Assisting small and medium enterprises (“SMEs”) clients in meeting every corner of regulatory requirements of Vietnam
Assisting SMEs clients in meeting every corner of regulatory requirements of Vietnam
We assist small and medium enterprises (“SMEs”) clients in meeting every corner of regulatory requirements of Vietnam. Our approach is principally designed to focus on helping SMEs stay compliant with the regulatory requirements at the beginning days of their business operations. Such approach can then help SMEs up-scale and transform SMEs’ business models in the future easily.
Why is compliance important to SMEs?
As per recent statistical figures, SMEs account for nearly 98% of total companies in Vietnam and contribute 50% of the country’s GDP and 41% of State Budget.
Every SME is mostly finding it hard to receive financing/ loans from banks as well as to call for foreign investors due to its non-compliance status i.e. unavailability of accounting books, keeping two sets of accounting and tax books at the same time, lacking of capable resources to manage and implement back office compliance works, etc.
Our in-depth advice not only helps SMEs get rid of the above compliance burden but also drive cost efficiencies, better focus on customers/ partners, better enable workforce and faster time to market.
Skillful management of compliance-related issues requires special knowledge. To assist SMEs in dealing with such compliance issues, KPMG Vietnam has a dedicated and specialized Team of professionals who are able to assist SMEs from all sectors with a broad range of accounting, tax compliance, payroll, corporate secretarial and business transformation advisory services. Our professionals come from a variety of backgrounds with well-established credentials, who are able to present the right mix of local and international experience in ensuring that the quality of our services meets the right quality standards.
Our team has extensive hands-on experience in handling various compliance and business transformation projects, and can leverage on its broad regional and global resources and experience. Our team is part of the KPMG Global Network Enterprise practice, which is built upon a broad network of compliance and advisory professionals in all key markets throughout the global.
We also coordinate closely with other key service lines within the KPMG network, such as Transfer Pricing, Corporate Tax, Legal and Advisory. As a result, we are able to offer comprehensive services, and to provide SMEs with an integrated service package to meet SMEs’ needs.
How can we help?