existing contracts:
    Existing paper-based employment contracts need to be converted into electronic form in oder to be integrated into the national platform, requiring time and costs for digital signature authentication. 
  • Impact on employees:
    Some older employees or workers in remote areas may not be familiar with digital tools, requiring additional training and support from employers. 

Overall, Decree 337/2025/ND-CP promotes deeper integration of Vietnamese businesses into the digital economy but requires careful preparation to maximize benefits while minimizing risks. 

Decree-3372025ND-CP-Electronic-Employment-Contracts-VinaTPT

3 – What should businesses prepare for electronic employment contracts before 01 July 2026? 

To comply with Decree 337/2025/ND-CP and effectively implement electronic employment contracts, businesses should develop a detailed preparation plan as early as possible. The following practical steps are recommended: 

  • Build technical infrastructure:
    Register digital signatures for legal representatives and HR staff with licensed public certification authorities (CAs) such as Viettel CA or VNPT CA. Ensure that internal systems support secure digital signing and data storage, in compliance with ISO 27001 standards. 
  • Select an eContract service provider:
    Choose reputable providers licensed to authenticate electronic data messages, such as FPT, Viettel, or VNPT. Providers must meet 13 technical requirements stipulated in the Decree, including API connectivity with the national platform and robust data security measures. 
  • Prepare digital identification documents:
    Collect electronic citizen IDs, business registration certificates, and Level-2 electronic identification accounts for both individuals and enterprises. Employees should be encouraged to use biometric authentication (fingerprints or facial recognition) to enhance security. 
  • Training and internal process updates:
    Organize training sessions for HR teams on electronic employment contract workflows, including sending and receiving contracts, dispute handling, and reporting via the national platform. Update internal HR manuals to incorporate the new regulations. 

To support businesses in implementation, companies such as Vina TPT—a professional provider of HR, payroll, and labor compliance services in Vietnam—can serve as an ideal partner. With extensive experience in payroll outsourcing, Vina TPT helps enterprises integrate electronic employment contracts effectively and in compliance with regulations. 

Decree 337/2025/ND-CP is not only a legal requirement but also an opportunity for Vietnamese businesses to modernize HR management. Early preparation will help minimize risks and maximize the benefits of electronic employment contracts.

If you need advice tailored to your company’s specific situation, please contact Vina TPT for prompt and professional support. 

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Company Formation, Lasted News

Essential Step For Setting Up a Company in Vietnam| Trading Businesses

Posted on by SEN

setting-up-a-company-in-vietnam-trading-Vina-TPT-Legal

Are you looking for a solution for setting up a company in Vietnam and explore opportunities in one of Asia’s fastest-growing economies? Vietnam, with its strategic geographic location along the South China Sea and borders with China, Laos, and Cambodia, has become a top destination for foreign investors in the trading sector. However, full legal compliance is essential for sustainable success, governed by the Law on Investment 2020 (amended in 2025) and the Law on Enterprises 2020. This comprehensive guide details the essential steps to set up a trading company in Vietnam, from basic concepts to full operations, catering to both informational and transactional search intent. 

  • Key Benefits: Access to FTAs for tariff reductions, excellent logistics positioning, and policies allowing up to 100% foreign ownership in most trading activities. 
  • Challenges to Consider: Administrative procedures can take 1–6 months, and it’s crucial to stay updated on recent changes, such as the 2025 Investment Law amendments permitting company establishment before obtaining the Investment Registration Certificate (IRC). 

By following these steps carefully, you can successfully start a business in Vietnam as a foreigner. 

1/ What is a Trading Company in Vietnam? 

A trading company in Vietnam specializes in buying and selling goods, including import, export, wholesale/retail distribution, and related services, regulated by Decree 09/2018/ND-CP (with a replacement draft under discussion in 2025). Unlike manufacturing companies, which focused on production or service providers offering labor or consulting, trading companies serve as intermediaries in the supply chain, connecting producers with consumers. With Vietnam’s exports surging by 28% in 2025, this sector is booming—especially in electronics, textiles, and agricultural products. According to the Ministry of Industry and Trade, trading contributes 15–20% to GDP, with an average annual growth rate of 9–10% over the past decade, fueled by international integration. 

