Accounting & Tax, Lasted News

What Is Included in Business Accounting Services in Vietnam?

Posted on 22/09/202622/09/2026 by VINA TPT

You have just entered the Vietnamese market and are looking for a business accounting services provider that can optimize cost while still covering your basic compliance obligations. At this stage, many investors still do not have a clear picture of what they actually need: bookkeeping and tax filing only, or also payroll, labor reports, financial statements, and investment reports.

This article from Vina TPT breaks the work down by scope so you can choose an accounting services Vietnam package that matches real operating needs – complete on mandatory obligations, with nothing missing and nothing surplus relative to your current scale.

1. Bookkeeping and Daily Financial Records

The core foundation of any professional outsourcing accounting Vietnam solution is a daily bookkeeping system that is recorded accurately and in strict compliance with the Vietnamese Accounting Standards (VAS).

This workstream includes:

Document receipt and review: Checking the legality, validity, and reasonableness of all incoming and outgoing e-invoices, bank documents, commercial contracts, and customs declarations (if the company has import-export activities).
VAS bookkeeping: Recording in detail the transactions arising in revenue, expenses, fixed assets, prepaid expenses, inventory, and provisions under the correct VAS accounts.
Receivables, payables, and bank reconciliation: Reconciling bank statements (VND and foreign-currency accounts) and maintaining detailed records of customer receivables and supplier payables.

Vina TPT’s management view: Accounting data is not merely for internal storage. It must be of a standard that reconciles 100% with VAT returns, the annual audited financial statements, and FDI investment reports. If there is a discrepancy among these three data sources, the company faces a high risk of tax reassessment and significant penalties at finalization.

2. Tax Compliance and Statutory Filings

Tax filing is the highest-risk workstream if the company does not keep up with changes in legal regulations. A provider of business accounting services is responsible for fulfilling all of the following obligations:

Value-Added Tax (VAT): Preparing and filing VAT returns on a monthly or quarterly basis; strictly reviewing input VAT deduction conditions (especially the mandatory bank-transfer requirement for invoices of VND 5 million or more).
Corporate Income Tax (CIT): Calculating quarterly provisional CIT (ensuring that the total provisional payments over four quarters are not lower than 80% of the amount payable on the annual finalization) and preparing the annual CIT finalization return.
Personal Income Tax (PIT): Filing withholding PIT returns monthly or quarterly and preparing the annual PIT finalization return for all employees.
Foreign Contractor Tax (FCT): Declaring and paying FCT arising from service contracts, royalties, international freight charges, or loan interest paid to foreign counterparties.
Business license fee and other taxes: Declaring and paying the business license fee at the beginning of the year, as well as natural resource tax and special consumption tax (if applicable).

The advisory firm must proactively track the tax calendar and alert the company to statutory deadlines in order to fully prevent late-payment penalties or a locked Tax Identification.

3. Payroll, PIT, Social Insurance and Labor Reports

Payroll cannot be separated from the accounting system. Errors in salary calculation and insurance will distort cash flow, affect deductible expenses for CIT purposes, and constitute labor-law violations.

A complete service package should include:

Payroll and insurance obligations: Preparing the payroll, issuing confidential payslips, calculating PIT withholdings, making social insurance, health insurance, and unemployment insurance contributions, and registering tax identification numbers and dependents for employees. For expatriates, the specialist must carefully check the Work Permit and Temporary Residence Card (TRC) conditions and correctly determine tax residency status (resident or non-resident) in order to calculate PIT accurately.
Five mandatory labor reports: In addition to tax returns, FDI companies are required to submit five periodic labor reports according to the standard schedule below:

