Why You Should Hire Offshore Accountants in Vietnam: Costs and Best Practices

In today’s globalized economy, businesses are increasingly seeking efficient and cost-effective solutions to manage their financial operations. One such strategy gaining traction is hiring offshore accountants. Vietnam, in particular, has emerged as a prime destination for offshore accounting services. This article delves into the reasons why you should consider hiring offshore accountants in Vietnam in 2025, the associated costs, and best practices to ensure a successful partnership.

Read more: Why You Should Consider Vietnam for Software Outsourcing

Why Vietnam is Rising as the Best Destination to Hire Offshore Accountants?​

Vietnam has rapidly emerged as a premier destination for offshore accounting services, offering a unique blend of cost efficiency, skilled talent, and a supportive business environment. Here’s an in-depth look at why Vietnam stands out in 2025:​

1. Cost-Effective Solutions

One of the primary drivers for outsourcing accounting functions to Vietnam is the significant cost savings. Businesses can expect to reduce their accounting expenses by up to 70% compared to hiring in-house staff in Western countries. This is achieved without compromising on the quality of work, making it an attractive option for companies aiming to optimize their operational costs.​

2. Skilled and Educated Workforce

Vietnam boasts a large pool of accounting professionals who are well-versed in international accounting standards such as IFRS and US GAAP. Many Vietnamese accountants hold certifications from globally recognized institutions, ensuring they meet the high standards required by international clients. This expertise enables them to handle complex financial tasks with precision and reliability.​

3. Technological Proficiency

Vietnamese accounting professionals are adept at using advanced accounting software and tools, including QuickBooks, Xero, SAP, and Oracle. Their technological proficiency ensures efficient and accurate financial reporting, streamlining processes for businesses and enhancing overall productivity.​

4. Favorable Business Environment

The Vietnamese government has implemented policies to foster a conducive environment for outsourcing and business process operations. These initiatives include tax incentives, simplified regulatory procedures, and investments in infrastructure, all of which contribute to a stable and supportive setting for offshore accounting services.​

5. Strategic Time Zone Advantage

Vietnam’s time zone offers a strategic advantage for businesses in Western countries. The time difference allows for a “follow-the-sun” workflow, where tasks assigned at the end of the Western workday can be completed by the Vietnamese team during their working hours. This leads to faster turnaround times and increased efficiency.​

6. Growing Market and Industry Recognition

The accounting and legal services industry in Vietnam is experiencing robust growth, with revenues projected to reach approximately $979.6 million by 2024. This growth reflects the increasing demand for professional services and the country’s rising prominence as a hub for offshore accounting.​

7. Cultural Compatibility and Communication Skills

Vietnamese professionals are known for their strong work ethic, adaptability, and commitment to quality. Additionally, many possess proficient English language skills, facilitating clear and effective communication with international clients. This cultural compatibility ensures smooth collaboration and alignment with business objectives.​

8. Focus on Core Business Functions

By outsourcing accounting tasks to Vietnam, businesses can redirect their focus toward core activities such as business development, customer acquisition, and strategic planning. This reallocation of resources allows companies to drive growth and innovation while ensuring their financial operations are managed by competent professionals.​

Cost of Hiring Offshore Accountants in Vietnam (2025 Estimates)

One of the biggest advantages of hiring offshore accountants in Vietnam is the significant cost savings without compromising quality. In 2025, Vietnam continues to offer competitive pricing for a wide range of accounting roles, including tax specialists, bookkeepers, and financial analysts.

1. Entry-Level Bookkeeper

• Hourly Rate: $5 – $8

• Monthly Full-Time Equivalent (FTE): $800 – $1,200

• Scope: Data entry, bank reconciliation, journal entries, basic Excel reports.

2. Mid-Level Accountant (2–5 years of experience)

• Hourly Rate: $10 – $14

• Monthly FTE: $1,500 – $2,200

• Scope: AP/AR, payroll, expense tracking, month-end close, basic tax preparation.