Key Activities: 

  • Importing goods from abroad for domestic distribution. 
  • Exporting Vietnamese products to global markets. 
  • Wholesale and retail distribution through traditional or online channels. 
  • Logistics, warehousing, and product promotion services. 

Comparison table with other business types: 

Type  Key Characteristics  Example 
Trading  Focuses on buying/selling, no production  Mobile phone importer, apparel distributor 
Manufacturing  Produces goods from raw materials  Textile factory, electronics component maker 
Services  Provides labor or advisory services  Software consulting, management consulting 

2/ Benefits and Challenges of Setting Up Company in Vietnam 

Setting up a trading company in Vietnam offers substantial advantages but also involves challenges. Here is a clear comparison: 

Benefits  Challenges  Illustrative Example 
Young market with 100 million consumers and high demand  Complex and potentially lengthy administrative procedures Textile exports grew by 20% due to young population 
Strategic location near China and major sea routes  A local partner is required hoặc Local partners are required Logistics advantages reduce transport costs by 15% 
FTAs reduce tariffs and open access to EU and US markets  Currency fluctuations and legal risks  EVFTA boosts agricultural exports by 25% 

The benefits clearly outweigh the challenges with proper planning. For example, foreign investors can leverage FTAs to expand markets but must comply with regulatory requirements such as the Economic Needs Test (ENT) for multiple retail outlets. 

3/ Legal Requirements and Foreign Ownership Rules 

Under the Law on Investment 2020 (amended 2025) and the Law on Enterprises 2020, Vietnam permits up to 100% foreign ownership in most trading sectors, except for restricted industries such as pharmaceuticals, oil and gas, and printing. The 2025 amendments (effective from 2026) simplify procedures by allowing company registration before IRC issuance and reducing conditional business lines from 243 to approximately 200. These changes have driven record FDI inflows in 2025. Compliance with Decree 09/2018/ND-CP (a replacement draft pending) remains required for foreign-invested trading operations. 

Key Requirements: 

  • Investment registration with the Department of Finance (DOF) 
  • Compliance with WTO market access commitments. 
  • ENT evaluation for retail operations involving multiple stores. 

Restricted Product Categories and Conditional Business Lines 

Certain products are restricted or required special conditions under the Investment Law and Decree 09/2018/ND-CP, such as explosives, printing materials, and pharmaceuticals. 

Summary table: 

Product Category  VSIC Code  Restrictions 
Explosives  2029  Import prohibited except for national defense purpose
Printing Materials  1811  Requires approval from Ministry of Information 
Pharmaceuticals  2100  Foreign ownership limited to 49% 

Verification checklist: 

  • Check the national portal for conditional business lines. 
  • Assess legal risks with a local lawyer. 
  • Monitor the draft replacement of Decree 09 for 2026 updates. 

setting-up-a-company-in-vietnam-trading-Vina-TPT-Tax-Consultant

4/ Choosing the Right Business Structure 

Selecting the right business structure for your trading company depends on its scale and ownership. Under the Law on Enterprises 2020, the two most common forms are the Limited Liability Company (LLC) and the Joint Stock Company (JSC), with the LLC being ideal for smaller businesses due to its simpler procedures. 

  • LLC Pros & Cons: Flexible, liability limited to contributed capital; drawback: harder to raise large capital. 
  • JSC Pros & Cons: Easier to list on stock exchanges; drawback: more complex structure, requires at least 3 shareholders. 

Comparison table: 

Structure  Number of Members  Legal Liability 
LLC  1–50  Limited to contributed capital 
JSC  Minimum 3  Limited to share capital 

For foreign investors with limited capital, an LLC is the best choice for a fast start. 

LLC vs. JSC: Which is Best for Trading? 

Detailed comparison: 

LLC  JSC  Best for Trading 
Simple procedures, flexible capital  More complex, easier expansion  High for small businesses, local distribution 
No board of directors required  Requires diverse shareholders  Lower if needing large capital for exports 

LLC is generally more suitable for trading due to its flexibility. For example, a foreign agricultural trading company often opts for an LLC to quickly begin import operations. 

Consult a Business Setup Expert

5/ Capital Requirements and Financial Planning 

Vietnam imposes no fixed minimum capital for trading companies, but charter capital must be “reasonable” to demonstrate operational capability. A typical recommendation is USD 10,000–50,000, depending on the business plan. Total investment capital includes charter capital and other expenses, with full contribution required within 90 days of registration. 

