Bookkeeping Services
Contact us: info@vbk.com.vn | Website: vinabookkeeping.com/en
VINA BOOKKEEPING CO., LTD. (“VBK”) is one of the leading mid-tier accounting and advisory firms in Vietnam. Driven by our core purpose of being the firm of choice for growing businesses seeking high-quality and personalized services, VBK provides expert solutions in incorporation, bookkeeping, accounting, taxes, and advisory to foreign direct investment (FDI) enterprises across Vietnam.
Recognized for excellence, VBK ranked in the Top 10 largest accounting firms in Vietnam by the Ministry of Finance for two consecutive years (2018–2019). In addition, VBK is proud to be recognized in Top Brands Asia – Pacific 2026 in the Accounting and Tax Advisory Services Sector.
Currently, VBK serves FDI enterprises and Foreign-Invested Enterprises (FIEs) from over 22 countries worldwide, including multinational corporations and foreign companies listed on stock exchanges in the US, Japan, and Singapore. With 3 strategic offices in Vietnam and a team of 75 experienced professionals—including 7 ASEAN CPAs, 10 CPAs, and 12 CPTs—we deliver unparalleled expertise.
VBK was honored with the Certificate of Merit from the Vietnam Tax Consultants’ Association (“VTCA”) for outstanding contributions to tax compliance support (2018–2022) and received the Certificate of Merit from the Vietnam Association of Accountants and Auditors (“VAA”) for contributions to professional development (2019–2022).
Core Bookkeeping & Accounting Challenges Faced by FDI Enterprises in Vietnam
Operating a foreign company in Vietnam presents complex compliance and administrative demands:
- Complex Vietnamese Accounting Standards (VAS): Adapting parent company reporting models (IFRS/US GAAP) to meet strict local VAS requirements.
- Strict Tax Compliance: Navigating frequent updates in VAT, Corporate Income Tax (CIT), Foreign Contractor Tax (WHT), and transfer pricing rules.
- Language & Cultural Barriers: Managing accounting records in dual languages (English/Vietnamese) while fulfilling statutory filing deadlines.
- Statutory Chief Accountant Requirement: Fulfilling the mandatory legal requirement to appoint a qualified Chief Accountant under Vietnamese law.
Comprehensive Bookkeeping & Accounting Services at VINA BOOKKEEPING
2.1 Bookkeeping & Accounting Services
2.1.1 Initial Accounting Setup and Registration
Under prevailing regulations, any business entity granted an Enterprise Registration Certificate must establish and maintain an appropriate accounting system adhering to VAS. VBK assists every new foreign company with initial setups:
- Understand the Company’s reporting requirements, templates, systems, and software.
- Set up the Company file in an appropriate accounting software and formulate a chart of accounts in accordance with VAS and your specific requirements.
- Register the Company’s accounting policies and first fiscal year with tax authorities (if required).
- Register the Company’s fixed assets depreciation methods with tax authorities (if required).
2.1.2 Monthly Bookkeeping Services and Reporting
Following initial setup, VBK provides ongoing monthly bookkeeping services and accounting support for FIEs:
- Collect necessary source documents, contracts, invoices, payments, receipts, and vouchers.
- Review source data and post accounting entries according to the chart of accounts in compliance with VAS (in English and Vietnamese).
- Deliver monthly reports including Balance Sheet, Profit & Loss, Trial Balance, Cash Flow, and General Ledgers as per VAS in both English and Vietnamese.
- Optional Scope (available upon request): Preparation of customized management reports, IFRS conversion adjustments based on VAS vs. IFRS gap assessments, and localization of group accounting software to comply with VAS.
2.1.3 Assistance for the Annual Statutory Audit of Financial Statements
- Prepare and present necessary accounting and tax records to independent auditors.
- Work directly with auditors at the Company’s office during the audit engagement.
- Review draft audit reports and present them to management for decision-making.
- Submit audited financial statements to relevant authorities on the Company’s behalf.
2.1.4 Preparation and Filing of Statutory Statistics Reports
- Prepare and submit monthly/quarterly/annual reports on foreign direct investment, labor, income, and operational status to the Department of Statistics.
- Prepare quarterly reports on investment capital and charter capital implementation for the Department of Statistics.
- Prepare quarterly reports on investment project progress for the Department of Planning and Investment (DPI).
- Route all reports to the Company for review before official submission.
2.1.5 Chief Accountant Service
- Sign as Chief Accountant on audited financial statements.
- Sign as Chief Accountant on official accounting books maintained under the Vietnamese accounting regime.
2.2 Tax Compliance Services
2.2.1 Quarterly Value Added Tax (“VAT”) Filing
- Review transaction documents provided by the Company for quarterly VAT return preparation.
- Prepare quarterly statutory VAT declarations for client approval.
- File quarterly tax returns with tax authorities and advise on timely tax liability payments.
2.2.2 Withholding Tax (“WHT”) Filing
- Review supporting documents for cross-border transactions subject to WHT.
- Prepare WHT declarations per overseas remittance and submit for client review.
- Submit declarations to tax authorities and guide tax payment procedures.
2.2.3 Corporate Income Tax (“CIT”) Filing
- Assist in preparing the annual CIT finalization return using provided financial data.
- Review accounts and supporting documents to verify taxable revenues and deductible expenses.
- Issue an advisory letter identifying potential CIT risks and recommended corrective actions.
- File approved final CIT returns with local tax authorities and advise on payment timelines.
2.2.4 Preparation of Disclosure of Related Parties Transactions (Form 01)
Form 01 must be lodged alongside the annual CIT finalization return under Vietnamese transfer pricing regulations. Accurate disclosure minimizes tax audit risks for FDI entities.
- Assist management in identifying Related Party Transactions (RPTs) under local transfer pricing rules.
- Compile and format transaction values required for Form 01 disclosure.
- Assist in addressing preliminary tax authority queries regarding Form 01 disclosures.
Why Should FDI Companies Choose Bookkeeping Services of VINA BOOKKEEPING?
- Proven FDI Track Record: Trusted by clients from over 22 countries, including public companies listed in Japan, the US, and Singapore.
- Top-Tier Credentials: Recognized among the Top 10 largest accounting firms in Vietnam by the Ministry of Finance and Top Brands Asia – Pacific 2026.
- Highly Certified Team: Staffed by 75 certified specialists including 7 ASEAN CPAs, 10 CPAs, and 12 CPTs with deep technical knowledge of FDI and FIE regulatory frameworks.
- Quality First & Omotenashi: At VBK, service quality is always our top priority, delivered with a spirit of dedicated service (Omotenashi) that consistently exceeds client expectations.
Benefits of Choosing Professional Bookkeeping Services at Vina Bookkeeping (VBK)
- Full Statutory & Tax Compliance: Eliminate risks and ensure seamless alignment with local tax laws and statutory requirements.
- Cost Efficiency: Save up to 50% of full-time internal accounting overhead while gaining access to senior-level advisory capabilities.
- Bilingual Transparency: Dual-language reporting (English/Vietnamese) bridges the communication gap between local operations and global headquarters.
- Focus on Core Growth: VBK is a trusted partner for FDI clients in Vietnam, allowing foreign management to concentrate fully on expanding business operations while VBK manages complex financial backend requirements.
Contact Vina Bookkeeping Today
Streamline your bookkeeping services and tax compliance in Vietnam with a trusted mid-tier leader.
- Email: info@vbk.com.vn
- Website: vinabookkeeping.com/en
- Offices: Ho Chi Minh City | Hanoi | Nha Trang
