Our Services

Audit | Tax | Advisory | Business Process Solutions

Grant Thornton's audit services focus on client service quality and building long-lasting relationships. We pride ourselves on having a Partner-led service for...

See Overview

International Financial Reporting Advisory Services
IFRS reporting advisory serivces of Grant Thornton are carried out by our dedicated team with expertise in IFRS implementation.
Audit Services
• Statutory audit • Review of financial statements and financial information • Agreed-upon procedures • FRAS services • Compilation of financial information • Reporting accountant • Cross-border audit • US GAAP audit
Audit Quality
We have various methods of monitoring our system of quality control and engagement quality, including real-time involvement of coaches and national office personnel on select audit engagements, reviews of issuer audit engagements prior to archiving by someone outside of the engagement team, and internal inspections of assurance engagements and the system of quality control.
Audit Approach
Audit Approach

Tax Services

Our tax professionals are dedicated to creating distinctive, and often innovative, tax solutions. Our approach starts by developing an in-depth understanding...

See Overview

Licensing services
Licensing services
International tax planning
Our extensive international network provides us with significant resources to meet all your expansion goals. We strive to develop commercially focused and tailored tax strategies to minimise tax exposures and maximise business efficiency.
Expatriate tax planning
We have a broad knowledge base and skills to assist you keep your personal income taxes to a legitimate and reasonable level, while remaining compliant with legislation. We can develop a personalised package for each key employee to take maximum advantage of the exemptions and incentives available.
Tax advisory
We will review the proposed business model and transactions and advise on tax implications and recommendations to optimize the tax opportunities under the local regulations and treaties which Vietnam entered into. Furthermore, we coordinate with our GT global tax team to provide a comprehensive tax advisory for the countries involved in the business model and transactions.
Tax compliance services
This service is designed to assist enterprises to cope with the statutory tax declaration requirements in line with the Vietnamese tax laws as well as the frequent changes and updates in tax laws.
Tax health check
Our Tax Health Check involves a high-level review of specific tax areas to highlight the key issues that need to be rectified in order to reduce tax risks. Through our extensive experience, we have identified key risk areas in which many enterprises are not fully compliant or often overlook potential tax planning opportunities. Our tax health check service represents a cost-effective method to proactively manage risks and reduce potential issues arising as a result of a tax inspection.
Transfer Pricing
Transfer pricing is a pervasive tax issue among multinational companies. In Vietnam, the tax authorities require special documentation to report related party transactions. Compliance with transfer pricing regulations is an important aspect of doing business effectively in Vietnam as failure to do so may result in significant penalties.
Tax due diligence
We conduct tax due diligence reviews of target companies to analyse their tax exposure and position in relation to acquisitions, mergers or consolidations. We are able to integrate this service with our Advisory Services department in order to offer a comprehensive, holistic due diligence review.
Customs and international trade
Our experienced professionals can help you manage customs issues more effectively through valuation planning and making use of available free trade agreements. We also assist Clients in optimising their customs procedures by making use of potential duty exemptions and efficient import-export structures. Risk mitigation activities include customs audit defense and compliance reviews.
M&A Transaction
We advise numerous foreign investors on efficient tax structures for their investments. Our experience allows you to consider all the options and set up a corporate structure that meets both operational and tax efficiency requirements. In short, the structure that is best for you.
Industrial Zones – Picking A Location For Your Business
Grant Thornton Vietnam’s one-stop services are designed to provide comprehensive support to both new and current investors who are planning to expand or restructure their business in Vietnam. Our professionals have established strong working relationships with landlords, property developers and authorities at various localities. With extensive experiences in liaison with the relevant agencies, we offer assistance including negotiation on land rental rates and efficient management of licensing process. Our customized and flexible solutions can bring benefits of cost efficient location, accelerate licensing process, and optimize tax opportunities while remaining in compliance with legislation.
Tax Audit Support
Tax audit support services provide comprehensive assistance to your business in Vietnam. Recent tax practices have shown the general tendency of launching routine tax audit on yearly basis. Tax authorities have been effectively using more sophisticated methods to identify target entities from across different industry sectors.

Advisory Services

If you are seeking to acquire or merge, divest or dispose, restructure or raise capital, equitise or list, or you are looking at identifying and mitigating...

See Overview

Business Risk Services
Business Risk Services
Transaction Advisory Services
Transaction Advisory Services
Valuation
Valuation
Business consulting services
Finance Management Advisory

Business Process Solutions

With this service, Grant Thornton can help you in increasing the company's time flexibility and direct quality control. We can help increasing the speed of...