Labor Report	Receiving Authority	Filing Deadline	Prescribed Form
1. Report on labor utilization	Department of Labor, Invalids and Social Affairs / Industrial Park or Economic Zone Management Board	Twice a year: before 5 June and 5 December	Form No. 01/PLI (Decree 145/2020/ND-CP)
2. Report on unemployment insurance participation	Department of Labor, Invalids and Social Affairs	Once a year: before 15 January of the following year	Form No. 33 (Circular 28/2015/TT-BLDTBXH)
3. Occupational accident report	Department of Labor, Invalids and Social Affairs	Twice a year: before 5 July and 10 January of the following year	Appendix XII (Decree 39/2016/ND-CP)
4. Occupational safety and hygiene report	Department of Labor, Invalids and Social Affairs and Department of Health	Once a year: before 10 January of the following year	Appendix II (Circular 07/2016/TT-BLDTBXH)
5. Occupational health report	District/City Medical Center	Twice a year: before 5 July and 10 January of the following year	Appendix 8 (Circular 19/2016/TT-BYT)

4. Financial Reporting and Management Reports

At the end of the financial year, the accounting services Vietnam provider prepares a complete set of financial statements under VAS, including the balance sheet, income statement, cash flow statement, and notes to the financial statements. This set of reports is the legal basis for the Tax Authority, the independent auditor, and submission to the statistics authority.

In addition to the statutory financial statements, the management of an FDI company also needs periodic monthly or quarterly Management Reports:

Profit and Loss (P&L) management report analyzing revenue and expenses
Cash flow management report
Aging report for accounts receivable and accounts payable

These management reports are presented in bilingual format (English – Vietnamese) so that Headquarters can monitor the financial health of the Vietnam entity without a language barrier.

Explore Vina TPT’s Accounting Services

5. Mandatory FDI Investment Reports

This is the obligation that many FDI companies miss when they use low-cost accounting packages. Missing investment reports not only leads to substantial administrative penalties but also creates serious bottlenecks when the company later adjusts its Investment Registration Certificate (IRC), increases capital, extends the project, or remits profits abroad.

Every foreign-invested enterprise (from 1% to 100% foreign capital) or project that has been granted an IRC is required to file investment reports. Even if the project has not yet generated revenue, is still in the construction phase, or has temporarily suspended operations, the company must still report (by declaring zero figures).

Investment reporting obligations consist of two main groups:

Report on the Implementation of the Investment Project (filed online on the fdi.gov.vn system under Decree 96/2026/ND-CP)

Quarterly report: Filed before the 10th day of the first month of the following quarter. Content includes implemented investment capital, revenue, import-export value, headcount, amounts paid to the state budget, and land/water-surface use.
Annual report: Filed before 31 March of the following year. Content includes a comprehensive assessment of investment results, product sales, average employee income, operating costs, R&D activities, environmental impact, and the origin of the technology used.

Investment Monitoring and Evaluation Report (under Decree 19/2026, Decree 96/2026, and Circular 44/2026/TT-BTC – Form 13)

Quarterly report: Filed before the 10th day of the first month of the following quarter.
Six-month report: Filed before 10 July of the current year.
Annual report: Filed before 10 February of the following year.

Vina TPT’s management view: Figures on the Investment Activity Report (IAR) must match the VAS accounting books and the tax returns. A discrepancy between the investment report and the audited financial statements is the first signal that the investment management authority and the tax authority will place the company on a specialized inspection list.

6. How to Choose the Right Business Accounting Services Package

To choose a suitable accounting compliance package, the Board of Directors of an FDI company should follow these steps:

Correctly determine scale and transaction profile: Assess the monthly volume of source documents, whether the company has import-export activities or Foreign Contractor Tax (FCT), the size of the workforce, and whether expatriates are employed.
Lock in the exact Scope of Work: Require the provider to state clearly in the contract whether the package covers only bookkeeping and tax filing, or a full package that includes payroll, labor reports, and periodic FDI investment reports.
Provider evaluation criteria: Prioritize a partner with hands-on FDI experience, a bilingual advisory team, a multi-level quality control (QC) process before filing, and the ability to represent the company directly before the Tax Authority and the investment management authority.
Clarify management reporting and the advisory layer: Ask whether the provider issues monthly management reports (P&L, cash flow, receivables and payables) and whether those reports are figures only or include commentary. At the same time, lock in the advisory scope in advance: filing only, or also support when a tax issue arises, an inspection is launched, or Headquarters needs an explanation of the figures.

