Accounting & Tax, Lasted News

Financial Reporting and Tax Finalization Services 2025 in Vietnam

Posted on 08/12/202517/04/2026 by ASS

1. Overview of Financial Reporting & Tax Finalization in Vietnam 2025

In 2025, FDI enterprises and domestic enterprises in Vietnam must fully comply with financial reporting and tax settlement obligations as prescribed. The annual financial statements include the Balance Sheet, Income Statement, Cash Flow Statement and Notes to the Financial Statements, all of which must be prepared in accordance with Vietnamese Accounting Standards (VAS).

In parallel with preparing the Financial Statements, enterprises must make corporate income tax and personal income tax settlements within 90 days from the end of the fiscal year. The increase in the frequency of reviews and inspections by tax authorities requires enterprises to have accurate data, a synchronous accounting system and complete records to avoid the risk of being penalized.

2. Vina TPT’s Financial Statement Services

Vina TPT provides in-depth financial reporting services, helping businesses prepare accurate, transparent and fully VAS-compliant reports. Not only synthesizing data, we also provide a clear view of the financial situation and ensure readiness for audits or tax inspections.

Vina TPT’s financial reporting services include:

Preparing Balance Sheets, Income Statements, Cash Flow Statements and Financial Statement Notes
Reconciling general ledgers, detailed ledgers, accounting documents
Reviewing and adjusting prepaid expenses, fixed asset depreciation, provisions
Checking compliance with VAS and tax regulations
Detecting and handling data discrepancies before closing the books
Providing bilingual reports (Vietnamese, English, Japanese)

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3. Corporate Income Tax (CIT) Finalization Services

Vina TPT provides in-depth corporate income tax settlement services, helping businesses control data, comply with regulations and limit errors in the context of many important adjustments to tax policies and the Enterprise Law from October 1, 2025.

3.1 Review expenses and determine taxable profits

Vina TPT checks all expenses to determine which are deductible and which are not deductible in accordance with the Corporate Income Tax Law; reviews depreciation of fixed assets, interest expenses, provisions and expenses that are easily excluded during tax inspections. At the same time, the team compares data between financial statements and tax declarations to accurately calculate taxable profits, ensuring that there are no difficult-to-explain differences.

3.2 Prepare corporate income tax settlement declarations and in-depth risk assessment

The service includes full preparation of declarations, loss transfer appendices, tax incentives, cost analysis tables and explanation documents according to tax inspection standards. Vina TPT also analyzes risks by group such as costs without sufficient documents, incorrect revenue-expense periods, discrepancies in electronic invoice data, or lack of linked transaction records. From there, it proposes solutions to reduce the risk of collection and fines.

3.3 Tax optimization consulting and notes on new regulations from October 1, 2025

Vina TPT supports businesses in applying tax incentives to the right subjects, implementing valid loss transfers, and optimizing tax obligations based on legal mechanisms. In particular, changes effective from October 1, 2025 related to electronic records management, tightening cost control, and expanding explanation requirements make the settlement process more stringent; businesses need to carefully compare data, contracts, and documents to avoid risks when tax authorities inspect.

4. Personal Income Tax (PIT) Finalization for Employees & Foreigners

Personal income tax settlement is a major challenge for businesses with large staff numbers, diverse income structures or foreign employees. Vina TPT provides a complete PIT solution, helping businesses process quickly, correctly and fully comply with new regulations.

4.1 Review PIT data and prepare settlement documents

Vina TPT checks tax data of each employee monthly (income, exemptions, deductions, working days, taxes paid) to ensure consistent data before making settlement. At the same time, collect and check all documents: labor contracts, payroll, residence papers, entry/exit history of foreign experts… to help businesses have accurate data from the beginning of the year.

4.2 Preparation and submission of PIT settlement dossiers and tax refund support

Services include preparing PIT settlement declarations for businesses and individuals, correctly classifying residents and non-residents, applying double taxation agreements (DTA) if any, and submitting dossiers on time. Vina TPT also carries out tax refund procedures for employees and foreign experts, monitors the processing process and works with tax authorities to ensure that dossiers are processed quickly.

4.3 Representing and working with tax authorities and providing in-depth advice for foreign workers

Vina TPT represents businesses when requested by tax authorities, helping to reduce the workload for HR and accounting departments. At the same time, it provides in-depth advice on tax residency, applying DTA, handling business trips to multiple countries, income arising outside of Vietnam, or common international risks. This is especially important for businesses that employ many foreign experts and need to comply with cross-border tax standards.

SOLVE YOUR TAX CHALLENGES

5. Common Pain Points & Why Businesses Need Professional Support

At the end of each year, many businesses face difficulties due to:

Incorrect data or inconsistent recording
Lack of documents or incomplete records
Internal accounting systems and reporting to parent companies are not synchronized
Late submission deadlines due to limited staff
Risks of fines and additional collection when tax authorities inspect
Lack of expertise in VAS and complex tax regulations

Professional services from Vina TPT help businesses avoid these risks and ensure the tax filing process runs smoothly.

6. Why Choose Vina TPT for Reporting & Tax Services

Values:

Vina TPT helps businesses maintain a transparent accounting system, accurate reporting and minimize tax risks in the context of increasingly strict inspections.

Professional capacity:

A team of accountants & tax experts with many years of experience in FDI enterprises
Deep understanding of VAS and financial reporting according to international standards
Bilingual support in Vietnamese – English – Japanese

Service commitment:

Clear process, fast processing time
Data security and absolute compliance with legal regulations
Optimal cost according to scale and workload

7. Comprehensive Service Package for FDI Enterprises

Vina TPT provides One-Stop Tax & Accounting Solution, including:

Annual Financial Report
Corporate Income Tax Finalization
Personal Income Tax Finalization
Accounting & Bookkeeping Services
Payroll, Labor Report
Support for Foreign Labor Compliance
Support for Working with Tax Authorities, Inspections & Audits

Consistency

All services are deployed synchronously according to one system, avoiding data discrepancies between departments and reducing risks during audits.

