Services (11)


Implementing the policies of the Communist Party and the State on cost-effective practices and waste prevention in construction investment, since 1993, AASC has employed and trained our staff and auditors with good ethics, professional experience and expertise, including more than 60 architectures, construction engineers, transportation engineers, etc.

Annually, AASC has implemented and completed many audit contracts of project settlement report, comprising of many complex projects such as North-South 500KW power transmission line, Hoa Binh hydropower plant, Dau Tieng irrigation work, Tri An hydropower plant, Song Hinh hydropower plant, Lao Cai Apatite work, etc. We also carried out the audit of many critically important projects of the Communist Party, the National Assembly, the Government, Ministry of Defence, Ministry of Finance such as Meeting room of the Political Bureau, the Secretariat, the Executive Committee, Government Buildings at 37 Hung Vuong street and at 5 Le Duan street, National Conference Center, Power upgrade project at Ho Chi Minh Mausoleum, Memorial of heroic martyrs, Funeral Home of Ministry of Defence.

The audit of project settlement report carried out by AASC have helped investment owners to eliminate unreasonable expenses, save thousands of billion VND of the State budget and the investment owners. Especially, we have contributed to facilitating the timely settlement and approval of investment capital settlement, helping clients to strengthen their accounting and internal control system.

Project settlement report audited by AASC has been approved and highly appreciated by Office of the Party Central Committee, Government Office, Ministry of Finance, Ministry of Defence, Economic Groups, State-owned enterprise and other competent authorities.


Financial Statement Audit is one of the key factors creating AASC brand value and is one of our strength as well. This activity has achieved continuous improvement in both quantity and quality. Currently, in the field of financial statement audit, AASC has more than 250 experts with extensive experience in finance, accounting, auditing, credit and tax, etc. Annually, our auditors have conducted many financial statement audit engagement for companies and projects funded by international organizations. Most of our clients are state-owned enterprises, economic groups, giant corporations, foreign investment companies, commercial banks, government and public organizations and other companies across the nation.

With audit services, AASC has helped our clients to solve their problems and strengthen their accounting and internal control system in order to improve the quality of financial management and business administration.

Pursuant to the Law on Accounting dated November 20, 2015, on January 22, 2019, the Government issued Decree No. 05/2019/ND-CP on internal audit. According to this Decree, internal audit is a compulsory activity for many types of economic entities, including: Ministries, ministerial-level agencies, Governmental agencies, People's Committees provinces, centrally-run cities and units under the above-mentioned agencies; public non-business units (with conditions); listed companies and other enterprises.
The above Decree has created a solid foundation for the consolidation and development of management and governance of economic organizations, units and enterprises that have great influence on the entire Vietnamese economy. . Clause 3, Article 10 and Clause 2, Article 24 of Decree 05/2019/ND-CP have allowed enterprises to be hired by independent auditors to perform internal audit services.
After more than 30 years of auditing, financial consulting, accounting, tax and valuation activities, in order to stand side by side with businesses that need support on internal audit activities, AASC has come up with synchronous solutions. on services related to modern internal audit activities, ensuring compliance with Vietnamese regulations and international practices.

Services related to AASC's internal audit activities include:
- Consulting services related to internal audit
- Internal audit implementation service
- Service of providing human resources for internal audit

Consulting services related to internal audit
- Consulting on building internal audit regulations and processes
- Consultancy on organization of modern internal audit apparatus
- In-depth training consultancy on internal audit
- Consulting to evaluate the quality of internal audit activities
- Other consulting services on internal audit at the request of customers.

Internal audit services:
Internal audit service is deployed by AASC through the following methods:
- Implement the internal audit package
- Co-implementing internal audit
AASC's internal audit services include:
- Performing audits to evaluate the performance of each topic and comprehensively.
- Carry out thematic and comprehensive compliance audit.
- Comprehensive internal audit.
- Other internal audit services at the request of customers.

Internal audit human resource supply service
- Provide highly qualified and experienced human resources to directly perform internal audit work under the management of the enterprise.
- Provide human resources with high professional qualifications and profound management experience to create and perfect the internal audit apparatus.
Other services on supplying high-quality human resources