7. How Vina TPT Delivers Business Accounting Services

Vina TPT provides a comprehensive business accounting services solution that gives FDI companies full legal peace of mind in Vietnam:

VAS bookkeeping and full-package tax filing: Recording the books under VAS and filing VAT, CIT, PIT, and FCT accurately and on time. The package also includes Chief Accountant services – a mandatory requirement for every FDI company, needed from company setup through the opening of the bank account.
Payroll administration and labor reports: Calculating salaries, optimizing insurance costs, completing expatriate PIT finalization, and filing all five mandatory labor reports.
Financial statements and FDI investment reports: Preparing the annual financial statements, supporting work with the independent auditor, and handling the full package of periodic investment monitoring reports.
Flexible operating model: Advising and delivering bilingual management reports (English – Vietnamese – Japanese), with remote or hybrid working arrangements depending on the company’s stage of development.
Continues to support in-depth services: VAT refunds, preparation and accompaniment during tax inspections, transfer pricing documentation, and advisory on mergers and acquisitions.

If your company wants to review its current compliance scope, contact Vina TPT today for an expert consultation on the most suitable solution.

BOOK A FREE CONSULTATION

Accounting & Tax, Lasted News

Accounting service for Chinese tech firms in Vietnam

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

Accounting services for Chinese tech companies in Vietnam

1. Fast-Growing Chinese Tech Firms Need Smarter Accounting Services in Vietnam

The wave of Chinese technology companies shifting production and investment to Vietnam is taking place strongly. From electronics, hardware, software companies to technology startups, Vietnam has become an attractive destination thanks to its competitive labor costs, preferential tax policies and strategic position in the regional supply chain.

However, along with that expansion speed are challenges in financial management. As the scale of operations increases rapidly, companies face the challenge of controlling cash flow, standardizing accounting processes, and ensuring compliance with Vietnamese regulations, which are significantly different from the Chinese system. A smart, automated and transparent accounting system is the foundation for Chinese technology companies to maintain stability during their development in Vietnam.

2. Bridging the Gap Between Tech Expansion and Accounting Readiness

Most Chinese technology companies, when first investing in Vietnam, focus on production or R&D, paying little attention to building an internal accounting team with a good understanding of local laws. This leads to a fragmented financial system that lacks standardization, making it difficult to prepare tax and financial reports according to Vietnamese regulations.

In addition, differences in language, forms, tax declaration procedures and accounting standards (VAS vs CAS) put many businesses at risk of compliance. Even small errors in declaration or late submission of reports can lead to administrative fines, affecting the reputation of the business and long-term investment projects. Clearly, to operate effectively, Chinese technology companies need a reliable accounting partner who understands both the business language and the laws of the two countries.

3. Why Accounting Outsourcing and Payroll Services Ensure Agility and Compliance

Accounting services is a popular trend among FDI companies in Vietnam, especially in the technology industry. Instead of recruiting, training and maintaining an accounting department, enterprises can use the services of a professional unit – helping to save up to 40-60% of operating costs, while eliminating human resource risks.

Units specializing in providing accounting services such as Vina TPT not only process books, prepare financial reports, declare and settle taxes, but also integrate China payroll services, ensuring that salary calculation, personal income tax and social insurance deductions are performed correctly, transparently and bilingually. This is especially important for Chinese companies with multinational staff, requiring a payroll and tax calculation system that is both accurate and easy to understand.

As a result, businesses can focus resources on core activities – product, technology and market development, while accounting, tax and human resources are guaranteed to operate smoothly and in compliance with the law.

GET ADVICE ON ACCOUNTING SERVICES IN VIETNAM

4. Modern Accounting Services for Business Growth in the Tech Industry

In the digital age, accounting is no longer a manual task, but an important part of the operational strategy. Modern accounting solutions today apply cloud computing (cloud accounting), automate reporting, and standardize financial data according to VAS – IFRS to increase processing speed and minimize errors.

For technology businesses, this is even more important when it comes to tracking R&D costs, depreciation of technology assets, or calculating cost of goods in the supply chain. Digital accounting systems help businesses access financial data in real time, make faster decisions, and coordinate easily between branches in Vietnam – China.