Long-term Benefits

A suitable solution for FDI enterprises that need stability, transparency and long-term support in a volatile legal environment.

Start with Vina TPT to complete financial reports and tax settlement 2025 quickly!

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Accounting & Tax, Labor & Insurance Knowledge, Lasted News

Best Bookkeeping Services for Startups in Vietnam

Posted on 05/12/202517/04/2026 by ASS

Best-Bookeeping-Services-for-Startups-in-Vietnam-Vina-TPT

1. Common Accounting Challenges Faced by Startups

Bookkeeping services are essential because startups in Vietnam often face many difficulties in accounting and financial management. First is the limited human resources, as many new businesses only have a few employees or do not have a dedicated accounting department.

Second is the high cost of hiring full-time staff or hiring an unsuitable accounting service company. Startups often have to consider limited budgets, while maintaining an internal team is expensive in terms of salary, benefits and training.

Finally, many startups lack experience in financial management and tax compliance. Errors in VAT, CIT, PIT declarations or social insurance payments can lead to legal risks, tax arrears or administrative fines. This is why many startups choose outsourced accounting services to ensure accurate financial operations and compliance with Vietnamese law.

SOLVE YOUR ACCOUNTING CHALLENGES

2. Core Accounting Services for Startups

Startups need essential accounting services to operate effectively and remain compliant with the law. Key services include:

Bookkeeping:

- Record all transactions, invoices, and documents according to Vietnamese accounting standards. Classify and organize financial data, making it easy to track cash flow.

Monthly & Year-End Reporting:

- Prepare monthly/quarterly financial reports to evaluate business performance.
- Prepare year-end reports to meet audit and tax requirements.

Tax Compliance:

Businesses must ensure full and timely compliance with Vietnam’s tax regulations, including Value Added Tax (VAT), Corporate Income Tax (CIT), Personal Income Tax (PIT), and Foreign Contractor Tax (FCT). Key responsibilities include:

Preparing accurate tax reports in accordance with current tax laws.
Submitting monthly, quarterly, and annual tax declarations to avoid penalties or late-filing fines.
Maintaining clear, consistent accounting records to support all reported figures.
Providing explanations and supporting documentation to tax authorities when required, including clarifying discrepancies or responding to official notices.
Handling tax audits and inspections professionally to ensure consistency between records and declarations.

Ensuring compliance with all tax obligations not only minimizes legal risks but also builds long-term credibility with regulatory authorities.

Payroll & Insurance Management:

This service ensures accurate and compliant management of employee compensation and social insurance obligations. Key responsibilities include:

Preparing payroll and calculating Personal Income Tax (PIT) for all employees.
Paying social insurance, health insurance, and unemployment insurance contributions in accordance with Vietnamese law.
Registering new employees for social insurance and processing all related insurance documents.
Submitting labor reports and mandatory filings to relevant authorities as required by labor regulations.
Ensuring compliance with labor laws and personal income tax obligations for all employees.

Effective payroll and insurance management helps businesses minimize legal risks, maintain employee satisfaction, and ensure smooth operations in accordance with Vietnamese regulations.

Financial Consulting:

Cash flow analysis, cost optimization and budget planning.
Support startups to make accurate and timely financial decisions.

These services help startups operate transparently financially, save time and focus on product and market development instead of struggling with complicated accounting.

4. How Outsourced Bookkeeping Ensures Accuracy

Vina TPT’s outsourced accounting service helps startups standardize all books and financial reports in accordance with Vietnamese accounting standards. All transactions, invoices and documents are systematically recorded, classified and checked, helping to ensure that all financial data is accurate and transparent. This process not only minimizes human errors but also creates clear and complete records, serving monthly, quarterly and year-end reporting. Thanks to that, startups can grasp cash flow, manage costs and evaluate business performance in a timely manner, thereby making more accurate financial decisions.

Moreover, Vina TPT also ensures full compliance with legal regulations on tax and financial reporting. Each report is cross-checked, compared with original documents and accurately calculates taxes payable, limiting the risk of being overcharged or administratively fined. In addition, the service also provides transparent, easy-to-read reports, helping investors, banks or partners clearly understand the financial situation of startups. Thanks to that, businesses not only feel secure about accuracy but also save operating time, focus on product and market development, and build credibility with business partners.

5. Why Vina TPT Is the Go-To Accounting Firm for Startups

Vina TPT Accounting Service is an ideal partner for startups in Vietnam thanks to:

Comprehensive services: bookkeeping, monthly/quarterly/annual reports, tax declarations, payroll management, financial consulting.
High expertise for startups: understanding the specifics of limited budgets, simple but legal processes.
Transparent processes: clear reports, easy to check and manage cash flow.
Reduced operational load: startups do not have to worry about accounting staff or legal errors, focus on business development.
Language advantage : services are available in both Vietnamese, English & Japanese, facilitating communication for foreign founders and easing compliance with local regulations.

Vina TPT helps startups operate finances effectively, comply with the law and develop sustainably.

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Accounting & Tax, Business Knowledge

Trading Companies: Streamlined HCM Bookkeeping Services

Posted on 24/11/202528/11/2025 by ASS

Bookkeeping services for trading companies in Ho Chi Minh City by Vina TPT

1. The Complexity of Bookkeeping in HCM’s Trading Sector

Bookkeeping services play a crucial role in helping trading companies control their financial data accurately. Trading companies in Ho Chi Minh City often have to manage many different types of transactions from import, export to domestic and online retail. Each transaction generates invoices, documents and requires timely tax declaration according to the regulations of the Vietnamese tax authorities.