Financial preparation checklist: 

  • Estimated setup costs: USD 3,000–10,000 for procedures and office. 
  • Reserve for VND/USD exchange rate risks. 
  • Budget for taxes and employee salaries. 

Estimated capital table: 

Recommended Capital  Purpose 
USD 10,000  Basic operations, small-scale distribution 
USD 50,000  Expansion of import/export activities 

6/ Essential Steps to Setting Up a Company in Vietnam as a Foreign Investor 

Setting up a foreign-invested company in Vietnam requires following a clear, structured process to ensure full legal compliance and smooth operations. This step-by-step guide is tailored for foreign-owned trading or commercial entities. 

Step 1: Prepare Your Investment Documentation 

Gather all necessary paperwork for your investment project. This includes defining your business model (e.g., Limited Liability Company – LLC, joint venture, or representative office), choosing the right structure, and outlining main activities. Verify that your industry allows foreign ownership under Vietnamese law. 

Step 2: Submit Application for the Investment Registration Certificate (IRC) 

The IRC is the foundational approval for foreign-invested enterprises. It authorizes your project and details the charter capital, scale, location, and business scope. Without an IRC, you cannot proceed to company registration. 

Required documents: 

  • Application form and a detailed project proposal (objectives, scale, capital, location, and timeline). 
  • Proof of financial capability (bank statements, audited financials, or credit agreements). 
  • Legal documents: notarized passport (individuals) or business registration certificate (organizations), both legalized. 
  • Proof of location (lease agreement or land use rights). 
  • Power of attorney (if using a third-party service). 

Foreign documents require consular legalization and official Vietnamese translation. Partnering with a professional company setup service such as Vina TPT is recommended to avoid delays. 

Step 3: Obtain the Enterprise Registration Certificate (ERC) 

After the IRC issuance, register the company to receive the ERC, which establishes its legal identity in Vietnam. 

Step 4: Open a Corporate Bank Account and Inject Charter Capital 

Open a dedicated capital account at a licensed Vietnamese bank. Contribute the full charter capital within 90 days of ERC issuance to avoid penalties and ensure the credibility for future permits. 

Step 5: Complete Tax Registration and Post-Licensing Formalities 

Register for a tax ID, VAT, and fulfill obligations such as social insurance and labor compliance if hiring staff. 

Step 6: Secure Industry-Specific Licenses (If Applicable) 

Sectors like trading, retail, F&B, education, or e-commerce may require additional permits. 

By following these steps and staying updated on regulations, foreign investors can successfully set up company in Vietnam.

setting-up-a-company-in-vietnam-trading-Vina-TPT

7/ Taxation, Compliance, and Ongoing Operations 

Foreign-invested trading enterprises (FDIs) in Vietnam must strictly comply with tax, labor, and periodic reporting obligations to avoid penalties and maintain legal standing. 

A – Taxes: 

  • Corporate Income Tax (CIT): 20% (15–17% incentives for SMEs from late 2025 if revenue < VND 50 billion); quarterly provisional payments (at least 80% of annual obligation); due by the 30th of the first month of the following quarter; annual declaration within 90 days after the fiscal year-end. 
  • Value Added Tax (VAT): 8–10% (reduced to 8% until 2026); monthly declaration (revenue > VND 50 billion/year) or quarterly declaration; due by the 20th of the following month or the end of the first month of the next quarter; retain invoices for deductions. 
  • Personal Income Tax (PIT): 5–35% (residents) or 20% (non-residents); withholding and declaration monthly/quarterly, aligned with VAT; annual employee declaration. 
  • Other fees (environmental protection, resource tax, land use): Usually annually or on an event basis, with changes required to be reported within 30 days.

B – Laws and Other Compliance: 

  • Labor Law 2019 (amended): Work permits for foreigners; quarterly labor reports; standard contracts; monthly social insurance contributions (pension, health, unemployment insurance). 
  • Intellectual Property: Registration and monitoring (annual review recommended). 
  • Financial Reporting: Annual audited financial statements for FDI, submitted with final CIT. 
  • Transfer Pricing: Local/master file prepared annually, submitted within 90 days after the fiscal year-end if thresholds are met. 