In addition, standardizing financial reports according to international standards also helps businesses easily mobilize capital, cooperate in investment or IPO in the future, when financial transparency becomes a key factor of market confidence.

5. From Data to Decision: Turning Accounting Insights into Business Advantage

A good accounting system not only reflects the past but also forecasts the future. When properly analyzed and presented, financial data will become a powerful tool to support leaders in making strategic decisions.

Through indicators of cash flow, personnel cost ratio, investment efficiency and gross profit, businesses can identify risks early, allocate budgets reasonably and optimize operations. This is especially important for technology businesses – where changes occur rapidly and every financial decision directly affects competitiveness.

Therefore, accounting is not just a compliance task, but a strategic foundation to help Chinese technology businesses develop sustainably in Vietnam.

6. Vina TPT Accounting Service – Trusted Partner for Chinese Tech Firms in Vietnam

With more than 10 years of experience serving FDI companies, Vina TPT Accounting Services has become a strategic partner of many Chinese, Korean and Singaporean technology companies operating in Vietnam. We have a team of bilingual English-Vietnamese, who are deeply trained in financial regulations, Vietnamese tax laws and international reporting standards.

Vina TPT experts not only perform accurate operations but also provide strategic consulting: building a standardized financial system, internal control, optimizing costs and supporting businesses in converting to a digital accounting model.

Vina TPT is committed to providing comprehensive, transparent and absolutely confidential accounting services, helping Chinese technology enterprises confidently develop in Vietnam without worrying about legal or operational barriers.

Vina TPT Accounting Service for business – a solid financial foundation for the sustainable growth of Chinese technology enterprises in Vietnam.

BOOK A FREE CONSULTATION

Accounting & Tax, Lasted News, Tax News

Full-Service Accounting and Tax Solutions for Businesses in Vietnam

Posted on 26/09/202517/06/2026 by ASS

Professional accounting services Vietnam for businesses

1. Why Businesses in Vietnam Need Integrated Accounting and Tax Services

The legal environment in Vietnam requires businesses to comply with many strict regulations on accounting services Vietnam, tax services for businesses, social insurance and financial reporting. Changes in Vietnam Accounting Standards (VAS), regulations on electronic invoices or new tax policies often make it difficult for many businesses, especially SMEs and FDI companies, to update and apply.

Separating accounting and tax services can easily lead to overlaps, errors or inconsistent reporting, thereby increasing the risk of being overcharged, fined or losing credibility with management agencies. Therefore, integrated accounting services Vietnam or full-service accounting solutions that combine accounting and tax management in the same system – such as the professional accounting Vietnam model provided by Vina TPT – help businesses save costs, minimize errors and ensure comprehensive compliance.

2. Understanding the Scope of Full-Service Accounting Solution

To understand the value that full-service accounting solutions bring, businesses need to understand the comprehensive range of services that this model includes. A complete solution does not stop at simply recording and processing accounting books, but also fully integrates important service areas such as accounting services Vietnam, tax services for businesses, financial statement preparation and annual audit coordination (mandatory for all FDI companies), legal compliance consulting, and cash flow management support.. Especially for FDI companies or businesses that are expanding in scale, this service covers monthly bilingual financial statements (including the Income Statement), preparation of consolidated reports for the parent company, and reconciliation between Vietnamese Accounting Standards (VAS) and international standards such as IFRS (if any) or US GAAP.

Another difference of this model compared to traditional services is the integration between accounting and tax. Instead of having to work with many individual suppliers, businesses only need a single point of contact to ensure that all processes – from recording transactions, managing electronic invoices, preparing quarterly tax reports to year-end tax settlement – are implemented synchronously and accurately. This helps save a significant amount of time and personnel costs, while minimizing the risk of errors in auditing or tax inspection.

With a team of experienced experts in the field of professional accounting Vietnam, solutions from Vina TPT also bring strategic benefits when businesses can take advantage of accurate financial data systems to plan budgets, analyze profits and make timely investment decisions.