The process of declaring VAT, CIT and import-export tax is constantly changing, making it difficult for businesses to update, calculate and store documents correctly. In addition, comparing invoices between branches or with foreign suppliers increases the possibility of errors if the business does not have a systematic accounting system.

If processed manually, businesses will spend a lot of time, easily make mistakes and fall into a situation of late tax payment, lack of valid documents or incomplete declaration, leading to administrative fines and affecting cash flow.

2. Challenges Small Trading Companies Face in Daily Accounting

Small trading companies often face common problems such as managing paper documents, reconciling invoices, calculating VAT, CIT and import taxes. Consolidating financial statements from multiple branches or separate business units is also difficult, especially when data is not standardized.

Many businesses lack professional accounting staff and have to rely on people who are not experienced in handling complex operations. This leads to the risk of declaring incorrect tax figures, not submitting reports on time or having problems in auditing. Common errors can be incorrect invoices, mismatching import documents with tax declarations, or missing deductible expenses.

3. Outsourced Bookkeeping as a Solution for Efficiency

Hiring outsourced bookkeeping services is an effective solution to help trading companies save on personnel costs, reduce the risk of errors and increase productivity. Vina TPT provides a complete service from collecting documents, entering data, preparing periodic reports to checking data, ensuring all figures are accurate and in accordance with Vietnamese tax laws.

With a team of experts who understand the regulations for trading businesses, Vina TPT can handle complex operations such as calculating VAT for imported goods, calculating corporate income tax, comparing invoices between branches and standardizing data to easily consolidate reports. This helps businesses reduce management pressure, save time and focus on business development.

BOOST YOUR BUSINESS WITH OUTSOURCED BOOKKEEPING

4. Ensuring Accuracy and Compliance Through Streamlined Processes

Vina TPT applies standardized accounting processes, ensuring accurate and audit-ready data, while complying with Vietnamese laws. This system helps track cash flow, manage costs and control invoices effectively. All VAT, CIT and financial reports are prepared and thoroughly checked before submitting to the tax authorities, minimizing the risk of fines and errors.

In addition, applying an online system allows businesses to track documents and reports anytime, anywhere, increasing transparency and internal control. Businesses using professional services like Vina TPT can confidently expand operations and develop markets without worrying about compliance.

5. Tailored Bookkeeping Solutions by Vina TPT for Trading Companies

Vina TPT provides accounting and bookkeeping services customized to the needs of each trading company. Services include:

Preparing and managing complete accounting books
Preparing periodic financial reports and VAT, CIT, and import tax reports
Auditing support and preparing audit-ready documents
Setting up an online document management system, allowing businesses to track all transactions, minimizing the risk of errors

Vina TPT’s team of experts has many years of experience in bookkeeping in the trading field in Ho Chi Minh City, understanding the complex operations and legal requirements of tax authorities. Thanks to that, businesses not only save costs and time but also ensure compliance with the law, accurate and transparent data.

Ready to take control of your bookkeeping with confidence? Contact Vina TPT today for a complete outsourced bookkeeping service tailored to trading companies in Vietnam.

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Accounting & Tax, Lasted News

Outsource Bookkeeping & Accounting for Singaporean Logistics Firms in Vietnam

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

1. The Financial Pulse of Every Logistics Company

In the world of logistics, everything revolves around numbers – from shipping costs, fuel costs to payments to suppliers. For Singaporean companies expanding operations in Vietnam, each month is a separate “financial cycle”. If a business is like a living body, monthly accounting is the “heartbeat” that keeps the system running smoothly.

Recording, summarizing and reporting monthly financial information helps management understand the spending, revenue, and profit situation of each transportation route or each warehouse. Thanks to this data, businesses can quickly detect problems, for example, a certain route has an unusual increase in fuel costs, or a partner is late in paying and make adjustments within the month instead of waiting until the end of the fiscal year.

2. Inside a Typical Monthly Accounting Cycle

To put this into perspective, imagine a monthly accounting cycle in the logistics industry that starts with recording each bill of lading each shipment, each delivery becomes a financial data stream. The accounting department then reconciles it with the invoice from the transport provider, fuel payments, tolls, or warehousing costs.

In addition, the business must also take inventory of the inventory in the transit warehouse, calculate the loss and depreciation of the transport vehicles. Once all the data has been updated, the final step is to compile the monthly financial report including revenue, expenses, and profits.

A professional accounting bookkeeping service will take care of this entire process, ensuring that all the numbers are accurate, transparent, and updated promptly. This is especially important for companies with operations spread between Singapore and Vietnam, where small discrepancies in data can affect the entire reporting system.

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3. Why Outsource Bookkeeping Is Becoming a Strategic Move

In recent years, more and more Singapore logistics businesses have chosen to outsource bookkeeping instead of maintaining an in-house accounting team. The reason lies not only in saving on personnel costs, but also in accuracy and speed.

When outsourcing accounting services, businesses are supported by experienced specialists and modern software systems, allowing access to real-time data (real-time reporting). Managers in Singapore can immediately view the financial reports of the Vietnam branch at any time, without having to wait for manual file submission.

In addition, outsourced accounting services help increase cross-border transparency. All data is managed according to the same standards, avoiding discrepancies between countries. This not only helps the board of directors make decisions faster, but also minimizes risks in auditing and tax reporting.

4. Key Data Reports That Drive Logistics Decisions

In the logistics industry, financial data is not just a record but also a “compass” for all operational decisions. When properly compiled, monthly accounting reports become an “insight hub” that helps management see the big picture.

