Services | Corvane Advisory

Accounting & financial reporting

gioithieucongty10.mauwebdep.com.vn — Sat, 24 Oct 2026 15:54:35 +0000

Accounting was Corvane's first service when the firm was founded in 2011, and it remains the foundation of every client relationship. Each year our teams process more than 9,000 accounting and tax files for foreign-invested enterprises, large domestic companies and small and medium-sized businesses, all to the same standard: figures that are correct, on time and explainable.

Who the service is for

Foreign-invested enterprises that must report under VAS to local authorities while also reporting under IFRS or parent-company policies, in English, Japanese or Korean.
Small and medium-sized businesses that do not yet want a full in-house finance function, or need back-up capacity when internal staffing changes.
Groups and retail chains with several legal entities and many outlets that need consolidation and regular intercompany reconciliation.

Scope of work

Bookkeeping, posting and electronic document archiving, with input invoices checked against the new e-invoicing rules.
Monthly close, with reconciliation of receivables, payables, bank, inventory and fixed assets.
Annual VAS financial statements, IFRS conversion or parallel IFRS reporting, and audit support packs for the independent auditor.
Payroll accounting, social insurance and personal income tax for workforces of up to several thousand employees.
Management reporting in the format required by your board or parent: revenue by channel, margin by product and a rolling 13-week cash flow.

How we work

Every client has a dedicated team: an engagement accountant, a team leader holding a Vietnamese CPA or ACCA qualification, and a Partner with final responsibility. In the first week we review the chart of accounts, document flow and opening balances, then agree in writing the closing calendar, the document checklist and the contact points on both sides. Documents are submitted and tracked through Corvane Portal, and every adjustment carries a note explaining why, so that clients and auditors can trace it later.

Deliverables and timelines

A monthly management reporting pack delivered before the 7th of the following month, with commentary on any movement above 10%.
Balance reconciliations and an open-items list updated every month.
Annual financial statements and the audit support pack delivered to an agreed schedule, typically two to three weeks ahead of the statutory deadline.

Good books are not books without errors; they are books in which every figure can be traced back to a document and a reason.

Why Corvane

Corvane's accounting, tax and legal teams work on a single client file, so an unusual entry is passed straight to a tax specialist rather than waiting for year-end finalisation. Client data has been managed under an ISO 27001 system since 2019, with access restricted by team and logged. Our people work directly in Vietnamese, English, Japanese and Korean, so reports to the parent company do not need an extra translation step.

Tax advisory

gioithieucongty10.mauwebdep.com.vn — Sat, 24 Oct 2026 15:54:35 +0000

Tax is an area where a small error can lead to years of back taxes and late-payment interest. Corvane's tax team, led by Partner Ly Gia Hung, brings together professionals holding tax agent practising certificates, Vietnamese CPA and ACCA qualifications. We work with businesses from monthly filings through to decisions with significant tax impact, such as restructuring or new investment.

Scope of services

Tax compliance: VAT, provisional corporate income tax, foreign contractor tax and personal income tax filings; annual finalisation and supporting notes.
VAT refunds: eligibility review, preparation of the refund file, reconciliation of payment evidence and liaison with the tax authority during pre- or post-refund inspection.
Transfer pricing: identification of related parties, functional analysis, method selection and documentation under the rules on related-party transactions.
Tax health checks: independent review of the last three to five years, risk rating and, where needed, recommendations for voluntary adjustment.
Tax audit support: preparing documents and explanations and attending meetings with the authorities.
Investment incentives: assessing eligibility and monitoring that conditions continue to be met each year.

How we work

Every piece of advice is set out in writing, stating the facts provided by the client, the basis applied, any alternative interpretations and the level of risk attached to each option. Standard queries receive a written answer within five working days; complex matters follow an agreed timetable. When regulations change, we send each client a short note on the specific impact for their business rather than simply forwarding the news.

Deliverables

A tailored tax calendar for each legal entity, with deadline reminders in Corvane Portal.
Filings, finalisation returns and a complete set of reconciliations on file.
A tax risk review report listing issues by severity, with recommended actions.
Transfer pricing documentation updated annually, bilingual where required.

We do not promise a refund amount or the conclusion of an audit. What we commit to is a complete file, rigorous reasoning and being at the client's side throughout.

Why Corvane

For three consecutive years, 2023 to 2025, not one tax filing for a full-service client was submitted late. That record comes from two-level review, automated deadline tracking and accounting and tax teams working on the same file. Around 40% of our clients are foreign-invested enterprises, so we are used to explaining Vietnamese rules to parent companies in English, Japanese or Korean, briefly and precisely.

Corporate legal

gioithieucongty10.mauwebdep.com.vn — Sat, 24 Oct 2026 15:54:35 +0000

Our corporate legal practice was built from Corvane's first day by co-founder and lawyer Mr. Vu Duc Thanh, on one principle: legal advice must work in the day-to-day running of the business. The team of lawyers and legal specialists works in Vietnamese, English, Japanese and Korean, serving everyone from foreign investors entering Vietnam for the first time to family groups formalising their governance.

Scope of services

Market entry: advice on investment structure, investment licensing and enterprise registration, capital accounts and sector-specific sub-licences.
Corporate governance: charters, internal regulations, minutes and resolutions of members' councils and boards; changes to capital, members and legal representatives.
Commercial contracts: drafting, reviewing and supporting negotiation of sale, distribution, service, lease and technology transfer agreements; bilingual contract templates.
Employment: labour contracts, workplace rules, collective agreements, pay and bonus policies, procedures for foreign employees and properly conducted disciplinary processes.
Ongoing compliance: investment and labour reporting calendars, licence updates and annual compliance checks.