3. Key Tax Services That Support Business Growth and Compliance

Tax services for businesses play an important role in protecting finances and supporting business growth. In Vietnam, a comprehensive tax service package often includes:

Tax Planning & Advisory: Consulting on tax strategies to optimize financial obligations while still complying with the law.
Corporate Income Tax & VAT: Preparing and submitting corporate income tax and value-added tax declarations accurately and on time.
Personal Income Tax for Expatriates: Managing personal income tax for foreign employees, including declaration and settlement.
Tax Audit Support: Representing businesses in working with tax authorities during inspections and audits.

These services help businesses minimize the risk of late payment penalties, avoid additional costs and maintain a reputable image in the eyes of investors.

4. How Professional Accounting Enhances Transparency and Efficiency

Using professional accounting Vietnam not only provides accurate financial reports but also increases transparency in the entire business operations. With a data system that is processed, standardized and continuously updated, the management board can monitor business performance in real time, thereby making faster and more accurate decisions on strategic issues such as capital allocation, cost control or investment planning. In particular, when combined with full-service accounting solutions including accounting services Vietnam and tax services for businesses, the business will own an integrated financial platform where all information from accounting to tax is managed synchronously and transparently.

A professional accounting system also acts as an “early warning system”, helping to promptly detect potential problems such as unstable cash flow, over-budget costs, errors in electronic invoices or even signs of internal fraud. This is the key factor for businesses to proactively prevent risks, avoid administrative fines due to violations of tax and accounting regulations, and optimize financial management processes.

With the support of reputable units such as Vina TPT, businesses also receive outstanding added value thanks to a team of experienced experts who understand Vietnamese accounting standards (VAS) and international accounting standards (IFRS, US GAAP – applied only when required by the parent company for consolidation). The combination of professional accounting services Vietnam and in-depth tax consulting services helps companies, especially SMEs and FDI, to ensure compliance with the law and improve financial forecasting capabilities, thereby increasing profits and consolidating their position in the Vietnamese and international markets.

START BUILDING TRANSPARENCY TODAY

5. Unlocking Strategic Value from Combined Accounting and Tax Solutions

Combining full-service accounting solutions with tax services for businesses not only helps businesses reduce the burden of procedures but also opens up many strategic values for sustainable development. When accounting services Vietnam and tax services are deployed in the same system, all financial data – from recording transactions, preparing financial statements to tax settlement – are managed synchronously, ensuring accuracy and consistency. This is a key factor for the board of directors to make investment decisions, expand the market or restructure the business based on reliable data.

A prominent advantage of integrating accounting and tax services is the ability to provide real-time information. Standardized and continuously updated data helps businesses promptly identify profit trends, cost fluctuations, or cash flow risks. With this platform, managers can quickly adjust budget plans, optimize tax structures, and improve financial management efficiency without depending on many separate service providers. In particular, FDI enterprises or companies that are expanding their scale will benefit from bilingual reporting services, preparing consolidated reports according to Vietnamese accounting standards (VAS) and international accounting standards (IFRS, US GAAP). This not only helps meet the requirements of domestic management agencies but also supports financial data transparency for parent corporations and international investors.

Special Notes for FDI Companies

Monthly bilingual financial statements (including Income Statement) are prepared for parent company review.
Annual audit of financial statements is mandatory under Vietnamese regulations.
IFRS reporting is optional and only required when the parent company requests consolidated reports; VAS remains the primary standard for local compliance.

6. Partnering with Vina TPT for Reliable Financial Reporting

To achieve accuracy and transparency in both accounting and tax, choosing a reputable partner is a decisive factor. Vina TPT is a provider of full-service accounting solutions and tax services for businesses trusted by many FDI enterprises and SMEs in Vietnam.

With a team of experts with more than 15 years of experience and a deep understanding of Vietnamese accounting and tax laws, Vina TPT provides bilingual Vina TPT financial reporting (Vietnamese – English), ensuring compliance with both domestic management requirements and international standards.

From professional accounting to tax declaration and financial reporting services, Vina TPT not only ensures legal compliance but also acts as a strategic advisor, helping businesses optimize costs and maintain long-term competitive advantages.

Contact Vina TPT today for trusted full-service accounting and tax solutions in Vietnam.

BOOK A FREE CONSULTATION