For example, an operating cost report might show that a shipping route from Ho Chi Minh City to Singapore is consuming more fuel than usual. A revenue report by route might show that domestic shipping is generating higher profit margins than international shipping. Or a profit report by partner helps managers see which partners are contributing the most to overall revenue.

Thanks to periodic reports, Singaporean investors no longer have to wait for annual audits to know the business situation. They can make quick decisions, reallocate resources, or adjust transportation strategies in just a few days, something that used to take months.

Download Vietnam Tax Handbook For Investor

5. Compliance with Vietnamese Accounting Standards (VAS)

For foreign-invested logistics companies, especially those from Singapore, compliance with Vietnamese Accounting Standards (VAS) is mandatory. All financial statements, value-added tax (VAT) and corporate income tax (CIT) declarations must be prepared and submitted on time.

However, this is not easy, as the Vietnamese accounting system has many detailed regulations and is regularly updated. This is where a professional accounting bookkeeping service plays an important role: they help businesses ensure legal compliance, reconcile correct data, and maintain transparency in all financial data.

As a result, businesses avoid audit and tax risks, and can focus all their efforts on core activities like operating and expanding the logistics network.

6. Vina TPT Bookkeeping Service: Turning Numbers into Insights

When it comes to reliable outsourced accounting services in Vietnam, Vina TPT Bookkeeping Service is a prominent name. Vina TPT’s difference lies not only in accurate bookkeeping, but also in the ability to turn numbers into practical business strategies.

Vina TPT understands that each logistics enterprise has its own characteristics – from fleet size, warehouse model to transportation fee calculation. Therefore, they not only prepare financial reports according to VAS but also analyze monthly data, helping enterprises understand cost trends, route profits and the efficiency of each operation.

Through regular consulting sessions, the Vina TPT Bookkeeping Service team supports Singaporean enterprises to make more accurate investment decisions, manage cash flow more effectively, and gradually build a sustainable financial system in Vietnam.

Contact Vina TPT today for a free consultation and tailored solutions for your logistics business.

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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.

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Accounting & Tax, Finance & Accounting Knowledge, Lasted News

Financial Statement Preparation in Vietnam for FDI: Key Differences Between Chinese and Vietnamese Accounting Standards

Posted on 03/10/202509/04/2026 by ASS

accounting service Vietnam for Chinese company vtpt

In recent years, Vietnam has emerged as a strategic destination for Chinese enterprises to invest in FDI, thanks to its advantages in labor costs, geographical proximity and open-door policies to attract foreign capital. However, besides the opportunities, Chinese companies face great challenges in familiarizing themselves with and complying with Vietnamese accounting standards (VAS), which are significantly different from PRC GAAP. This difference directly affects the process of financial statement preparation Vietnam, consolidated reports and tax obligations. To manage effectively and minimize risks, many enterprises choose the Vina TPT accounting system setup solution, which helps build a bilingual accounting system, ensuring transparency and compliance with both Vietnamese regulations and requirements from the parent company in China.

1. Why Chinese Investors Need to Understand Vietnamese Accounting Standards

When investing FDI in Vietnam, Chinese enterprises not only have to comply with the laws on investment and business, but also need to understand Vietnamese accounting standards (VAS). This is the basis for financial statement preparation Vietnam, declaring taxes, and demonstrating transparency to management agencies. Only applying PRC GAAP and ignoring financial statement preparation in Vietnam according to VAS can lead to audit risks, being subject to arrears or difficulties in distributing profits to the parent company. Therefore, understanding and correctly applying Vietnamese accounting standards is not only a matter of compliance, but also a foundation for enterprises to build trust with shareholders, partners and state agencies.

2. Overview of Chinese vs. Vietnamese Accounting Systems

PRC GAAP (Chinese Accounting Standards) and VAS (Vietnamese Accounting Standards) have the same goal of faithfully reflecting the financial situation, but their approaches are different:

PRC GAAP: Designed to serve internal management, strict supervision of the Chinese government, emphasizing capital control and compliance with domestic economic policies.
VAS: Built to suit the legal and tax environment of Vietnam, closely linked to tax declaration and reporting requirements to management agencies. However, VAS is in the process of integrating with IFRS to approach international standards.

For Chinese companies in Vietnam, this difference creates a gap that needs to be filled, especially when having to prepare reports for management agencies in Vietnam and meet the consolidated reporting requirements of the parent company in China.

TALK TO OUR CHINA–VIETNAM ADVISORS

3. Key Differences in Financial Statement Preparation Vietnam

When preparing financial statements in Vietnam, Chinese enterprises will encounter some major differences between PRC GAAP and VAS, specifically:

Revenue: Different ways of recording revenue, especially for long-term transactions or prepaid revenue.
Fixed assets: Different methods of asset valuation and depreciation, directly affecting profits and expenses.
Provisions and liabilities: VAS has its own provisions on provisioning, while PRC GAAP has a broader scope on estimating liabilities.
Presentation: VAS emphasizes compliance with the reporting format issued by the Ministry of Finance, while PRC GAAP is more flexible for enterprises in presentation.
International standards: FDI enterprises sometimes have to perform an additional step of converting from VAS to IFRS to serve global reporting.

Understanding these differences helps businesses limit errors and standardize financial data from the start.

4. Compliance Challenges for Chinese FDI Companies

In reality, many Chinese enterprises face difficulties in preparing financial statements in Vietnam. Standardizing bilingual financial statements, handling exchange rate differences, and converting from PRC GAAP to VAS or IFRS can create great pressure on the accounting department. Many enterprises face a lack of personnel who understand both systems, as well as the challenge of meeting the parent company’s expectations of transparency. This is the reason why hiring an accounting service in Vietnam for Chinese companies becomes important.