See Overview

Accounting services
Accounting services
Taxes compliance within outsourcing
Taxes compliance within outsourcing
Payroll, personal income tax and labor compliance
Payroll, personal income tax and labor compliance
Secondments/Loan staff services
Secondments/Loan staff services
Compilation of the financial and non-financial information
Compilation of the financial and non-financial information
Accounting systems review and improvement
Accounting systems review and improvement
Initial setting-up for accounting and taxes systems
Initial setting-up for accounting and taxes systems
Management accounting and analysis
Management accounting and analysis

Technology Solutions Consulting

Our team of professionals and industry experts look forward to provide practical consultancies and end-to-end technology solutions to the clients.

See Overview

Comprehensive ERP system solution
ERP software is a tool for business operations, production management, order processing and inventory in the business process. Today, ERP software for small and medium businesses has been greatly improved to help businesses manage their business better. The article below will answer all relevant information about what ERP software is and offer the most suitable ERP solution for businesses. Let's follow along!
Analyze Business Administration data
We believe in the value that data can bring to the success and development of every business. Our team helps design data architecture supported by tools, to support business governance and provide useful information to management.
Financial reporting compliance solution package
Putting financial issues at the heart, this service helps ensure that financial reports for customers comply with both the requirements of Vietnamese accounting regulations and standards (VAS) as well as reporting standards. international finance (IFRS).
Third-party ERP extensions
ERP is a long-term solution that requires long-term travel, not short-term. We understand that many businesses cannot deploy the entire ERP system at once due to many different reasons, instead businesses can deploy each part. Over time, these solutions can be expanded to accommodate improved business processes or can even link completely new processes across different departments.
Localize, deploy and rebuild the project
Quite a few ERP projects need to be implemented according to current Vietnamese requirements and regulations, but still comply with common international business requirements. These projects need some improvements and adjustments in the right direction.
Consulting on technology solutions
We support the selection and implementation of the most suitable solutions, ensuring business efficiency and performance. We will work closely with customers to plan, evaluate and implement the right technology investment strategies and solutions to meet the development needs of businesses.

Related insights:

Technology Solutions Consulting Grant Thornton Vietnam launches new Technology Consulting & Solutions service

Launching new service: Technology Consulting & Solutions

| 1 min read | 01 Oct 2021

International Corporate Structuring Services

Grant Thornton is one of leading service providers in international incorporations in Vietnam with experience in helping our clients navigate jurisdictions...

See Overview

Offshore company establishment service
Using the offshore company model will facilitate the owner in the process of transaction and expand overseas markets, take advantage of the tax policy with many incentives and protect the value of the family enterprise's assets.
Private Trust Advisory
The development of the economy with many modern financial instruments has brought many advantages and opportunities for the enterprises, but there are still certain potential risks in any type of business. So how to protect your asset value with an appropriate company structure while stay compliance with relevant regulations?

Japan Desk

日系企業の海外事業展開を支援するため、Grant...

See Overview

Korea Desk

Our Korea desk in Vietnam has been established since 2019 to serve the Korean clients.

See Overview

China Desk

Growing a business beyond your country’s borders requires extensive research, planning, reparation and good execution.

See Overview

Careers

With our unique culture and opportunities, Grant Thornton Vietnam is a place where you can grow. Wherever you are in your career, we help you to make a...

See Overview

The Grant Thornton Difference

At Grant Thornton, talented people are at the heart of our strategy and drive all of our successes in more than 149 countries.

See Overview

Our values
We have six CLEARR values that underpin our culture and are embedded in everything we do.
Learning & development
At Grant Thornton we believe learning and development opportunities help to unlock your potential for growth, allowing you to be at your best every day. And when you are at your best, we are the best at serving our clients
Global talent mobility
One of the biggest attractions of a career with Grant Thornton is the opportunity to work on cross-border projects all over the world.
Diversity
Diversity helps us meet the demands of a changing world. We value the fact that our people come from all walks of life and that this diversity of experience and perspective makes our organisation stronger as a result.

Experienced hires

See Overview

Contact us
Contact us
Available positions
Experienced hires

Fresh Graduates

Fresh graduates

See Overview

Available positions
Available positions

Tax Newsletter

Decree 71 on Corporate Governance

28 Jun 2017

New guideline of Vietnam Government on the corporate governance applicable to public companies

On June 06^th, 2017, Vietnam Government issued Decree No. 71/2017 / ND-CP ("Decree 71") regarding the corporate governance applicable to public companies effective from August 01^st, 2017. Circular No. 121/2012 / TT-BTC dated July 26^th, 2012 issued by the Ministry of Finance stipulated corporate governance applicable to public companies, will be repealed on the effective date of Decree 71.