With more than 30 years of operation, growth and development, AASC Auditing Firm is a pioneer audit unit recognized and highly appreciated by the Ministry of Finance for the quality of valuation consulting services in Vietnam.
AASC's appraiser team was granted the first keyword Valuation Valuation Card in 2005 and has been supplemented over the years, so far, it has always maintained over 30 Valuation Valuations.
This team, in addition to extensive expertise in valuation, is also an Auditor, Tax Consultant, and a construction investment technician with extensive experience, pure professional ethics and bravery in the field of construction. The fields of finance, accounting, tax, and project settlement have been completed through the practice of AASC and the Appraisal Industry.
AASC provides appraisal services including:
- Appraisal of enterprise value, especially large-scale enterprises that are economic groups, corporations..., spread out and diversify production, business and service activities.- Valuation of large-scale real estate projects.
- Valuation of construction investment projects
- Valuation of intangible assets, specific assets such as exploitation rights, brand value, value of benefits in business cooperation, etc.
- Valuation of assets being construction works, machinery and equipment, motor vehicles, etc.
Meeting a variety of valuation purposes of customers such as transfer of capital contribution in the enterprise, merger and consolidation of enterprises; as collateral in transactions with credit institutions; property purchase and sale; joint venture, …
Known and trusted AASC customers include:
- State-owned economic groups and corporations: Vietnam Oil and Gas Group, Vietnam Electricity, Vietnam Posts and Telecommunications Group, Vietnam Rubber Industry Group, and Chemical Group Vietnam, State Capital Investment Corporation, Vietnam Post Corporation, Vietnam Airport Corporation, PetroVietnam Chemicals and Services Corporation, Corporation 36 - Defense Department, Petrol Corporation, Coastal Corporation - Defense Department, Viglacera Corporation,....
- Non-state economic groups: Sungroup, Vingroup, BRG, Sovico, Sunshine, Hai Phat, Tan Hoang Minh, ...
- Domestic enterprises and foreign enterprises investing in Vietnam, ...
- Partners of commercial banks: Viettinbank, BIDV, Agibank, MB, Vietcombank, HDBank, ...

 General description

Tax is one of the mots concerns of enterprises in business decision-making. Nowadays, with the orientation of self-responsibility in compliance with tax policies and laws promulgated by tax authorities and the Vietnamese government, enterprises pay too much attentions on tax compliance and make a plan to reach an optimal tax cost during their operation.

Our AASC service advantages

With 30 years of experience in providing services to thousands of clients operating in many different sectors of the economy in addition to our team of experienced and knowledgeable experts on prevailing regulations and laws, we can provide professional advices / solutions to harmonize tax issues in the broad business picture to support clients to achieve their above-mentioned goals.

Beside general experience, some specific fields such as real estate and cars are also our expertise thanks to many years providing services of VAT refund, import tax refund, tax planning and consulting for car manufacturing, and for lots of prestige clients such as Vinaconex, HUD, T&T group, Vinfast… We can also support clients in application procedures for tax exemption under double taxation agreements to significantly save the foreign contractor tax payable in Vietnam.

Our business advantage is enhanced by our ability to form interdisciplinary expert groups based on AASC resources and the HLB global network not only in taxation but also in accounting and consulting. We also maintain a regular and constructive dialogues with tax authorities, concurrently participate as a standing committee member in the Vietnam Tax Consulting Association (VTCA) to timely catch up with emerging tax issues and the most common concerns of the business community.

AASC’s tax services

1. Business tax service

In the context of increasing current regulations and laws on penalties for non-compliance of tax, the timely identification of impact and compliance from the beginning will help enterprises effectively manage tax risks at optimal cost.

Our business tax services include:

• Market penetration service: we support foreign enterprises planning to do business in Vietnam or domestic companies that want to expand their business. Our market penetration consulting team can assist with strategy, market penetration analysis, tax and legal structure or provide appraisal service for deals.

• Tax review service: check compliance with all types of VAT, PIT, CIT, contractor tax, special consumption tax...; risk alerts and plans to reduce future tax risks; assist businesses during the tax audit/inspection;

• Support service for tax inspection and dispute resolution: after tax review service, we will point out risks that tax inspectors may aim to, consult the documentation, add documents, concurrently prepare contention, support businesses in explaining directly to tax authorities during the inspection process, review the results after the tax audit, inspection period and tax dispute resolution services to the highest tax authority.

• VAT refund service: including preparation of documents and procedures, and assistance in answering questions, explaining to tax authorities during the VAT refund process. The implementation of VAT refund according to new investment projects and export production.

• Import and export tax refund services by sector, customs finalization reports preparation: We will support enterprises to prepare customs finalization reports, import and export tax refund, especially in specific areas such as import tax refund for the automobile manufacturing industry, supporting industries (including import tax refund under Decree 57/2020/ND-CP and Decree 125/2017/ND-CP), to consult on the application of trade agreement, on determination of domestic components that haven’t been produced yet, on customs value when refunding import and export tax...

