Accounting services in Vietnam for foreign companies
Monthly bookkeeping, management accounts, and year-end financial statements under VAS — delivered in English, ready for your head office and group consolidation.
Overview
Our accounting service is the foundation of compliance for foreign-owned companies in Vietnam. We deliver monthly bookkeeping in line with the Vietnamese Accounting System (VAS), produce management accounts in English, and prepare year-end financial statements that satisfy the General Department of Taxation (GDT), your auditor, and your group consolidation needs. We work on cloud platforms (Xero, QuickBooks, Sage) so your CFO and head office have live visibility into the numbers.
Who needs this service
- 100%-foreign-owned companies operating in Vietnam
- Joint ventures that need bilingual reporting to both parents
- Regional headquarters with multi-entity Vietnam operations
- Startups that need an outsourced finance function
- Foreign-owned companies under audit or restructuring
Legal requirements
Vietnamese Accounting System (VAS)
All entities must maintain books under VAS. Financial statements must be in Vietnamese with English translations for the company's own use.
Statutory financial statements
Annual financial statements must be prepared and filed with the tax authority within 90 days of fiscal year-end.
Statutory audit
Limited liability companies with 2+ members, joint-stock companies, and FDI companies must be audited annually by a licensed Vietnamese audit firm.
Tax authority filings
Monthly VAT, quarterly CIT provisional, and annual CIT finalisation filings must be submitted in addition to the financial statements.
Indicative fees
| Item | Fee |
|---|---|
| Basic monthly bookkeeping (≤ 80 transactions) | from USD 250 / month |
| Standard FDI monthly bookkeeping (unlimited transactions) | from USD 800 / month |
| Year-end financial statements (VAS) | from USD 1,200 |
| IFRS reconciliation (per period) | from USD 1,500 |
| Catch-up / clean-up of prior years | from USD 3,000 per year |
Fees are indicative and depend on transaction volume, complexity, and reporting requirements. Request a tailored proposal.
Typical engagement timeline
Onboarding
Chart of accounts setup, opening balances, system access, document collection.
First month close
Process opening transactions, reconcile bank accounts, produce first management pack.
Steady state
Monthly close within 10 working days, monthly management pack, quarterly review with advisor.
Common mistakes we help you avoid
- 01Mixing personal and company expenses (a frequent GDT audit finding)
- 02Failing to record inter-company transactions in real time
- 03Treating the parent's invoice to the local entity as the same as the local entity's own expenses
- 04Missing the FX gain/loss on the foreign-currency bank account
- 05Failing to obtain valid VAT invoices for expenses that are creditable
What you get
English-first reporting
Every management pack and financial statement is delivered in English. No translation overhead for your CFO or board.
Cloud-based, live visibility
Xero, QuickBooks, or Sage with bank feeds. Your head office sees live numbers from anywhere.
Group reconciliation
Mapping the Vietnam chart of accounts to your group's reporting structure, with monthly reconciliation.
Audit-ready books
We work closely with your statutory auditor, providing working papers and reconciliations ahead of the audit.
Frequently asked questions
What accounting software do you support?
Do you provide English-language financial statements?
Can you prepare IFRS reconciliations?
How is the chart of accounts aligned with group reporting?
Ready to discuss accounting?
Free 30-minute consultation. We'll review your situation and outline a fixed-fee engagement.