5. Setting Up a Reliable Accounting System in Vietnam

To overcome the above challenges, setting up a reliable accounting system in Vietnam is necessary. Chinese enterprises should choose software that is compatible with VAS and has the ability to export data according to PRC GAAP or IFRS. In addition, the accounting process needs to be standardized, have bilingual personnel, and have close coordination with the parent company.

Therefore, if a business wants to optimize its accounting system and ensure full compliance with Vietnamese regulations as well as requirements from the parent company, choosing a reputable partner like Vina TPT is a strategic step that cannot be ignored.

6. How Vina TPT Supports Chinese Companies Prepare Financial Statements Vietnam

We provides Vina TPT accounting system setup solutions for Chinese enterprises that want to establish business and operate accounting in Vietnam.

Comprehensive Accounting Service: Providing a full range of accounting services, from bookkeeping, financial reporting to tax management and bilingual reporting.
Dual-Language Expertise: Professional reporting, documentation and communication in both Vietnamese and Chinese, helping the parent company grasp information quickly and accurately.
Customized Accounting System Setup: Setting up an accounting system suitable for the scale and model of FDI, including software, processes and operational personnel.
Regulatory Compliance: Supporting businesses to fully comply with Vietnamese accounting standards (VAS) while meeting the reporting requirements of the parent company in China.
Strategic Financial Advisory: Providing financial strategy advice based on accurate data, helping businesses optimize cash flow, plan budgets and prepare for audits.

Please contact Vina TPT today for consultation on a complete accounting service solution in Vietnam, ensuring compliance and transparency for Chinese businesses in Vietnam.

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Accounting & Tax, Lasted News

Vietnam Accounting & Tax Services for Japanese Investors

Posted on 03/10/202506/04/2026 by ASS

1. The Need to Hire Accounting Service for Japanese Investors in Vietnam

Vietnam is emerging as one of the top investment destinations in Asia, attracting more and more Japanese businesses looking for new growth opportunities. However, differences in laws, accounting standards and business environments make hiring accounting services a strategic factor to ensure success right from the start.

For Japanese companies, cooperating with a reputable Vietnamese accounting service unit not only helps with daily financial management but also ensures Vietnam accounting compliance for Japanese business, meets the reporting requirements of the parent company and complies with strict regulations in Vietnam. Hiring Vina TPT accounting service helps investors reduce administrative burden, limit errors in tax declarations, and build a transparent accounting system, supporting the long-term business expansion process.

2. Common Financial Challenges for Japanese Businesses

When operating in Vietnam, Japanese businesses often encounter some unique difficulties related to Vietnam accounting compliance for Japanese businesses, including:

Different accounting standards: Vietnamese Accounting Standards (VAS) differ significantly from Japanese GAAP and IFRS, requiring accurate and continuous conversion of financial statements.
Cash flow and foreign currency management: Exchange rate fluctuations and foreign exchange regulations can affect cash flow, especially for companies that import or transact internationally.
Diverse tax requirements: Businesses need to comply with many types of taxes such as Corporate Income Tax (CIT), Value Added Tax (VAT), Foreign Contractor Tax, Personal Income Tax (PIT), as well as social and health insurance.
Parallel reporting system: Many companies must simultaneously meet reporting requirements of Vietnam and Japan, resulting in a large amount of accounting and auditing work.

These challenges not only increase the internal workload but also require the support of a highly qualified Vina TPT accounting service partner to help businesses operate financially stably and legally.

BRIDGE JAPAN-VIETNAM ACCOUNTING STANDARDS

3. Essential Services to Hire for Smooth Operations

To overcome barriers and ensure compliance, Japanese investors should hire an accounting service that provides a comprehensive and in-depth service package. Some important services include:

Bookkeeping & General Accounting: Standard accounting bookkeeping, invoice management, processing daily transaction documents to ensure accuracy and transparency.
Financial Reporting & Conversion: Prepare financial statements according to VAS standards and convert to Japanese GAAP or IFRS for auditing, consolidate reports for parent companies in Japan.
Tax Filing & Compliance Service: Support periodic tax declaration, submit CIT, VAT, PIT, social insurance and other tax obligations on time, helping to avoid late payment penalties.
Payroll & HR Accounting: Manage payroll, personal income tax and insurance for employees, ensuring compliance with Vietnamese labor laws.
Audit Preparation & Internal Control: Establishing an internal control system and preparing documents for independent audits, helping businesses prepare for any financial audit or assessment.

With the above services, Vina TPT accounting service helps Japanese businesses not only comply with Vietnam accounting compliance for Japanese business, but also optimize costs and improve long-term financial management efficiency.

4. Ensuring Compliance with Vietnamese Standards and Japanese Reporting Requirements

For Japanese companies operating in Vietnam, dual compliance is not only a legal requirement but also a key factor in maintaining the trust of shareholders and parent companies. Enterprises need to ensure Vietnam accounting compliance for Japanese business, while also meeting international reporting standards such as Japanese GAAP, IFRS or the group’s consolidated standards. This process includes preparing consolidated financial statements, converting reports from VAS (Vietnamese Accounting Standards) to international standards, reconciling internal data, and closely managing multidimensional financial indicators.

Performing these dual requirements yourself requires in-depth knowledge, time and experienced personnel, so hiring a professional accounting service is the optimal solution. A reputable unit like Vina TPT accounting service will provide a complete accounting service Vietnam, support the preparation of bilingual financial reports (Vietnamese – Japanese/English), control input data, and standardize the accounting system to easily serve both the Vietnamese tax authorities and the parent company in Japan.

