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Vietnam accounting, kept ready for filing

Keep your business records organised for bookkeeping and reporting.

Tax departmentReturns start from the books
Audited statementsEvery foreign-invested company
E-invoicingRegistered before the first invoice
Chief accountantAppointed before trading

Vietnam accounting, in plain terms

A foreign-invested company keeps its books to Vietnamese rules from the day it is registered, and every tax filing and the annual audit start from them.

Where the record trail matters

Four points where a gap in the records costs more than the bookkeeping would have.

A stack of papers on a desk

Cash payments

An expense paid in cash above the legal line loses both the VAT credit and the tax deduction.

What a Vietnam filing year looks like

Returns, provisional payments, the audit and the finalisation, each on a date the law fixes.

  1. Every month

    VAT and personal income tax withholding returns by the 20th of the following month, for a company that files monthly.

  2. Every quarter

    Quarterly VAT and PIT returns and the provisional corporate income tax payment by the last day of the following quarter’s first month; a new company files quarterly in its first year.

  3. Each foreign payment

    Foreign contractor tax withheld on each payment abroad and declared per occurrence, within ten days.

  4. Before the year end

    The auditor engaged in the third quarter, and the provisional payments checked against the projected liability and topped up.

  5. Within 90 days

    The audited financial statements filed, audited by a Vietnam-licensed firm.

  6. Third month after

    The CIT finalisation filed and the balance paid, with the PIT finalisation and any transfer-pricing disclosure — 31 March for a calendar-year company.

A man working through papers at a laptop by a leafy window

Banking and capital accounts.

A foreign-owned entity needs a Direct Investment Capital Account before charter capital can be paid in, and the window is 90 days from licensing. We prepare the pack, coordinate with your chosen bank, and track the deadline.

Request a consultation

Set up your Vietnam books

Tell us the entity, the headcount and your year end. We set out the accounting regime, the monthly record trail, payroll and the audit calendar, handled by a named owner.

  • A dedicated specialist reviews your case.
  • Fixed scope in writing before any work begins.
  • Avg reply 3 minutes on WhatsApp, 24 × 7.

Request a consultation

No obligation. We tell you if it is not the right route.

What do you need help with?

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What clients say

Frequently asked

What accounting records should a Vietnam company maintain?
A Vietnam company should maintain complete, supportable records of its income, expenses, contracts, invoices, payments, payroll, tax filings, and corporate decisions. The required form and retention of records depend on the company’s activities, accounting method, tax position, and applicable Vietnamese rules. Set up document collection and accounting processes early rather than reconstructing evidence at filing time.
Does a foreign-owned company in Vietnam have to be audited?
Yes. The Law on Independent Audit requires the annual financial statements of a foreign-invested enterprise to be audited by a licensed Vietnamese audit firm, at any size and in any year. The audited statements are filed with the finalisation and are a condition of remitting profit abroad.
Do I need a tax registration separate from company registration in Vietnam?
No. Under the Law on Enterprises the enterprise code on the registration certificate is the tax code. What follows is a set of initial formalities — accounting regime, chief accountant, digital signature, bank accounts, VAT method and e-invoice registration — that must be completed before the first invoice.
What should an employer plan for when running payroll in Vietnam?
Payroll planning should cover employment terms, salary structure, payroll timing, statutory deductions and contributions, tax withholding, payslips, employment records, and reporting. The correct treatment depends on the worker’s status, residence, remuneration, location, and the company’s obligations. Confirm the employment and payroll setup before the first payment.
When should a Vietnam company plan for VAT?
VAT planning should begin before the company starts invoicing or contracting. The relevant treatment can depend on the goods or services, customer location, invoicing route, import or export elements, registration position, and supporting documentation. Align contracts, invoices, accounting records, and tax processes so the company can support its treatment.
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