Quotations for a Vietnamese company arrive as a single number, usually somewhere between one and five thousand dollars, with no breakdown.
The number is almost entirely professional fees. The Vietnamese state charges around four dollars to register a company, and that figure is published.
This page separates what the government charges from what firms charge, and then does the part most quotations leave out: what the company costs to hold for a year.
What the state actually charges
| Line | Amount | Basis |
|---|---|---|
| Enterprise registration fee | VND 50,000 | Circular 47 |
| Same fee, filed online | VND 0 | Waived under Decree 168/2025/ND-CP from 1 July 2025 |
| National portal publication | VND 100,000 | Compulsory, paid at submission |
| Investment registration certificate | Not published in the sources reviewed | |
| Total, online filing | VND 100,000 to 200,000 | Roughly USD 4 to 9, varying by province |
Two things follow from this table, and both are uncomfortable for the way the market prices this work.
- Filing online removes the registration fee entirely, so the paper route costs more for no benefit.
- The publication charge is the only unavoidable state payment, and it is fixed rather than scaled.
- No official fee for the investment certificate appears in published sources, so any figure you are quoted for it is a service charge until proven otherwise.
- Provincial variation is small in absolute terms, a few dollars, and is not worth optimising.
The line that disappeared on 1 January 2026
Until the end of 2025, every Vietnamese company paid an annual business licence fee of VND 2 to 3 million, roughly USD 80 to 120, for the life of the company.
Resolution No. 198/2025/QH15 ended it. From 1 January 2026, enterprises and household businesses no longer declare or pay the fee, nationwide and without a size test.
If a quotation or a budget you are working from still carries an annual licence fee line, it was built before 2026. That is a useful test of how current the rest of the document is.
The costs the fee schedule does not contain
This is where a Vietnamese budget goes wrong, because none of these appear on any government list and most are compulsory in practice.
| Cost | Nature | Note |
|---|---|---|
| Formation agent or law firm | Optional but usual | The largest discretionary line |
| Document legalisation or apostille | Mandatory for foreign documents | Route changes on 11 September 2026 |
| Certified translation into Vietnamese | Mandatory | Priced per page, scales with document count |
| Commercial lease | Mandatory before registration | A residential apartment is not permitted |
| Chief accountant | Mandatory | Often outsourced rather than employed |
| Bookkeeping | Mandatory in substance | From around VND 500,000 per month |
The lease is the one that surprises founders, because it has to exist before the company does. You are committing to premises to obtain the entity that would otherwise sign the lease.
The annual audit, which has no small company exemption
This is the single largest recurring cost of a Vietnamese entity, and it is the least discussed.
Under Article 37 of the Law on Independent Audit 2011 and Decree 17/2012/ND-CP, every foreign invested enterprise must have its annual financial statements audited by a licensed independent Vietnamese audit firm.
- There is no exemption by size, revenue, profit or activity. A dormant foreign owned company is audited.
- The auditor must be a firm legally operating in Vietnam, working to Vietnamese Standards on Auditing.
- Indicative cost is USD 1,500 to 3,000 a year for a small company, and rises with transaction volume.
- Audited statements are due within 90 days of the financial year end.
- They go to several recipients: financial authorities, the tax authority, the statistics office, the business registration agency and the parent company.
A domestic Vietnamese company of the same size and activity usually escapes this. The obligation attaches to foreign ownership, which means it is a cost of being foreign rather than a cost of being small.
What a year of holding the company costs
| Item | Frequency | Indicative |
|---|---|---|
| Statutory audit | Annual | USD 1,500 to 3,000 |
| Bookkeeping and tax filings | Monthly | From VND 500,000 per month |
| Chief accountant, outsourced | Monthly or annual | Market rate |
| Registered commercial address | Monthly | Varies widely by city and district |
| Business licence fee | Abolished | VND 0 from 1 January 2026 |
The pattern is the opposite of the setup picture. Registration is close to free and the year is not, which is why comparing jurisdictions on formation cost alone produces the wrong answer for Vietnam.
- Statutory auditUSD 2,000
- Formation and advisoryUSD 1,500
- Legalisation and translationUSD 600
- Bookkeeping and chief accountantUSD 500
- State chargesUSD 5
Charter capital is not a cost
It is the largest number in most Vietnamese quotations and it is not an expense at all.