Compliance Checklist: 

Requirement  Details  Frequency  Deadline  Penalties if Violated 
VAT Declaration & Payment  Input/output, deductions (Form 01/GTGT or 04/GTGT)  Monthly (>50B VND) or quarterly  20th of next month or end of first month of next quarter  0.03%/day interest, disallowed deductions, audits 
PIT Withholding & Declaration  Employee withholding (Form 05/KK-TNCN)  Monthly/quarterly  20th or end of the first month of next quarter; annual within 90 days  Daily fines, criminal liability 
Provisional CIT Payment  Estimated profit-based  Quarterly  30th of the first month of next quarter  Interest if below 80% the annual obligation 
Social Insurance  Contributions and reporting  Monthly  Aligned with PIT monthly/quarterly  Late fees, hiring restrictions 
Labor Usage Report  Employee numbers and changes  Quarterly  End of the quarter  Administrative fines, suspension 
FCT Declaration  Payments to foreign contractors  Monthly or per payment  20th of the next month or 10 days after payment  Employer liability, heavy fines 
Transfer Pricing  Local/master file  Annually  90 days the after fiscal year-end  Audits, tax adjustments 
Audited Financial Statements  VAS-compliant with independent audit  Annually  With final CIT (90 days)  Mandatory audits, penalties for errors 

FDI companies should engage professional accounting services and monitor updates such as Decree 132/2025/ND-CP on CIT, ensuring electronic filing with digital signatures. 

8/ Frequently Asked Questions (FAQs) 

  • Can foreigners own 100% of a trading company in Vietnam? 

Yes, foreign investors can own up to 100% in most sectors, including import-export and distribution. Exceptions apply to restricted sectors such as pharmaceuticals, oil and gas, or printing, where ownership may be limited or may require a local partner. 

  • What is the minimum capital required? 

No fixed minimum capital exists for most trading companies. Charter capital must be reasonable to support operations. Authorities often recommend at least USD 10,000 to show financial capability and avoid delays. The exact amount depends on your business plan and scale. 

  • How long does it take to set up? 

Setting up a business in Vietnam as a foreigner typically takes 1–2 months, depending on the complexity and the province. The IRC usually takes 30–45 working days, the ERC follows in 7–14 days. Additional licenses and post-registration steps may extend the timeline. 

  • Do I need a local partner? 

For general trading (import, export, wholesale, and distribution), no local partner is needed—100% foreign ownership is allowed. In restricted or conditional sectors (e.g., multi-outlet retail, pharmaceuticals, and media), a local partner or joint venture may be required. 

  • How to start a business in Vietnam as a foreigner? 

Follow these key steps: obtain the Investment Registration Certificate (IRC), then the Enterprise Registration Certificate (ERC), secure trading or sector-specific licenses, open a corporate bank account, contribute charter capital, and complete tax registration. Using professional services like Vina TPT’s company setup service ensures accuracy and efficiency. 

Vina TPT – Your Trusted Partner for Foreign Businesses in Vietnam 

Vina TPT is one of Vietnam’s leading company formation consultancies, specializing in helping foreign investors to set up companies in Vietnam for trading, manufacturing, and services. With over 20 years of experience, Vina TPT has assisted hundreds of FDI companies from Europe, the US, Japan, Korea, and Singapore in successfully obtaining IRCs, ERC, and required licenses in minimal time. 

  • Multilingual Expert Team: Lawyers, accountants, and registration specialists fluent in English, Japanese, and more for seamless communication. 
  • Fast and Transparent Process: Commitment to completing the IRC in 30–45 working days and the ERC in 7–14 days, with a near-100% success rate. 
  • Full-Service Package: From company registration to capital advisory, bank account opening, tax filing, work permits, social insurance, and transfer pricing support. 
  • Competitive and Transparent Pricing: Clear quotes with no hidden fees, ideal for SMEs. 
  • Long-Term Post-Setup Support: Daily operational guidance and updates on the latest laws (including the 2025 Investment Law changes) to minimize risks and support sustainable growth. 

We go beyond simply setting up a company in Vietnam – we help you build a strong foundation for success. With our commitment to “Fast – Accurate – Cost-Effective” service, Vina TPT saves time, reduces legal risks, and lets you focus on business growth. Hundreds of satisfied clients trust Vina TPT – contact us today for a free consultation and a personalized quote tailored to your needs. 