3. Senior Accountant or Team Leader

• Hourly Rate: $15 – $20

• Monthly FTE: $2,500 – $3,200

• Scope: Financial statements, internal controls, tax filing support, team management.

4. Tax Accountant (US, UK, AU, or International Tax Knowledge)

• Hourly Rate: $18 – $28

• Monthly FTE: $3,000 – $4,500

• Scope:

  • U.S. Federal & State tax return preparation (Form 1040, 1120, etc.)

  • Corporate tax compliance (VAT, GST, CIT)

  • Transfer pricing documentation

  • Year-end tax adjustments and audit support

  • Tax advisory for small businesses and startups

Note: Tax accountants with U.S. tax knowledge (such as IRS-certified EAs or those trained in Form 1120/1065 filings) typically command a premium rate.

5. Virtual CFO Services (Strategic Financial Oversight)

• Part-time Retainer: $1,000 – $2,500/month

• Scope: Budgeting, forecasting, cash flow management, investor reporting, financial strategy.

Cost Comparison: Vietnam vs. USA (Monthly Full-Time Equivalent)

These cost estimates reflect services delivered by offshore professionals working remotely but dedicated to your business. Most providers offer flexible engagement models:

• Hourly billing for project-based tasks

• Dedicated full-time or part-time staff

• Managed accounting teams (bundled services)

Tip: While costs are lower, make sure your provider also ensures quality assurance, data security, and proper documentation, especially for tax-related tasks.

Best Practices for Hiring Offshore Accountants in Vietnam

To ensure a successful outsourcing experience, consider the following best practices:

1. Define Clear Objectives: Establish specific goals and expectations for your offshore accounting team.​

2. Choose the Right Partner: Select a reputable outsourcing firm with a proven track record and positive client testimonials.​

3. Ensure Compliance: Verify that the offshore team adheres to international accounting standards and local regulations.​

4. Implement Robust Communication Channels: Utilize reliable communication tools to facilitate seamless interaction between your in-house and offshore teams.​

5. Protect Data Security: Establish stringent data protection protocols to safeguard sensitive financial information.

How to Choose the Right Offshore Accounting Partner in Vietnam

Finding the right offshore accounting firm is crucial to achieving successful outcomes. Here are the key factors you should evaluate:

1. Experience and Specialization: Choose a firm with proven experience in your industry or market (e.g., US GAAP, Australian Taxation, UK VAT). Ask for case studies or testimonials to validate their track record.
2. Qualifications and Certifications: Ensure their accountants hold relevant qualifications (e.g., ACCA, CPA, ICAEW) and are familiar with international standards such as IFRS and GAAP.
3. Technology and Tools: Ask about the accounting software they use. Are they certified partners with platforms like QuickBooks, Xero, or SAP? This ensures compatibility and smoother collaboration.
4. English Proficiency and Communication: Effective communication is critical. Test their English proficiency and assess their responsiveness during initial discussions.
5. Data Security and Compliance: Your financial data is sensitive. Check if the firm follows data protection policies (e.g., ISO 27001, GDPR compliance). Ask how they store and transmit your data securely.
6. Scalability and Flexibility: Choose a partner who can scale as your business grows—whether you need one accountant now or an entire offshore finance team later.
7. Trial Projects and Pilot Periods: Opt for a short-term pilot project to assess service quality, communication, and workflows before signing a long-term contract.
8. Transparent Pricing and Contracts: Avoid hidden fees. Ask for detailed cost structures and service level agreements (SLAs). Ensure you retain data ownership and can exit contracts with clear notice periods.

Pro Tip: Consider working with firms like Bestarion that provide dedicated accounting professionals, follow US tax and accounting standards, and offer flexible engagement models (hourly, part-time, dedicated team).

Top Offshore Accounting Companies in Vietnam (2025)

Vietnam has become an increasingly popular destination for outsourcing accounting services due to its highly skilled workforce, competitive pricing, and excellent service quality. As the outsourcing market grows, many accounting firms in Vietnam specialize in providing a wide range of offshore accounting services to businesses around the world.