- Charter capital stays in the company and funds its operations.
- There is no general legal minimum, though specific regulated sectors set their own floors.
- It must be funded within 90 days of the enterprise registration certificate, with an extension for assets in transit.
- It has to arrive through the designated capital account to be recognised as a contribution.
- Under funding is expensive in a different currency, because it can remove limited liability from a single member company.
The structural consequences of the figure you choose are set out in Vietnam company types.
How to read a Vietnamese quotation
Because the state charge is negligible, comparing quotations is a comparison of scope, not of price. Two firms quoting the same total can be selling very different things.
| Ask this | Why it changes the number |
|---|---|
| Is the first annual audit included? | It is the largest recurring line and is often excluded |
| How many documents are covered for legalisation and translation? | Both are priced per document or per page |
| Is the registered address included, and for how long? | Frequently twelve months, then billed separately |
| Is the chief accountant included? | Compulsory in substance, often a separate subscription |
| Does the price assume an online filing? | Paper filing reintroduces a fee and slows the file |
| Which certificate does the price cover? | A quotation for incorporation only may exclude the investment certificate |
The questions that reveal the most are about exclusions.
- A low headline price usually excludes the audit, which arrives in month twelve rather than month one.
- Legalisation quoted as one line hides a per document cost that scales with a corporate shareholder.
- An address bundled for the first year creates a renewal cost that lands with the audit.
- A price covering only the enterprise certificate leaves the investment certificate unpriced, which matters if you take that route.
A useful discipline is to ask for a two year total rather than a setup price. It puts the audit inside the comparison and removes most of the difference between quotations.
What makes it more expensive
- A corporate shareholder rather than an individual, because of the document chain and the additional legalisation.
- Documents from Germany, Austria or the Czech Republic, which still need consular legalisation after Vietnam's apostille accession takes effect.
- A conditional activity, which adds a sector licence on top of the general registration.
- A capital contribution in equipment, which adds import, valuation and transfer costs.
- Higher transaction volume, which moves the audit toward the upper end of its range.
- Employees, because payroll, social insurance registration and the filings that follow them are a separate monthly workload from bookkeeping.
- A second location, since a branch or additional business location is its own registration with its own address requirement.
- A December financial year end, which puts your audit into the busiest quarter for Vietnamese audit firms and tends to price accordingly.
- A late start on bookkeeping, because reconstructing a year of records for the auditor costs more than keeping them.
Two of these deserve numbers rather than adjectives.
- Legalisation and translation scale with the shareholder. An individual investor legalises a passport. A corporate investor legalises incorporation documents, accounts, a board resolution and a power of attorney, each separately and each translated.
- A conditional activity adds a second process, with its own dossier, its own review period and its own advisory cost, after the general registration is complete.
The exit cost, which almost no budget contains
The cheapest part of a Vietnamese company is opening it. The most expensive part is closing it, and that number never appears in a formation quotation.
| Stage | Time | Cost |
|---|---|---|
| Terminate the investment project | Part of the sequence | Advisory |
| Tax finalisation | 60 to 90 days | Advisory, plus any assessment |
| Employee settlement and asset liquidation | Months | Severance, excluded from professional fees |
| Deregistration | End of process | Advisory |
| Total elapsed | 6 to 12 months, often longer | VND 50 to 100 million, roughly USD 2,000 to 4,000 |
Two features of this make it worse than the headline figures suggest.
- A foreign invested company has an extra step. It must terminate the investment project under investment law before it can dissolve like a domestic company.
- The quoted range excludes severance and any tax penalty, which are the two lines most likely to move the total.
- Accounting records must be kept for ten years from deregistration.
- Tax authorities can audit a dissolved entity within that period, so closing the company does not close the exposure.
Read against the setup figure, the arithmetic is uncomfortable and worth confronting early: entering Vietnam costs four dollars in state charges, and leaving it costs several thousand in professional fees and the better part of a year.
That asymmetry is the strongest argument for getting the sector and structure right before incorporating rather than treating a Vietnamese entity as a cheap experiment.
