What accounting and tax requirements apply to companies in Vietnam?

Companies operating in Vietnam are generally required to maintain accounting records, prepare financial statements, and meet ongoing tax reporting obligations throughout the financial year. Depending on the nature of the business, requirements may include: Corporate Income Tax (CIT) reporting Value Added Tax (VAT) declarations Personal Income Tax (PIT) reporting Annual financial statements E-invoicing requirements Other applicable regulatory filings The exact obligations depend on the company's activities, ownership structure, and operational footprint in Vietnam.

Is e-invoicing mandatory in Vietnam?

Vietnam has progressively adopted electronic invoicing as part of its digital tax administration framework. Many businesses are required to issue and manage invoices electronically in accordance with local regulations. E-invoicing requirements may affect: Invoice issuance processes Tax reporting procedures Record management practices Financial administration workflows Businesses should ensure their invoicing processes align with current regulatory requirements.

Does a company in Vietnam require a statutory audit?

Statutory audit requirements depend on the company's structure, ownership, and business activities. Certain foreign-invested enterprises and regulated businesses may be required to undergo an annual audit. A statutory audit may support: Regulatory reporting requirements Financial statement accuracy Tax reporting obligations Stakeholder transparency Corporate governance objectives Businesses should assess whether audit requirements apply to their specific circumstances.

Accounting and Taxation | Ascentium Vietnam

How We Support Your Financial Operations

Our approach combines accounting, reporting, and tax support to help businesses maintain financial visibility and meet ongoing requirements in Vietnam.

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Understanding Your Business

We review your business activities, transaction flows, reporting obligations, and operational requirements to determine the level of accounting and tax support needed for your business in Vietnam.

Building the Right Financial Framework

Our team establishes the accounting, reporting, and tax processes needed to support accurate record-keeping, financial visibility, and compliance with local requirements.

Managing Reporting and Tax Requirements

We support bookkeeping, financial reporting, tax declarations, and compliance obligations, including requirements related to Corporate Income Tax (CIT), Value Added Tax (VAT), and other applicable filings.

Prepare and Submit Filings

We support VAT, CIT, financial statements and related statutory submissions according to filing timelines.

Support Year-End Close

We help prepare year-end reports, coordinate audit work where required and hand over accounting books in digital format.

Supporting Sustainable Growth

As your business evolves, we continue supporting financial reporting, e-invoicing requirements, tax compliance, and changing operational needs across different stages of growth.

Corporate Income Tax

Vietnam’s standard Corporate Income Tax rate is 20%, with certain lower rates for qualifying smaller enterprises and higher rates for specific sectors such as oil, gas and mineral resources.

Value-Added Tax

VAT rates in Vietnam include 0%, 5%, 10% and exempt categories. A 2% VAT reduction applies to certain goods and services for the period from 1 July 2025 to 31 December 2026.

Personal Income Tax

Resident employment income is taxed progressively up to 35%, while non-resident employment income is generally taxed at a flat 20%, subject to applicable rules and treaty considerations.

Digital Tax Administration

Vietnam's transition towards electronic invoicing and digital tax administration continues to reshape how businesses manage reporting obligations, maintain records, and interact with tax authorities.

E-Invoice Requirements

Businesses subject to declaration-based tax payment are generally required to use e-invoices, making proper setup and monthly record discipline important.

Our team supports businesses with Vietnam Accounting Standards, e-tax processes, VAT, CIT and statutory reporting requirements.

We help keep monthly, quarterly and annual reports organised, accurate and submitted on time, reducing avoidable compliance pressure.

From e-invoice setup to year-end financial statements, audit coordination and tax finalisation, our support covers the full accounting cycle.

We help foreign-invested entities manage added requirements such as audit coordination, Department of Finance submissions and statutory reporting.

Outsourcing accounting and tax support can reduce the burden of building an internal finance team while keeping reporting standards consistent.

Financial Operations, Managed by Professionals

Focus on running your business while we maintain the financial records needed to support reporting, tax and operational requirements.

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Companies operating in Vietnam are generally required to maintain accounting records, prepare financial statements, and meet ongoing tax reporting obligations throughout the financial year. Depending on the nature of the business, requirements may include:

Corporate Income Tax (CIT) reporting
Value Added Tax (VAT) declarations
Personal Income Tax (PIT) reporting
Annual financial statements
E-invoicing requirements
Other applicable regulatory filings

The exact obligations depend on the company's activities, ownership structure, and operational footprint in Vietnam.

Yes. Foreign-owned companies are generally required to maintain accounting records that accurately reflect their business transactions and financial position. Proper bookkeeping supports financial reporting, tax compliance, audit requirements, and regulatory reporting obligations. Maintaining accurate records is also important for monitoring business performance and supporting informed business decisions.

Vietnam has progressively adopted electronic invoicing as part of its digital tax administration framework. Many businesses are required to issue and manage invoices electronically in accordance with local regulations.

E-invoicing requirements may affect:

Invoice issuance processes
Tax reporting procedures
Record management practices
Financial administration workflows

Businesses should ensure their invoicing processes align with current regulatory requirements.

Statutory audit requirements depend on the company's structure, ownership, and business activities. Certain foreign-invested enterprises and regulated businesses may be required to undergo an annual audit.

A statutory audit may support:

Regulatory reporting requirements
Financial statement accuracy
Tax reporting obligations
Stakeholder transparency
Corporate governance objectives

Businesses should assess whether audit requirements apply to their specific circumstances.

Yes. Ascentium can support VAT declarations, CIT instalment calculations, annual CIT finalisation and related tax reporting based on the agreed service scope.

Many businesses choose to outsource accounting and tax functions to access specialised expertise while maintaining efficient financial operations. Outsourcing can help businesses improve reporting accuracy, meet filing deadlines, navigate local requirements, and focus internal resources on core business activities.

The level of support required depends on the company's size, operational complexity, and reporting obligations, making outsourced support a practical option for many growing businesses.

Speak to a Vietnam Accounting & Taxation Specialist

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Accounting & Taxation Services in Vietnam

How We Support Your Financial Operations

Understanding Your Business

Building the Right Financial Framework

Managing Reporting and Tax Requirements

Prepare and Submit Filings

Support Year-End Close

Supporting Sustainable Growth