Bookkeeping & Financial Reporting
VAS-Compliant Records for FDI Enterprises
Accurate, audit-ready financial records maintained under Vietnamese Accounting Standards (VAS). Our licensed CPAs handle your general ledger, bank reconciliations, and monthly management reports — delivered in both English and Vietnamese so your headquarters always has clear visibility.
MOF Licensed
CPA Certificate No. 157/KDKET
3,000+
Monthly Management Reports Delivered
200+
FDI Clients Nationwide
Why FDI Enterprises Need Local Bookkeeping Expertise
All FDI enterprises must maintain statutory accounting records under the revised Vietnamese Accounting Standards (VAS) per Circular 99/2025/TT-BTC. Non-compliance results in fines up to VND 30 million and invalidation of tax deductions.
Your books must be maintained in Vietnamese Dong and supported by valid e-invoices under Decree 70/2025/ND-CP. This complexity multiplies when you reconcile these strict local rules with your parent company's IFRS or US GAAP requirements.
Our licensed CPAs maintain your complete general ledger under strict VAS compliance. We deliver bilingual, IFRS-mapped management reports by the 15th of each month. Clean books ensure smooth statutory audits and protect you during tax inspections.
What We Handle
- Full general ledger maintenance under Vietnamese Accounting Standards (VAS)
- Monthly bank reconciliation and cash flow tracking
- Bilingual financial reports (English & Vietnamese) for headquarters and local authorities
- E-invoicing processing and compliance under Decree 123/2020
- Foreign currency transaction management per Circular 200/2014
- Fixed asset register maintenance and depreciation schedules
- Monthly, quarterly, and annual financial statement preparation
- Accounts payable and accounts receivable management
- Intercompany transaction reconciliation for multi-entity structures
How We Handle Your Registration
Books Health Check
We review your current financial records, identify gaps, and assess your chart of accounts against VAS requirements. If you're a new entity, we set up everything from scratch.
System Setup & Chart of Accounts
Configure your accounting software with a VAS-compliant chart of accounts, establish coding structures, and set up e-invoicing integration under Decree 123.
Monthly Processing Cycle
Our team processes your transactions, posts journal entries, reconciles bank accounts, and prepares your monthly closing entries — all within agreed-upon deadlines.
Management Reporting
You receive bilingual management reports by the 15th of the following month — including P&L, Balance Sheet, Cash Flow, and any custom KPIs your headquarters requires.
Year-End Close & Audit Prep
Complete year-end closing, prepare statutory financial statements, and coordinate all documentation required for your annual statutory audit.
What You'll Receive
Daily & Monthly Operations
- General ledger posting and maintenance
- Bank reconciliation (all accounts)
- Accounts payable processing
- Accounts receivable tracking
- E-invoice issuance and processing
- Petty cash management
Financial Statements
- Monthly management reports (EN & VI)
- Quarterly financial statements
- Annual statutory financial statements
- Balance Sheet, P&L, Cash Flow Statement
- Notes to Financial Statements
- Custom HQ reporting packages
Compliance & Controls
- VAS chart of accounts maintenance
- Fixed asset register & depreciation
- Foreign currency revaluation
- Intercompany reconciliation
- Audit preparation and document pack
- Regulatory update advisories
"Clean books aren't just about compliance — they're your early warning system. When your ledger is accurate and up-to-date, you catch cash flow problems before they become crises, spot tax optimization opportunities before deadlines pass, and walk into audits with confidence instead of anxiety."
David Nguyen
Partner & Director
CPA License #3868 — Ministry of Finance, Vietnam · 14+ years in audit, tax, and FDI consulting. Specialist in manufacturing FDI and complex multi-entity accounting structures.
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Vietnam Accounting & Reporting Compliance for Foreign-Invested Enterprises
VAS framework, Circular 99/2025, statutory audit, and Chief Accountant rules. All FDI reporting obligations with deadlines and penalties explained.
Read Article
VAS vs IFRS: Key Differences for FDI Enterprises in Vietnam (2026)
VAS accounting rules every FDI company must follow in Vietnam. Chief Accountant mandate, Circular 99/2025, e-invoicing, and IFRS mapping explained.
Read Article
Vietnam Tax System: What Every FDI Enterprise Must Know (2026)
Vietnam tax rates: CIT 20%, VAT 10%, PIT 5-35%, FCT varies. Filing deadlines, incentives, and audit risks for foreign-invested enterprises.
Read ArticleFrequently Asked Questions
Vietnam uses Vietnamese Accounting Standards (VAS), a locally developed framework issued by the Ministry of Finance. While VAS shares some concepts with IFRS, there are significant differences in areas like revenue recognition, lease accounting, and financial instrument classification. All enterprises operating in Vietnam must maintain their books under VAS.
Yes. While your statutory books are maintained under VAS, we deliver management reporting packages in the format your headquarters requires — whether that's IFRS-aligned, US GAAP-mapped, or a custom template. Reports are always delivered bilingually in English and Vietnamese.
Vietnam mandates electronic invoices under Decree 123/2020. We handle the full e-invoicing cycle: issuance, transmission to the General Department of Taxation, and integration with your accounting records. We work with all major e-invoicing providers in Vietnam.
We work with MOF-approved accounting platforms including MISA, AccNet, and Fast Accounting. The choice depends on your business size, complexity, and headquarters' requirements. For multi-entity operations, we can also integrate with international ERP systems.
Standard turnaround is by the 15th of the following month. For clients who need faster reporting (e.g., listed parent companies), we offer an accelerated cycle with reports delivered by the 10th. Turnaround depends on timely receipt of source documents from your side.
When tax authorities inspect your books, our team handles the full preparation: organizing documentation, coordinating with your Chief Accountant, and assisting during the inspection itself. Well-maintained books significantly reduce the risk and duration of inspections.
Not sure where to begin?
Ready to Get Your Books in Order?
Our licensed CPAs will set up and maintain your VAS-compliant general ledger — so your books are always audit-ready and your headquarters always informed.