The bottom line
Vietnam is one of the cheapest jurisdictions in the region to enter and a mid priced one to occupy. The registration charge is four dollars and the first year's compliance is a four figure sum in US dollars.
The number that should drive the decision is the annual audit, because it is compulsory, it does not scale down, and it applies whether or not the company trades. A Vietnamese entity kept open for optionality still costs a small five figure sum in dong every year to keep compliant.
Budget the year before you budget the setup. If the annual figure works, the entry cost will not be what stops you.
If the ongoing obligations are the deciding factor, they are set out in full in Vietnam company compliance.
Frequently asked questions
How much does it cost to register a company in Vietnam?
The compulsory government charge is VND 100,000, roughly four dollars, for publication on the national portal. The VND 50,000 registration fee is waived for online filings under Decree 168/2025/ND-CP. Everything above that in a quotation is professional fees.
Is there still an annual business licence fee in Vietnam?
No. Resolution No. 198/2025/QH15 abolished it from 1 January 2026 for enterprises and household businesses alike. It previously ran to VND 2 to 3 million a year.
What is the minimum capital to open a company in Vietnam?
The Law on Enterprises sets no general minimum. Specific regulated sectors impose their own legal capital floors, and the figure you register is assessed for credibility against the project described in your application.
Do foreign owned companies in Vietnam have to be audited?
Yes, every one of them. Article 37 of the Law on Independent Audit 2011 and Decree 17/2012/ND-CP require an annual independent audit with no exemption for size, revenue, profit or level of activity.
How much does the annual audit cost?
Indicatively USD 1,500 to 3,000 a year for a small foreign owned company, rising with transaction volume. It must be performed by an audit firm licensed to operate in Vietnam.
What are the ongoing costs of a Vietnamese company?
The statutory audit, monthly bookkeeping from around VND 500,000, a chief accountant whether employed or outsourced, and a commercial registered address. The annual licence fee is no longer among them.
Is charter capital part of the cost?
No. It stays in the company as working capital. It must be paid in within 90 days of the enterprise certificate, through the designated capital account, and under funding it carries its own consequences.
Why do quoted prices vary so much between firms?
Because government charges are a rounding error and the entire quotation is service pricing, with different firms bundling legalisation, translation, address, bookkeeping and the first audit in different ways. Ask what is excluded rather than what is included.
How much does it cost to close a Vietnamese company?
Roughly VND 50 to 100 million, or USD 2,000 to 4,000 in professional fees for a small foreign owned company, excluding severance and any tax assessment. The process runs 6 to 12 months and often longer, with tax finalisation alone taking 60 to 90 days.
Is it cheaper to file online?
Yes. Online filing through the national business registration portal removes the VND 50,000 registration fee entirely, leaving only the publication charge.
Sources
- Viet An Law fee guidance: the VND 50,000 enterprise registration fee under Circular 47, its waiver for online filings under Decree 168/2025/ND-CP, and the fixed VND 100,000 publication charge
- PwC Vietnam news brief on the abolition of the business licence fee from 1 January 2026 under Resolution No. 198/2025/QH15
- RSM Hanoi on the statutory audit of foreign invested enterprises under Article 37 of the Law on Independent Audit 2011 and Decree 17/2012/ND-CP, with no exemption by size
- Emerhub on audited financial statements in Vietnam: the annual audit obligation and the ninety day filing deadline
Government charges are published amounts: the VND 50,000 registration fee under Circular 47, its waiver for online filings under Decree No. 168/2025/ND-CP in force from 1 July 2025, and the VND 100,000 publication charge. The abolition of the annual business licence fee rests on Resolution No. 198/2025/QH15 and takes effect from 1 January 2026. The statutory audit obligation for foreign invested enterprises rests on Article 37 of the Law on Independent Audit 2011 and Decree No. 17/2012/ND-CP. Professional fees for audit, accounting, legal work, translation and legalisation are market prices rather than tariffs, vary by firm, province and document count, and the ranges here are indicative and should be quoted before you commit. No official published fee for the investment registration certificate was found in the sources reviewed, and none is stated here rather than estimated. Dong to dollar conversions use roughly VND 26,000 to the dollar and move with the rate. This is not legal or tax advice.