• Contractor tax services and contractor tax refund under double taxation agreement: we will support enterprises to assess, calculate contractor tax for payments to foreign suppliers, review the possibility of contractor tax exemptions application and instruct clients on the procedures for applying for tax exemption and refund to save tax for clients.

• Tax planning and consulting services: consult tax impacts on making business decisions, enterprise purchase/sale, merger or restructuring decisions, strategic planning of business, transnational or domestic decisions.

• Fast and regular tax advisory service: provide rapid and regular advice about tax matters which enterprises are interested in, confirm their understanding or merely check uneasy problems. Quickly update information of tax law changes for businesses.

2. Personal income tax (PIT) service

AASC will provide PIT services for business and individuals, including:

• PIT declaration and PIT finalization service: cooperate with clients to collect relevant documents, evaluate taxable and non-taxable income and prepare provisional returns, PIT finalization returns.

We can also support clients with related services during this process, including immigration services such as assisting clients with required visas, work and residence permits, as well as identifying applicable visa categories, giving advice on immigration matters and processes; and assisting in reviewing and registering social insurance procedures, planning to optimize insurance cost.

• Payroll service: coordinate with clients to collect relevant documents, provide personnel for the salary calculation and ensure the salary calculation to comply with current regulations.

• Support service for tax review and tax audit, inspection: assess and review the compliance with PIT and SHUI before any tax audit and inspection. Provide advice on how to minimize potential risk issues and determine the level of risk in case of tax audit and inspection. Review, assess and provide professional support throughout and after the tax audit and inspection process, consult and respond to problems raised and work closely with clients to come up with the most suitable strategy.

3. Tax services for business mergers and acquisitions

In today’s market economy, mergers and acquisitions are a regular activity which usually happen. However, these transactions need to be carefully considered in terms of taxation, especially cross-border transactions in order to make a judicious decision on the target object and the negotiated price.

As a result of a member of the global HLB network, AASC can access/coordinate tax among network members, and join the "Mergers and Acquisitions Group of HLB", thus our clients have access to professionals who understand the way in which taxes affect transactions around the world. Our team of experts have a commercial mindset, they know how to identify and advise on actual tax risks in a transaction, and how to build deal structures in order to address tax impacts better.

Tax services group in business mergers and acquisitions include the following services:

- Review tax in particularly, tax assessment for purchase and sale of business
- Structure commercial affairs or arrange business in the direction of optimizing the tax impact
- Tax modeling
- Suppliers support
- Integration after commercial affairs

Contact us

For more information about our services or if you would like our experts to contact you, please do not hesitate to call us via the address:

Mr. Do Manh Cuong MBA CIMA FCCA FCPA Aust. FCPA Vietnam
This email address is being protected from spambots. You need JavaScript enabled to view it.
(84) 903 256 280

 Transfer pricing is considered the most important international tax issue facing business operations of companies operating across borders. However, the laws surrounding transfer pricing are becoming ever-more complex and today, and tax affairs of multinational companies are facing scrutiny from media and the public.

In Vietnam, Decree No. 20/2017/ND-CP dated 24 February 2017 has been issued to regulate and to provide guidelines on preparation of declaration forms and documents for determination of associated transaction prices. These regulations and guidelines are one of the most disputable arenas of tax, which require a substantial technique and information to comply with. Our transfer pricing experts will work with you, together with HLB International’s support, to develop a transfer pricing strategy suited to your multinational company.

How we can help

Our Transfer Pricing experts will help you create strategic advantage by using transfer pricing as a core management tool and deal with various issues of tax, so that you can focus on your business objectives.Our services typically include but are not limited to:

-  Clarifying the transaction to be analysed and confirming that their structure and risk allocations serve your firm’s business objectives.
-   Preparing functional profit and loss statements for all legal entities involved in the transaction being analysed.
-   Analysing potential transfer pricing methods to determine which are best for your company’s circumstances.
-   Conducting a thorough comparables search both internally and externally
-   Reviewing pricing methodologies to select the best method and developing support for the chosen methodology.
-   Devising appropriate documents to comply with tax authorities’ requirements
-   Evaluating whether any additional work is needed to defend the transfer pricing methods used, and to develop a sound system of accounting documents.

Mr. Do Manh Cuong MBA CIMA FCCA CPA Aust. FCPA Vietnam
Deputy General Director

Auditing and assurance services are one of our main service areas. With more than 2000 customers of all types of businesses in different industries, we have accumulated a lot of practical experience, always ready to serve all customers with the best quality of service. In addition to the traditional financial statement audit, most organisations experience needs for independent, objective assurance on financial information, transactions and processes. Independent assurance and verification adds credibility to an organisation’s disclosures and reporting, particularly when it is not a statutory requirement. We offers a range of audit related services. 