BOOK A FREE CONSULTATION

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Accounting & Tax, Lasted News, Tax News

Updated List of Foreign Contractors Registered for Tax in Vietnam 2024-2025

Posted on by ASS
List of foreign contractors registered for tax in Vietnam including Google, Meta and Microsoft

Official list of foreign contractors registered for tax in Vietnam under Circular 80

1. Comprehensive List of Foreign Contractors Registered for Tax in Vietnam

In recent years, the General Department of Taxation (GDT) of Vietnam has revolutionized the tax landscape for digital services. By launching a dedicated e-tax portal Vietnam (etaxvn.gdt.gov.vn), the GDT now allows foreign information providers and non-resident contractors to register, declare, and pay taxes directly. This shift significantly impacts how local businesses manage their Foreign Contractor Tax (FCT) obligations, moving the compliance burden from the local buyer to the international seller. Understanding the current list of foreign contractors registered for tax in Vietnam is the first step for any business to ensure they are applying the correct tax treatment for cross-border transactions.

2. Why You Need to Track This List

For Vietnamese accountants and business owners, regularly monitoring the list of foreign contractors registered for tax in Vietnam is crucial for navigating FCT compliance because:

  • Direct Tax Compliance: It determines whether the Vietnamese buyer must withhold tax or if the foreign information providers on the list of foreign contractors registered for tax in Vietnam handle it directly via the e-tax portal Vietnam.

  • Expense Validation: Ensuring the FCT tax codes (MST) provided on digital receipts matches the official list of foreign contractors registered for tax in Vietnam is vital for valid Corporate Income Tax (CIT) deductions.

  • Avoiding Double Taxation: By referring to the list of foreign contractors registered for tax in Vietnam, businesses can accurately apply rules for cross-border digital services under Circular 80/2021/TT-BTC without risk of overpayment.

3. Featured List of Foreign Contractors Registered for Tax in Vietnam

Below is the directory of major entities that have successfully registered their FCT tax codes as shown in the official list of foreign contractors registered for tax in Vietnam.