By combining tax compliance, financial reporting, and business accounting Vietnam in one comprehensive service, Vina TPT helps businesses minimize the risk of errors, optimize the inspection process, and ensure all reports are transparent, accurate, and timely. This is the strategic solution for Japanese businesses in Vietnam to maintain sustainable growth, strengthen their reputation in both markets, and enhance their ability to expand in the future.

5. Vina TPT’s Advantage for Japanese Investors

Vina TPT stands out in the Vietnamese accounting service market thanks to its team of Japanese-Vietnamese bilingual experts and in-depth knowledge of Vietnam accounting compliance for Japanese business. The accompaniment of Lawyer Le Quoc Duy, a legal expert who can communicate directly in Japanese, helps all legal and financial procedures to be implemented quickly, accurately and in accordance with Japanese corporate culture.

Outstanding strengths of Vina TPT accounting service:

Bilingual Expertise: Support communication, reporting and financial analysis in both Japanese and Vietnamese.
Tailored Accounting Solutions: Provide flexible services from bookkeeping, tax filing to financial advisory, suitable for the needs of each type of investment.
Regulatory Insights: Always update Vietnamese tax regulations and accounting standards, helping Japanese enterprises maintain Vietnam accounting compliance for Japanese business in a sustainable way.
Strategic Financial Planning: Support financial planning, optimize capital structure and prepare for international audits.

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6. Steps to Engage the Right Accounting Service in Vietnam

To choose the most suitable and effective hire accounting service, Japanese investors can follow these steps:

Determine specific needs: Evaluate business scale, reporting requirements, accounting standard conversion needs and level of support from partners.
Evaluate experience and expertise: Choose a partner with professional certification and experience providing accounting services in Vietnam for Japanese businesses.
Compare costs and scope of services: Ensure transparent fees, suitable for budget, and include important services such as bookkeeping, tax filing and compliance.
Sign the contract and implement the service: Clearly define responsibilities, reporting deadlines and information exchange methods to optimize cooperation efficiency.

With extensive experience and comprehensive services, Vina TPT accounting service is the ideal choice to ensure Vietnam accounting compliance for Japanese business, helping Japanese businesses develop sustainably in Vietnam.

Hire Vina TPT accounting service today to ensure Vietnam accounting compliance for Japanese business and fully meet Japanese reporting requirements.

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Accounting & Tax, Finance & Accounting Knowledge, Lasted News

How Outsourced Full-Service Accounting Empowers FDI Companies in Vietnam

Posted on 23/09/202527/03/2026 by ASS

Full-service accounting solutions for FDI companies in Vietnam

1. How Full-Service Accounting Supports FDI Companies in Vietnam

With the growth rate of Foreign-capital enterprises in Vietnam (more than 36 billion USD of registered capital in 2024 according to the Ministry of Planning and Investment), more and more multinational enterprises are facing accounting and tax complexities. A Japanese company operating in Vietnam must both prepare reports according to Vietnamese Accounting Standards (VAS) for domestic management agencies and ensure IFRS standards to send to the parent company. Without a professional full-service accounting system, the risk of data errors, late submission of reports or administrative fines is very high.

At the strategic level, full-service accounting is not only an accounting support service, but also acts as a “financial arm” to help Foreign-capital companies optimize capital management, improve internal control processes and minimize legal risks. A typical case is Samsung in Vietnam: huge transaction volume, many supply chains and factories force them to standardize reports on digital platforms. This is an example showing that outsourced accounting can bring long-term sustainability to the operations of Overseas-invested companies

2. Key Advantages of Outsourced Accounting

When choosing outsourced full-service accounting, companies can receive the following practical values:

Saving costs & resources: Instead of maintaining a cumbersome internal accounting department, enterprises only need to pay service fees according to demand, avoiding the burden of fixed costs.
Ensuring legal compliance: Professional service providers always update the latest regulations on tax and accounting, helping enterprises avoid the risk of administrative fines.
Transparency & international standards: Financial reports are standardized according to both Vietnamese law and IFRS, supporting reconciliation and transparency when sent to the parent corporation.
Optimizing financial management: Not only stopping at accounting, this service also provides in-depth financial analysis, helping the leadership have a comprehensive view to make strategic decisions.

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3. Streamlining Financial Operations Through Full-Service Accounting

To maximize the benefits of outsourced full-service accounting, FDI enterprises need to pay attention to some important points:

Choose a reputable partner: Priority should be given to companies with experience working with FDI, understanding Vietnamese law and familiar with international standards.
Ensure data security: Accounting is directly related to sensitive financial data, so it is necessary to choose a supplier with a standard security system.
Define a clear scope of services: Depending on the scale, enterprises can choose a service package including payroll, tax reporting, financial statements or a full-package.
Periodic monitoring and evaluation: Enterprises should establish a mechanism to control and evaluate service quality to ensure long-term accuracy and suitability.

4. Enhancing Compliance and Accuracy with Professional Accounting Solutions

In Vietnam, Vina TPT has been a reliable choice for many Foreign Direct Investment companies. With a team of experts who have a deep understanding of Vietnamese accounting laws and rich experience in implementing financial reports according to international standards, Vina TPT full-service accounting solutions not only brings peace of mind in terms of compliance, but also acts as a strategic advisor.

To give Foreign Direct Investment companies a clearer view of how these solutions work in practice, here’s what Vina TPT’s full-service accounting actually delivers in each key stage of financial management.

Vina TPT’s full-service accounting service does not stop at bookkeeping or basic reporting, but covers the entire financial management process of Cross-border investment companies. First, Vina TPT collects and standardizes accounting data, compares data from many sources and ensures compliance with Vietnamese accounting and tax standards, and prepares reconciliation reports according to IFRS or US GAAP when requested by the parent company. Next, Vina TPT’s team of experts will prepare bilingual financial reports (Vietnamese – English or Japanese), including balance sheets, business performance reports, cash flow statements and report notes, satisfying both domestic management agencies and the parent group.