In 2025, the following offshore accounting companies in Vietnam stand out for their expertise, experience, and ability to cater to various industries. These companies are trusted by clients globally to manage their accounting functions efficiently and securely.

1. Bestarion

Bestarion is one of Vietnam’s leading offshore accounting firms, offering comprehensive accounting outsourcing services. With a focus on small to medium-sized businesses, Bestarion provides expert services ranging from basic bookkeeping to complex tax compliance and virtual CFO services.

Key Services:

• Bookkeeping and financial statement preparation

• Tax accounting and compliance (U.S., Vietnam, and international)

• Payroll outsourcing

• VAT, GST, and other indirect tax filings

Why Choose Bestarion?

Bestarion stands out for its team of highly skilled accountants and tax professionals with deep expertise in U.S. and international tax laws. Their commitment to data security, along with their use of cutting-edge accounting software, makes them a trusted partner for businesses looking to outsource their accounting operations to Vietnam.

• Cost-effective accounting support

• Bilingual communication (English-Vietnamese)

• Customizable solutions for startups, SMEs, and enterprises

• Expertise in US tax, payroll, and financial compliance

• Secure, cloud-based workflows using QuickBooks, Xero, Zoho, etc.

2. KPMG Vietnam

KPMG is a well-known global leader in audit, tax, and advisory services, with a strong presence in Vietnam. The company has been providing high-quality accounting outsourcing services to international and local businesses for years. KPMG’s Vietnam office specializes in accounting, audit, tax compliance, and business advisory.

Key Services:

• Tax compliance and advisory

• Financial statement audits

• Payroll services

• VAT/GST registration and returns

• Business consulting and strategic financial advisory

Why Choose KPMG Vietnam?

KPMG is renowned for its industry expertise, international experience, and commitment to delivering high-quality solutions. Businesses seeking a reliable and reputable partner for offshore accounting often choose KPMG due to its global network and top-tier service delivery.

3. Mazars Vietnam

Mazars is another global leader in audit, accounting, and tax services, with a strong foothold in Vietnam. Mazars provides offshore accounting solutions to businesses across various industries, including manufacturing, retail, finance, and more. They are known for their personalized approach and deep understanding of local and international tax regulations.

Key Services:

• Accounting and bookkeeping services

• Tax advisory and compliance

• Payroll outsourcing

• Business advisory and strategic planning

• Audit and assurance services

Why Choose Mazars Vietnam?

Mazars offers a full range of accounting outsourcing services with a focus on quality and professionalism. Their dedicated teams are highly skilled in both local and international tax regulations, making them an excellent choice for businesses seeking specialized accounting support.

4. VinaAccounting

VinaAccounting is a Vietnam-based accounting outsourcing firm that offers services to both local and international clients. The company provides a wide range of accounting solutions, from bookkeeping and financial reporting to tax consulting and payroll outsourcing. VinaAccounting focuses on delivering value to clients by streamlining their financial processes.

Key Services:

• Full-service bookkeeping

• Payroll outsourcing

• Tax advisory and planning

• Financial reporting and analysis

• Business setup and advisory services

Why Choose VinaAccounting?

VinaAccounting is known for its affordable pricing and exceptional customer service. Their team of certified accountants and tax professionals ensures accurate, timely, and efficient services tailored to the needs of each client.

5. RSM Vietnam

RSM is a global network of independent audit and consulting firms with offices across Vietnam. Their accounting outsourcing services cater to businesses of all sizes, from startups to large corporations. RSM Vietnam is known for offering industry-specific solutions and a strong focus on tax compliance and audit services.

Key Services:

• Bookkeeping and financial reporting

• Corporate tax planning and compliance

• Payroll and HR outsourcing

• Audit and assurance services

• Business advisory and risk management

Why Choose RSM Vietnam?