NO TAX CODE TAXPAYER’S NAME TC ISSUE DATE
1 9000001017 Addons Studio LLC 07/05/2024 14:40:41
2 9000001169 Lemon Squeezy LLC 02/05/2024 08:07:32
3 9000001151 Replay 02/05/2024 08:06:36
4 9000001144 SEMRUSH INC. 23/04/2024 17:50:45
5 9000001137 PMMAX Technology Limited 23/04/2024 17:50:38
6 9000001112 Elsevier B.V. 22/04/2024 08:42:25
7 9000001105 Elsevier Inc. 22/04/2024 08:42:09
8 9000001095 Elsevier Limited 22/04/2024 08:35:37
9 9000001088 Nanyang Technological University 22/04/2024 08:34:41
10 9000001070 Clearword Ltd 13/04/2024 15:33:34
11 9000001063 With Reach UK Ltd 09/04/2024 16:15:14
12 9000001056 Association Of Chartered Certified Accountants 25/03/2024 11:27:18
13 9000001049 Predibase 21/02/2024 08:45:09
14 9000001031 Posit Software PBC 16/02/2024 08:57:58
15 9000001024 CYBERGHOST S.R.L. 16/02/2024 08:53:01
16 9000000990 upvpn LLC 29/01/2024 18:07:05
17 9000000983 Ahrefs Pte. Ltd. 29/01/2024 18:06:29
18 9000000976 Brainfish Pty Ltd 17/01/2024 11:11:45
19 9000000969 Codecademy LLC 09/01/2024 19:35:40
20 9000000951 YX ECOMMERCE SUPPLY (HONG KONG) LIMITED 09/01/2024 19:32:28
21 9000000944 Surfshark B.V. 09/01/2024 19:23:55
22 9000000937 PIA Private Internet Access, Inc 15/12/2023 14:01:32
23 9000000912 Express Technologies Limited 08/12/2023 11:20:12
24 9000000905 FREEPIK COMPANY, S.L 26/10/2023 09:12:02
25 9000000895 Aptoide S.A. 26/10/2023 09:11:51
26 9000000888 Nintendo Co., Ltd. 24/10/2023 11:37:26
27 9000000870 Olea Global Pte. Ltd. 23/10/2023 14:47:48
28 9000000863 Metis.AI UG (haftungsbeschränkt) 07/10/2023 17:28:06
29 9000000856 VERICANT INTERNATIONAL HOLDINGS LIMITED 29/09/2023 16:31:27
30 9000000849 TRIP.COM TRAVEL SINGAPORE PTE. LTD. 17/09/2023 20:11:41
31 9000000831 Upwork Global Inc. 14/09/2023 11:06:50
32 9000000824 VELOTRADE MANAGEMENT LIMITED 13/09/2023 13:02:42
33 9000000817 Match Group, LLC. 05/09/2023 09:59:04
34 9000000782 Localization Academy Inc. 05/09/2023 09:58:13
35 9000000775 INDEFINITE 03/08/2023 08:40:28
36 9000000768 AMAZON ASIA-PACIFIC HOLDINGS PRIVATE LIMITED 03/08/2023 08:36:31
37 9000000750 HONG KONG EXPRESS AIRWAYS LIMITED 01/08/2023 17:05:16
38 9000000736 Blinks Labs GmbH 27/07/2023 10:54:38
39 9000000743 Epic Games Commerce GmbH 21/07/2023 14:46:26
40 9000000729 Sandbox Interactive GmbH 22/06/2023 16:11:48
41 9000000711 Epic Games Entertainment International GmbH 22/06/2023 16:11:16
42 9000000704 Foxit Software Incorporated 17/06/2023 12:28:16
43 9000000694 Ganjingworld Corporation 09/05/2023 09:16:02
44 9000000687 nordvpn S.A. 27/04/2023 10:14:53
45 9000000662 GARMIN (EUROPE) LIMITED 25/04/2023 10:27:45
46 9000000655 BYTEDANCE PTE. LTD. 21/04/2023 14:17:01
47 9000000648 POLIGON PTE. LTD. 21/04/2023 14:16:54
48 9000000630 MySchool Ltd 13/03/2023 15:23:57
49 9000000623 Udemy, Inc. 03/03/2023 10:02:33
50 9000000616 TENCENT MUSIC ENTERTAINMENT HONG KONG LIMITED 27/02/2023 08:58:33
51 9000000599 Bitrix, Inc. 06/02/2023 11:17:13
52 9000000581 Galactic Entertainment NFTs Limited 19/01/2023 14:53:33
53 9000000574 University of London 19/01/2023 11:03:26
54 9000000567 ZOOM VIDEO COMMUNICATIONS INC 10/01/2023 17:00:46
55 9000000542 TRADINGVIEW, INC. 25/11/2022 10:01:25
56 9000000535 Trinity College London Press Limited 23/11/2022 10:08:41
57 9000000528 NBA Digital Services International, Inc. 23/11/2022 10:02:24
58 9000000510 The Chancellor, Masters, and Scholars of the University of Cambridge 14/11/2022 10:21:00
59 9000000503 Shen Yun Zuo Pin, Inc. 09/11/2022 16:05:09
60 9000000422 Fenix International Limited 18/10/2022 10:59:50
61 9000000493 DialogEdu, LLC 10/10/2022 17:22:23
62 9000000486 Apple Distribution International Limited 29/09/2022 08:22:44
63 9000000479 Verifone Payments B.V. 21/09/2022 08:21:52
64 9000000461 ETSY IRELAND 13/09/2022 16:41:16
65 9000000454 Bloomberg Finance Singapore L.P. 13/09/2022 16:38:35
66 9000000447 PADDLE.COM MARKET LIMITED 05/09/2022 11:18:10
67 9000000415 Google Asia Pacific Pte Ltd 15/08/2022 14:54:14
68 9000000408 TOKGISTIC PTE. LTD. 11/08/2022 16:54:48
69 9000000398 University of Auckland 29/07/2022 17:24:35
70 9000000380 MORRIS SHIPPING INTERNATIONAL LIMITED 20/07/2022 08:46:30
71 9000000373 Bloomberg L.P. 11/07/2022 11:32:09
72 9000000366 eBay Marketplaces GmbH 28/06/2022 20:52:39
73 9000000359 Canva Pty Ltd 23/06/2022 18:37:44
74 9000000341 MCAFEE IRELAND LIMITED 01/06/2022 14:30:09
75 9000000334 CGTrader UAB 30/05/2022 10:39:47
76 9000000327 META PLATFORMS IRELAND LIMITED 27/05/2022 10:23:13
77 9000000302 Hostinger PTE Ltd. 27/05/2022 10:23:08
78 9000000292 META PLATFORMS TECHNOLOGIES IRELAND LIMITED 27/05/2022 10:22:58
79 9000000285 FACEBOOK PAYMENTS INTERNATIONAL LIMITED 27/05/2022 10:22:52
80 9000000278 2C2P PTE.LTD 24/05/2022 18:27:49
81 9000000260 PIPO (HK) Limited 20/05/2022 11:41:10
82 9000000207 Cricut Inc 06/05/2022 18:07:24
83 9000000197 Spotify AB 05/05/2022 14:30:46
84 9000000172 TRAVELOKA SERVICES PTE.LTD. 30/04/2022 08:47:53
85 9000000165 Huawei Services (Hong Kong) Co., Limited 29/04/2022 16:48:55
86 9000000158 IMAGE FUTURE INVESTMENT (HK) LIMITED 28/04/2022 15:52:35
87 9000000140 KLOOK TRAVEL TECHNOLOGY LIMITED 27/04/2022 17:03:21
88 9000000133 Samsung Electronics Co., Ltd. 27/04/2022 14:30:26
89 9000000126 LinkedIn Singapore Pte. Ltd. 18/04/2022 08:41:35
90 9000000119 EZVIZ INTERNATIONAL LIMITED 18/04/2022 08:41:25
91 9000000101 Educational Testing Service 13/04/2022 16:21:51
92 9000000091 Blizzard Entertainment Inc 06/04/2022 14:41:27
93 9000000084 TIKTOK PTE. LTD. 04/04/2022 11:07:49
94 9000000077 Netflix Pte. Ltd. 31/03/2022 15:39:17
95 9000000052 iHerb, LLC 30/03/2022 10:50:20
96 9000000045 Microsoft Regional Sales Pte Ltd 24/03/2022 15:56:01