In addition, Vina TPT also conducts compliance reviews and adjustments before the settlement period, checks tax obligations according to investment certificates, mandatory audit requirements and related legal regulations to promptly detect and handle errors. For multinational corporations, Vina TPT supports the preparation of financial consolidation packages, synthesizing data from many subsidiaries or branches in Vietnam to send to the head office in accordance with standards and on time.

Thanks to Vina TPT’s full-service accounting service, Cross-border investment companies can completely focus on core business activities, while all financial and accounting issues are handled professionally, transparently and always in accordance with international standards.

With the support of reputable partners like Vina TPT, Foreign-capital enterprises can completely rest assured to expand their operations, seize opportunities and affirm their position in the Vietnamese market.

From compliance to growth – let Vina TPT full-service accounting solutions guide your FDI success.

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

Transfer Pricing Regulations and Guidelines for FDI Companies in Vietnam

Posted on 23/09/202527/03/2026 by ASS

1. Why Transfer Pricing Matters for FDI Companies in Vietnam

Transfer pricing is considered a key factor for Foreign-invested enterprises to plan tax strategies and ensure compliance with Vietnamese law. In fact, these rules greatly affects the way profits are allocated among related parties in many countries around the world. Therefore, if these companies do not strictly manage transfer pricing, this activity will lead to suspicions about profit transfer. This will lead to consequences that make businesses closely monitored by tax authorities.

In Vietnam, pricing regulations is extremely strictly controlled because it directly affects tax revenue and economic fairness. If Overseas-invested companies do not comply, they will certainly face high risks such as administrative fines, prolonged inspections, and impacts on reputation and relationships with state agencies. Therefore, it can be seen that if those companies comply with good regulations, it will help reduce risks and build reputation and trust with investors and management agencies.

2. When do companies need to prepare

Transfer pricing documents are required when Foreign-capital enterprises conduct related transactions. Related transactions are known as transactions between companies in Vietnam and parent companies, other subsidiaries, or foreign affiliates. Typical examples for a clearer understanding are cross-border sales of goods, provision of internal services within the group, transfer of intellectual property rights, or internal lending.

According to regulations in Vietnam, operating enterprises are required to fully retain the pricing framework documents annually when exceeding the prescribed revenue and transaction value thresholds. This document is evidence proving that transactions comply with the arm’s length principle – that is, transactions are conducted at market prices, as between independent parties. The document plays an extremely important role, because if missing, enterprises will be subject to additional taxes and heavy penalties.

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3. Key Legal Rules that Every Company Must Know

In Vietnam, transfer pricing activities are regulated by Decree 132/2020/ND-CP and related guiding documents of the Ministry of Finance. This is the legal framework that stipulates the principles of determining related transaction prices, the requirement to prepare transfer pricing documents, and the method of comparison with market prices (arm’s length principle).

Some key points that FDI companies need to pay special attention to include:

Revenue & transaction value threshold: Enterprises with total revenue of VND 50 billion or total related transaction value of VND 30 billion or more are required to prepare and store transfer pricing records annually.
Required records: Includes 3 levels according to international standards – Local file, Master file and Country by Country Report (CbCR).
Submission and storage deadline: The documents must be prepared at the same time as the financial statements and tax declarations, and be ready to be provided when requested by the tax authorities.

Understanding and complying with these regulations not only helps businesses comply with the law but also avoids risks of late payment penalties, tax arrears and in-depth audits from the authorities.

4. How to Prepare for a Transfer Pricing Documents?

To create a complete and accurate transfer pricing document, FDI companies need to implement a process consisting of 4 basic steps:

4.1 Collect related transaction data for Transfer Pricing Documents

Synthesize all contracts, accounting documents, financial reports related to related transactions such as internal goods and services, technology licensing, internal loans, etc.

4.2 Analyze functions and risks

Determine the role of each party in the transaction (service provider, distributor, R&D, brand management, etc.) to demonstrate reasonable profit margins.

4.3 Compare market prices

Apply accepted methods (CUP, TNMM, RPM, CPM) to demonstrate that the transaction complies with the arm’s length principle.

4.4 Draft and archive documents

The documents must clearly show business information, pricing methods, analysis results and reference documents. The storage must be made available upon request from tax authorities or during tax audits.

5. Practical Tips to Stay Compliant Without Penalties

To minimize risks and avoid being overcharged, enterprises need to proactively review internal transactions periodically, ideally quarterly or semi-annually, in order to make timely adjustments before the reporting period. At the same time, data synchronization between departments such as accounting, finance and legal plays a key role in ensuring that all information and related-party transaction contracts are updated accurately and consistently.

In addition, cooperating with consulting units with knowledge of Vietnamese law and international standards such as Vina TPT helps enterprises prepare complete documents and receive in-depth consultation before determining the transfer price.

This proactive approach not only helps enterprises maintain compliance, avoid administrative fines but also strengthens the image of transparency and reputation with management agencies.

6. Partnering with Vina TPT for Smooth Management

With more than 10 years of experience supporting Foreign Direct Investment Companies in Vietnam, Vina TPT tax audit support provides consulting services and prepares documents according to international standards, and supports businesses during tax audits.

Outstanding benefits when cooperating with Vina TPT:

Consulting on optimal transfer pricing strategies, minimizing tax risks.
Preparing a complete set of transfer pricing documents (Local file, Master file, CbCR) in accordance with regulations and on time.
Representing businesses in meetings with tax authorities, helping the inspection and examination process take place quickly and transparently.