  • Completion Audits: Provides assurance around specific financial measures of an entity being bought or sold.
  • Report on Internal Controls: Consists of reasonable or limited assurance engagements to provide an independent conclusion on internal controls conducted at a client’s request.
  • Review Report: Expresses a moderate assurance conclusion on financial information where a full scope audit is not required.
  • Agreed Upon Procedures: Performs procedures agreed between an entity and a third party to produce factual findings about financial information or operational processes.
  • Compliance Audit: Provides assurance on an entity’s compliance with legal or contractual obligation e.g. loan covenants, donor’s funding conditions.
  • Audit of Prospective Financial Information: Covers the potential consequences of possible future events and actions. It is future oriented and therefore speculative.

We seek to build and preserve the trust, respect and confidence of our clients by providing clear, relevant and timely advice.


  • Investment Advisory Services (IAS)
    - Consulting and support of investment promotion in Vietnam
    - Market research (or as clients’ orders)

  • Project Management Services (PMS)

  • - Appraisal and evaluation of capacity to implement and manage projects funded by foreign donors
    - Project management and/or project's operation consulting
    - Monitoring and/or Evaluation of project’s objectives (M&E)
    - Planning, study and preparation of project's feasibility report
    - Establishment of a set of ratios to evaluate projects’ operating results
    - Design of project management procedure
    - Training and organization of conferences on project - related issues

  • Financial/Accounting Services (FAS)
    - Review and consulting on financial / accounting issues
    - Development of accounting and finance procedures and manuals
    - Consulting on financial model, re-structuring and management (i.e.: cash flows, budget, etc.)
    - Consulting on merger and acquisition and financial model restructuring

  • Risk management services (RMS)
    - Review and consulting on business risk management models
    - Review of internal control system and consulting on improving internal control system
    - Business and investment risk valuation and consulting
    - Other risk management services

  • Business Consulting Services (BCS)
    - Review and positioning of a company in their operating markets
    - Consulting on business and management models
    - Identification of competitive advantages; development of value chain and consulting on establishing long-term strategies

  • Training services (TNS)///


2021 06 26 dichvutuvancophanhoa

Implementing the policy of the Communist Party and the State on privatization of the State-owned enterprises into the Joint Stock Companies, since 2003, AASC has made a great development in the provision of business valuation and equitization consulting services. AASC has provided these services for numerous corporations under the Ministry of Industry and Trade, the Ministry of Construction, the Ministry of Planning and Investment, the Ministry of Agriculture and Rural Development, the Ministry of Transport, and Hanoi People’s Committee, People’s Committee of Ho Chi Minh City, Hai Duong, Quang Ninh, Lang Son, Tien Giang, Ca Mau provinces, subsidiaries of Vietnam Southern Food Corporation, Vietnam Construction and Import - Export Corporation – VINACONEX, Vietnam Electricity Group, Vietnam National Shipping Lines, Vietnam Airlines Corporation, Vietnam Machinery Installation Corporation - Lilama, Vietnam Cement Corporation, Viglacera Corporation,  etc. AASC's services has always been trusted by clients nationwide. After the completion of business valuation services, most companies have requested AASC for further consulting services to fasten the equitization progress, consulting services on business valuation in phase 2 for the hand over between State-owned enterprise and joint stock Company and Financial Statement Audit for joint stock companies after equitization process. In the coming years, for further integration and development, AASC will continuously improve quality services, provide the best business valuation services and consult the most optimal solutions for clients to achieve their equitization objectives.

Asset Valuation

Business Valuation

Accounting and Finance Appraisal.


AASC was initially established as a company specializing in provision of accounting services. AASC’s accounting services have been highly acknowledged and trusted by the Ministry of Finance and numerous clients. This is also one of the fields that AASC has advantages in personnel and experience. AASC provides various accounting services to our clients, including:

- Setting up accounting system and organizing accounting work for newly established companies; developing internal economic information system for business administration.

- Reviewing, analyzing, innovating, and rationalizing existing accounting and financial system.

- Consulting clients about accounting work such as preparing and rotating documents; bookkeeping; identifying cost pools and calculating unit price; reviewing, adjusting accounting data and closing accounting books; preparing financial statements, project settlement reports, etc.

Especially, AASC along with officers of General Department of Taxation and Departments of Tax in Hanoi, Ho Chi Minh City, Hai Phong, Nam Dinh, Hung Yen… help and instruct thousands of private companies & household businesses to open and record accounting books in accordance with the legal regulations. With these activities, AASC has supported Tax authorities and Financial authorities in surveying the operation of business households, which forms the basis for adjusting tax rate and studying tax policies of this economic sector.