Please note that Clause 2, Article 12 of Decree 71 stipulates that the Chairman of Board of Directors must not concurrently hold the position of Director (General Director) of the same public company will be effective after 3 years; Clause 3, Article 12 of Decree 71 states that Members of the Board of Directors of a public company must not concurrently be a member of the Board of Directors of more than 5 other companies will take effect after 02 years from the effective date of this Decree.

Grant Thornton Vietnam summarizes some important points for your reference as follows:

1. Internal policy on corporate governance

The Board of Directors (“BOD”) of the public company formulates the internal policy on corporate governance and gets the approval of the General Assembly of Shareholders.
According to Decree, the Ministry of Finance will guide the template of internal policy on corporate governance for public companies to refer when formulating their policy.

2. Rights and obligations of shareholders

The right of full access to periodical and extraordinary information announced by the company as regulated.

In case the decision of the General Assembly of Shareholders breaches the law or the company charter, or the decision of BOD is passed contrary to provisions of law or the company charter causing loss to the company, the shareholders have the right to request cancellation or suspension of such decision in accordance with the provisions of the Law on Enterprise.

Major shareholders are obliged to disclose information, must not exploit their advantage, adversely affecting on the rights and interests of the company and of other shareholders as prescribed by law and the charter of the company.

3. Board of Directors

The number of members of BOD of a public company shall be from three (03) to eleven (11). The structure of BOD must ensure a balance as between members having knowledge about and experience in law, finance, and business line of the company and consider gender factors.
Members of BOD need not be the company’s shareholders.
The Chairman of BOD must not concurrently be Director (General Director) of the same public company.
Member of BOD of a public company must not concurrently be a member of BOD of more than five (05) other companies.
At least 1/3 of the total number of BOD members must be non-executive members.
Independent members of BOD:
- Unlisted public company operates under the model prescribed at Point b, Clause 1, Article 134 of the Law on Enterprises, is required to ensure at least 1/5 of BOD members is independent members. In case the members of BOD of public company is less than five (05), the company must ensure that at least one member of BOD is independent member.
- BOD of listed company must ensure 1/3 of BOD members is independent member.
BOD members could be subject to liability insurance provided by the company after the approval of General Assembly of Shareholders. This insurance does not cover the liabilities of any members of BOD for a breach of law or the company charter.

4. Person in charge of corporate governance

BOD of a listed company must appoint at least one person to perform the duties of the person in charge of corporate governance.
Person in charge of corporate governance may concurrently hold the position of Company Secretary and be recruited by the Chairman of BOD to assist BOD and the Chairman of BOD to fulfill the obligations as regulated under the law and the company charter.
Person in charge of corporate governance must be a person with knowledge of law and must not concurrently works for an independent audit firm which audits the company's financial statements.

5. Inspection committee and inspector

Inspectors must satisfy the criteria and condition stipulated in the Law on enterprises, the company charter and do not subject to the following cases:
- Work for the accounting/ finance departments of and finance of the company;
- Being a member or employee of an independent auditing firm who audited the financial statements of the company in previous three consecutive years.
Inspectors of a listed company or of a public company in which the States holds about 50% charter capital must be auditors or accountants.
The head of inspection committee must be a professional accountant or auditor and must work full time at the company.
Inspection committee is required to conduct meeting at least twice a year and has right to request members of BOD, Director (General Director) and representative of independent audit firm to attend the meeting and reply to issues which concern the inspectors.

6. Prevention of interest conflict

A member of BOD is not allowed to vote for the transaction which benefits such member or his/ her related persons in accordance with the Law on enterprises and the company charter.
Public company must apply necessary methods to prevent related persons from interfering in the company’s activities and causing loss to the interests of the company by controlling transaction, trading, and prices of goods and services of the company.
Public company must apply necessary measures to prevent shareholders and related persons from conducting any transaction causing a loss of capital, of assets, or of other resources of the company.
Public company is not allowed to provide loans or guarantees to individual shareholders and their related persons being individuals, except for some cases stipulated on Decree 71.

7. Disclosure of income information of Director (General Director)

Salary of Director (General Director) and other management members are required to be separately stated on annual financial statements of the company and reported to the General Assembly of Shareholders at the annual meeting.

Nearly 25 years of operation in Vietnam, Grant Thornton Vietnam provides professional consultant services, corporate governance compliance review. Our experts are willing to discuss details with you regarding this issue.