How we work

Before drafting any document, we clarify the business objective, the level of risk the company can accept and who has authority to decide. Legal opinions are concise: the issue, the options, the risks of each and our recommendation. For licensing work, clients receive an indicative timetable for each step and progress updates in Corvane Portal; processing times at government agencies are estimates only and may change.

Deliverables and timelines

Standard commercial contracts reviewed and returned with comments within three working days.
Complete licensing and registration files, with a checklist of documents the client needs to sign.
A corporate legal register: licences, charter, resolutions, key contracts and renewal dates.
An annual legal compliance report with a remediation plan.

A good contract is not the longest one; it is the one both parties read the same way when something goes wrong.

Why Corvane

Corvane's lawyers sit alongside our tax and accounting specialists. When a company increases capital, changes its ownership or signs a service agreement with its parent, the tax consequences and accounting treatment are considered in the same opinion. Client information is protected under our ISO 27001 system and by matter-specific confidentiality arrangements for sensitive work.

Internal control & risk

gioithieucongty10.mauwebdep.com.vn — Sat, 24 Oct 2026 15:54:35 +0000

When a business grows from a handful of outlets to several dozen, or from one factory to three, controls that rely on familiarity and the founder's memory are no longer enough. Corvane's Internal Control and Risk team, led by Ms. Le Phuong Thao, helps companies build control systems that fit their size and risk appetite, rather than copying the model of another group.

Who the service is for

Retail, food and beverage and clinic chains with many cash points and dispersed inventory.
Manufacturers that need control over purchasing, material consumption standards and warehouse movements.
Companies preparing to raise capital or list, or asked by their parent to report on their control environment.
Companies preparing to implement ERP that want processes standardised before they are built into the system.

Scope of work

Current-state assessment: interviews, walkthroughs and sample testing across the sales, purchasing, inventory, treasury, payroll and fixed asset cycles.
Control design: process flowcharts, risk and control matrices, approval authorities and monitoring indicators.
Outsourced internal audit: a risk-based audit plan, periodic fieldwork and reporting directly to the board or supervisory board.
Fraud risk: analysis of unusual transaction data, whistleblowing channels and response procedures.
ERP readiness: cleansing master data, standardising item and customer codes and defining the controls to be configured in the system.

How we work

A typical control design project runs for eight to twelve weeks in three phases: assessment, design and a pilot at one or two units before roll-out. Every proposed control states who performs it, how often, what evidence is kept and its estimated running cost, so management can weigh each one rather than accept a package wholesale. After implementation we test operating effectiveness again at three and six months.

Deliverables

A current-state assessment report with findings ranked by risk.
Procedures, flowcharts and a risk and control matrix approved by management.
Training materials for department heads and front-line staff.
A post-implementation review comparing indicators before and after, such as stock count variances or transactions lacking approval.

A good control is one that store staff understand the reason for, not just the steps of.

Why Corvane

Because Corvane also provides accounting, tax and legal services, the controls we design connect to the company's actual accounting documents, invoicing requirements and employment contracts. On projects we have measured again, stock count variances and exception transactions have typically fallen markedly after six to twelve months, although results always depend on the company's own commitment.

Transactions & M&A

gioithieucongty10.mauwebdep.com.vn — Sat, 24 Oct 2026 15:54:35 +0000

Our Transactions and M&A practice is led by Partner Dinh Quang Vinh, a CFA charterholder. Corvane has taken part in more than 120 due diligence, acquisition, merger and restructuring engagements, most of them in the mid-market, where investors need a team with a deep understanding of the books and day-to-day operations of Vietnamese businesses.

Scope of services

Buy-side due diligence: quality of earnings, working capital, debt and debt-like items, latent tax exposures, licences, key contracts and employment.
Vendor readiness: a review before the data room opens, remediation of fixable issues, information memoranda and financial projections.
Valuation: valuations for negotiations, fundraising, internal transfers or family asset division, with methods and assumptions set out transparently.
Restructuring: reorganising legal entities, mergers, demergers and succession within family groups.
Post-deal support: 100-day plans, integration of accounting systems, tax finalisation and governance alignment.

How we work

Each engagement has a multidisciplinary team of financial specialists, tax advisers and lawyers, coordinated by a Partner. In the first week we agree with the client which issues matter most to the investment decision, so effort is focused on what truly affects price and contract terms. Findings are updated weekly through a short call and a shared tracker; potentially significant issues are raised immediately rather than held for the final report.

Deliverables and timelines

A typical financial and tax due diligence takes four to eight weeks, depending on size and the readiness of data.
An executive summary of no more than ten pages for decision-makers, with a detailed report and data appendices.
Recommendations for the sale and purchase agreement: conditions precedent, representations and warranties, price adjustment mechanisms and retentions.
A valuation report with sensitivity analysis on the key assumptions.

Due diligence is not about finding reasons to walk away; it is about both sides signing with the same picture of the risks.

Why Corvane

Because accounting, tax and legal work is what Corvane does every day, we can read what sits behind the numbers: an expense booked in the wrong period, a tax incentive with conditions attached, a land lease about to expire. All deal documents are held in an access-controlled data room managed under ISO 27001, and the identities of the parties are known only to those directly involved. We set out the risks and the options; the investment decision always remains the client's.