How to Search for Foreign Tax IDs (MST) Online

To verify if a specific foreign partner is registered, follow these steps:

  1. Visit the Official Portal for Foreign Suppliers

  2. Navigate to the “Taxpayer Information” or “Look up Information” section.

  3. Enter the entity name or the 10-digit Tax ID to check their current status.

4. Key Considerations for FCT Compliance

  • Direct Registration: If a provider is found on the list of foreign contractors registered for tax in Vietnam, the local buyer is generally relieved from declaring and paying FCT on their behalf.

  • Invoicing & Verification: Always verify that the digital invoice includes a 10-digit FCT tax code that matches the list of foreign contractors registered for tax in Vietnam.

  • E-tax Portal Verification: Use the e-tax portal Vietnam to look up any new foreign information providers that might have joined the list of foreign contractors registered for tax in Vietnam mid-quarter.

5. Conclusion

Staying updated with the list of foreign contractors registered for tax in Vietnam is no longer just a recommendation—it is a critical requirement for maintaining financial transparency and FCT compliance. Referring to the official list of foreign contractors registered for tax in Vietnam ensures your business adheres to Circular 80/2021/TT-BTC guidelines.

For businesses, verifying the tax status of foreign information providers through this list of foreign contractors registered for tax in Vietnam is the most effective way to mitigate risks during tax audits. By confirming that a provider has registered their FCT tax code on the list of foreign contractors registered for tax in Vietnam, you can confidently manage your international payments and ensure that all expense claims remain valid under current laws.

6. How Vina TPT Supports Your FCT Compliance

Vina TPT Accounting Service provides specialized support for businesses dealing with foreign information providers and the list of foreign contractors registered for tax in Vietnam:

  • Tax Compliance Review: Verifying partners against the latest list of foreign contractors registered for tax in Vietnam.
  • Circular 80/2021/TT-BTC Advisory: Managing filings for providers not yet on the list of foreign contractors registered for tax in Vietnam.
  • FCT Tax Code Verification: Ensuring your receipts from the list of foreign contractors registered for tax in Vietnam are 100% tax-deductible.
  • E-tax Portal Management: Assisting with documentation and reporting via the e-tax portal Vietnam.

Contact Vina TPT today for a free consultation. Let us help you navigate the list of foreign contractors registered for tax in Vietnam and stay legally secure.

CONTACT YOUR EXPERT