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Japanese companies in Vietnam: tax, accounting, and CFO advisory

Vietnam-side accounting, tax, payroll, transfer pricing, and CFO advisory for Japanese-headquartered companies. NTA-aligned documentation, JPY reporting.

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Overview

Japan is one of the largest foreign investors in Vietnam, particularly in manufacturing. We provide Vietnam-side accounting, tax, payroll, transfer pricing, and CFO advisory to Japanese parents. Our team is familiar with the Japan-Vietnam tax treaty, NTA documentation requirements, J-SOX controls, and JPY / USD reporting frameworks.

Who needs this service

  • Japanese-headquartered companies with Vietnam operations
  • Japanese SMEs expanding into Vietnam
  • Japanese holding companies with Vietnamese subsidiaries

Legal requirements

Vietnamese Accounting System (VAS)

Vietnam entities must maintain books under VAS and file statutory financial statements in Vietnamese.

Japan-Vietnam tax treaty

Reduces withholding on dividends to 0% (with conditions), on interest to 10%, and on royalties to 10%.

Group reporting

Japanese parents typically expect monthly management accounts in JPY, quarterly consolidation, and the annual audit.

Pricing

Indicative fees

ItemFee
Japanese client monthly compliancefrom USD 1,500 / month
JPY reporting and consolidationfrom USD 1,000 / month

Fees are indicative and depend on transaction volume, complexity, and reporting requirements. Request a tailored proposal.

Timeline

Typical engagement timeline

Phase 1 · Week 1–4

Setup

Vietnam entity setup, group chart of accounts, JPY reporting framework, J-SOX controls.

Phase 2 · From month 2

Steady state

Monthly close, group reporting, treaty-claim documentation, audit support.

Watch out

Common mistakes we help you avoid

  • 01Not obtaining the NTA Certificate of Residence before treaty claims
  • 02Missing the VAS-to-J-GAAP / IFRS reconciliation
  • 03Failing to align the TP documentation with NTA expectations
  • 04Not tracking the JPY/VND FX exposure in the management accounts
Why us

What you get

Treaty expertise

We obtain the NTA CoR, prepare the treaty-claim documentation, and apply the reduced rates.

JPY reporting

Monthly management accounts in JPY, with the FX gain/loss reconciled to the parent's reporting framework.

J-SOX-aligned controls

Internal controls and documentation aligned with J-SOX expectations.

FAQ

Frequently asked questions

What is the typical Vietnam setup for a Japanese company?
Japanese companies typically set up a 100%-foreign-owned sales subsidiary or manufacturing entity. The subsidiary is owned directly by the Japan parent or via a regional holding company (typically Singapore or Hong Kong). The Japan parent typically uses Vietnam as a manufacturing hub.
How is the Japan-Vietnam tax treaty applied?
The Japan-Vietnam DTA reduces withholding tax on dividends to 0% (where the parent holds 50%+ for 6 months and is a company), on interest to 10%, and on royalties to 10%. The Japan parent must obtain a Certificate of Residence from the NTA and submit it for treaty claims.
What is the typical engagement model for a Japanese client?
Japanese clients expect bilingual reporting (English/Japanese), J-SOX or Japanese-style internal controls, and reporting that reconciles to the Japan parent's calendar. We provide monthly management accounts, quarterly compliance, and the annual audit liaison.
What is the typical JPY reporting framework?
Japanese parents often want reporting in JPY. We maintain a JPY-functional ledger for management reporting. FX gains/losses are reconciled to the parent's reporting currency. The TP documentation follows Japanese transfer-pricing guidance.
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