RSM Vietnam is part of a global network, which allows them to deliver top-tier accounting services with a local touch. Their expertise in both local and international accounting standards makes them a trusted partner for businesses looking for reliable and accurate financial solutions.

6. VITAS Vietnam

VITAS Vietnam specializes in providing offshore accounting, bookkeeping, and tax services to international clients. With a strong emphasis on quality, VITAS has been helping companies streamline their accounting functions while maintaining strict compliance with local regulations.

Key Services:

• Bookkeeping and financial statement preparation

• Tax advisory and filing

• Payroll and human resources services

• Corporate compliance services

• Financial planning and reporting

Why Choose VITAS Vietnam?

VITAS Vietnam offers highly personalized accounting outsourcing services at competitive rates. Their team is well-versed in both international and local tax laws, ensuring clients receive comprehensive financial solutions tailored to their needs.

7. AASC Vietnam

AASC (Auditing and Accounting Services Co., Ltd.) is a leading accounting outsourcing firm in Vietnam that provides a broad range of financial services to local and international clients. Their services include accounting, auditing, tax planning, and payroll outsourcing.

Key Services:

• Bookkeeping and financial reporting

• Tax compliance and consulting

• Payroll outsourcing

• Audit and assurance services

• Business advisory services

Why Choose AASC Vietnam?

AASC Vietnam has a strong reputation for delivering accurate and reliable accounting services. Their team of certified professionals ensures high-quality results while helping clients comply with local regulations.

8. Deloitte Vietnam

Deloitte is one of the “Big Four” accounting firms globally, with a significant presence in Vietnam. Deloitte Vietnam offers comprehensive accounting outsourcing services that include tax consulting, payroll outsourcing, auditing, and more.

Key Services:

• Tax planning and compliance

• Bookkeeping and financial reporting

• Audit and assurance services

• Payroll outsourcing

• Risk management and advisory services

Why Choose Deloitte Vietnam?

Deloitte’s reputation as a global leader in accounting and advisory services makes it an ideal choice for businesses that require a high level of expertise and global experience. With deep knowledge of both local and international regulations, Deloitte ensures compliance and strategic financial solutions for its clients.

9. Grant Thornton Vietnam

Grant Thornton Vietnam provides full-service accounting outsourcing services, including bookkeeping, auditing, tax compliance, and advisory services. The company serves clients across a variety of industries, from small startups to large corporations.

Key Services:

• Bookkeeping and financial reporting

• Tax consulting and compliance

• Payroll outsourcing

• Business risk management

• Audit and assurance services

Why Choose Grant Thornton Vietnam?

Grant Thornton is a well-established name in the accounting and consulting industry. Their services are tailored to meet the needs of each client, and their deep understanding of both local and international accounting standards makes them a reliable partner for offshore accounting services.

10. BDO Vietnam

BDO Vietnam is a part of the global BDO network, offering accounting, tax, and advisory services. With years of experience in offshore accounting outsourcing, BDO provides businesses with high-quality solutions that are both cost-effective and compliant with local and international standards.

Key Services:

• Bookkeeping and financial reporting

• Tax planning and compliance

• Payroll outsourcing

• Audit and assurance services

• Business consulting

Why Choose BDO Vietnam?

BDO offers a highly professional and personalized approach to accounting outsourcing. Their team of experts provides businesses with comprehensive solutions, including tax planning and compliance, making BDO a trusted partner for clients looking for reliable offshore accounting services.

Read more: Top Accounting Outsourcing Companies in Ho Chi Minh City (2025 Update)

Conclusion

Hiring offshore accountants in Vietnam presents a strategic opportunity for businesses seeking to optimize their financial operations. With a skilled workforce, cost-effective solutions, and a supportive business environment, Vietnam stands out as a premier destination for accounting outsourcing. By adhering to best practices and partnering with a reliable service provider like Bestarion, you can achieve significant cost savings, enhance operational efficiency, and position your business for sustained growth in 2025 and beyond.

For more information about our offshore accounting services, please visit our website or contact us directly to discuss how we can support your business needs.