Getting Your Financials Right in Vietnam - From Company Setup to Transfer Pricing Compliance
For foreign companies entering Vietnam and overseas-based business owners managing Vietnamese operations from abroad, the financial and accounting landscape is one of the most consequential - and most frequently underestimated - challenges of doing business here.
Vietnam's corporate tax framework, accounting standards, and transfer pricing regulations are detailed, actively enforced, and regularly updated. Getting them right from the very beginning is not simply good practice. It is the foundation on which everything else your business builds in Vietnam depends.
Elite Centrum Consulting provides a fully integrated Financial, Accounting, and Transfer Pricing Consulting service - combining company setup, accounting system design, transfer pricing compliance, and ongoing tax advisory into a single, seamlessly managed engagement.
Company Setup - Starting on Solid Ground
Every financial and accounting challenge a foreign enterprise faces in Vietnam becomes significantly harder if the entity was not structured correctly at the outset. We manage the full establishment process on your behalf - investment registration, enterprise registration, tax code issuance, bank account opening, and all government liaison - ensuring your entity is established with the right legal structure, registered capital, business lines, and tax registration from day one.
For overseas-based business owners who cannot be present during setup, we handle everything remotely. Getting the structure right from the beginning determines your tax position, your transfer pricing obligations, your ability to repatriate profits, and your regulatory risk exposure — for the entire life of your business in Vietnam.
Accounting Systems & Transfer Pricing - Built for Compliance
Vietnam requires accounting records maintained under Vietnamese Accounting Standards - a framework that differs significantly from IFRS or US GAAP. We design and implement accounting systems that are fully compliant locally while remaining transparent and readable for your overseas leadership and auditors.
Transfer pricing is consistently where foreign enterprises face the greatest regulatory risk in Vietnam. All related-party transactions - management fees, royalties, intercompany loans, shared service charges - must be conducted at arm's length and documented comprehensively each year. Elite Centrum provides end-to-end transfer pricing support: transaction analysis, benchmarking studies, policy design, and full Local File and Master File documentation under Vietnam's Decree 132. We also represent clients through transfer pricing audits with the technical rigour the process demands.
Ongoing Tax Compliance - Always Current, Never Missed
Vietnam's tax compliance calendar is demanding - monthly VAT declarations, quarterly CIT provisioning, annual finalisation, PIT withholding, and foreign contractor tax all require consistent, accurate, and timely attention. We manage this entire calendar on your behalf, monitor regulatory changes as they happen, and ensure your compliance framework always reflects current requirements - not last year's rules.
One Integrated Service. Complete Financial Confidence.
Rather than engaging separate providers for setup, accounting, transfer pricing, and tax - each with partial visibility of your position - our clients benefit from a single professional team with complete knowledge of their entity, transactions, and obligations. The result is better compliance, faster responses, and genuine financial confidence for overseas leadership.
If your company is entering Vietnam or looking for more reliable financial and accounting support, we welcome the conversation. Visit elitecentrum.com or contact us directly for a free initial consultation.
📍 Hanoi Office: 3rd Floor, No. 1 Dinh Le Street, Hoan Kiem Ward, Hanoi, Vietnam
📍 Ho Chi Minh City Office: 123 Ly Chinh Thang Street, Vo Thi Sau Ward, District 3, Ho Chi Minh City, Vietnam
📞 Tel/WhatsApp: +84 904 277 828
📧 Email: info@elitecentrum.com
🌐 Website: www.elitecentrum.com