Accompanying Vina TPT, every company can focus on business activities with peace of mind, while ensuring compliance with legal regulations in Vietnam.

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

Preparing Detailed Financial Statements for FDI Companies

Posted on 23/09/202527/03/2026 by ASS

Financial statements for FDI companies in Vietnam

1. Understanding the Importance of Accurate Financial Statements

For Foreign Direct Investment companies in Vietnam, financial statements are not only mandatory legal documents to comply with the law. They are also a tool to help clarify financial situations and build solid reputation with investors and management agencies. Financial statements, if done correctly and sufficiently, will help enterprises face and manage risks very well. At the same time, it also helps companies make more effective management, investment and business decisions. This is also one of the important factors determining sustainable development for enterprises, not just Foreign-capital companies in Vietnam.

2. Key Components of FDI Financial Statements

A standard set of financial statements of a company usually includes:

Balance sheet – showing assets, liabilities and equity.
Income statement – reflecting revenue, expenses and profits.
Cash flow statement – tracking cash flow and liquidity.
Notes to financial statements – explaining accounting policies and adjustments.

Each component plays an extremely important role, indispensable to create a complete financial report. If done correctly and sufficiently, this will be considered the most comprehensive picture of the financial situation of the enterprise.

3. Aligning Financial Reporting with International Standards

Because many Overseas-invested companies operate internationally and across borders, it can be seen that standardizing financial reports according to standards such as IFRS is very necessary and not an easy task for many enterprises. In Vietnam, the accounting system mainly follows Vietnamese Accounting Standards (VAS), however, enterprises may need to perform dual reporting to simultaneously meet domestic requirements and satisfy obligations to foreign parent companies. This will certainly help reports to always be transparent, consistent and support cross-border transactions more conveniently and easily.

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4. Common Challenges in Preparing Detailed Reports

Businesses always face many difficulties and challenges when making reports, specifically:

Difficulties in consolidating reports of many subsidiaries.
Errors in classifying expenses and revenues.
Errors in converting foreign currencies.
Pressure in submitting financial reports and tax obligations.
Limited human resources with knowledge of both VAS and IFRS.

If not handled promptly, these issues can lead to administrative fines, loss of reputation and impact on long-term financial strategies.

5. Practical Steps to Ensure Accuracy and Compliance

To ensure accurate and compliant financial reporting, Overseas-invested companies can apply:

5.1 Data Collection & Standardization

The first and most important thing is to collect accounting data from various sources: internal ERP systems, branches, subsidiaries or reports from departments (sales, purchasing, production, etc.). Enterprises need to compare, eliminate errors and ensure that all data is recorded on time and consistently. At the same time, all data must be standardized according to tax regulations and Vietnamese accounting standards (VAS), from document formats, account systems to transaction codes. This is the foundation to help avoid errors when preparing financial statements or when performing consolidation later.

5.2 Financial Statement Preparation

Once the data has been standardized, the next step is to prepare a complete set of financial report:

Balance Sheet: reflects all assets, liabilities and equity.
Income Statement: summarizes revenue, expenses and profits.
Cash Flow Statement: tracks cash inflows and outflows to assess liquidity.
Notes to the Accounts: explains accounting policies, calculation methods and important adjustments.

For Foreign Direct Investment companies, in addition to VAS, the enterprise also needs to prepare a reconciliation report to meet IFRS or US GAAP if required by the parent corporation. This requires in-depth data analysis and processing skills to ensure compatibility between the two accounting systems.

5.3 Compliance Review & Adjustments

Before finalizing the report, the enterprise needs to conduct a tax and legal compliance check:

Check with the Investment Certificate and the terms of capital contribution.
Ensure compliance with statutory audit requirements and current Vietnamese accounting laws.
Check and adjust items that may generate tax risks, such as transfer pricing, exchange rate differences, or deductible expenses.

This review helps the enterprise minimize the risk of being subject to additional collection or administrative fines, while strengthening its reputation with management agencies and investors.

5.4 Consolidation & Reporting

For multinational corporations, the final step is to prepare a consolidation package to send to the parent company or regional headquarters. This includes:

Group-level consolidation: consolidating data from multiple subsidiaries, branches, or investment projects in Vietnam.
Preparing bilingual reports (Vietnamese – English) to satisfy both domestic authorities and the needs of the parent corporation and international investors.

This process requires high accuracy to avoid errors during consolidation, while also complying with strict reporting deadlines for both Vietnam and the parent company.

To ensure that your financial statements fully comply with Vietnamese accounting standards (VAS) and IFRS, enterprises should cooperate with reputable accounting and auditing service providers such as full-service accounting from Vina TPT for inspection and consultation. Professional service providers in Vietnam often have a team of tax and accounting experts with over 10 years of experience, ready to support from the data preparation stage, compliance review to report consolidation, helping businesses minimize risks and save time.

6. How Vina TPT Bookkeeping Supports FDI Companies in Streamlining Financial Reporting

With a team of experienced experts in supporting Foreign Direct Investment Companies in Vietnam, Vina TPT has services such as Preparation Financial Statement – Consolidated Report, helping businesses build detailed, accurate and transparent financial statements. Vina TPT supports businesses with needs for:

Preparing financial report according to VAS and IFRS standards.
Consolidating reports, processing foreign currency items.
Checking compliance before tax settlement.
Applying digital solutions to optimize the process.

Vina TPT’s services are diverse, accurate and transparent, so customers can rest assured to use them. Thanks to that, enterprises can focus on growth, while still ensuring that the reporting system meets international standards.

Ready to simplify your financial reporting? Contact Vina TPT today and ensure your financial statements meet both VAS and IFRS.

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