Kingdee AI Suite Launches Vietnam LocalKits | Built on Compliance, Adapted to Local Business

Vietnam has emerged as a top overseas destination for Chinese enterprises, and complex local compliance requirements have become a key threshold for their stable operations. From the new bilingual financial reporting rules in Vietnamese and English, the full popularization of e-invoices and automatic cross-checking of tax invoice data, to the stringent supervision of production quotas and import-export settlements under the EPE model, enterprises face high-standard compliance challenges across finance, taxation and customs processes.

Rooted in Vietnam’s local compliance requirements, Kingdee AI Suite launched the LocalKits Finance and Tax (Vietnam) and LocalKits Customs Declaration (Vietnam), building a digital compliance solution for Vietnamese business. It fully meets enterprises’ compliance needs covering financial accounting, tax calculation and declaration, e-invoice integration, and intelligent customs declaration, laying a solid compliance foundation for Chinese enterprises expanding to Vietnam and local Vietnamese enterprises, and empowering their stable localized operations.

Key Compliance Points for Vietnamese Enterprises

1、Financial Compliance 

All economic entities in Vietnam, including 100% foreign-invested enterprises, branches and representative offices of foreign enterprises, must comply with the Vietnamese Accounting Standards (VAS), recording transactions and preparing financial reports in accordance with VAS. The system mandates that annual financial statements include the balance sheet, income statement, cash flow statement and notes to the financial statements.

2、Tax Compliance 

Vietnam has enforced the mandatory use of e-invoices for all taxpayers since July 1, 2022. Starting from 2024, all enterprises operating in Vietnam must register an enterprise electronic identity account via the National Public Service Portal or the tax authority system, for online identity authentication in government affairs such as tax declaration, customs clearance and e-invoicing. From July 1, 2026, Vietnam’s tax authorities will officially launch an automatic cross-checking system for invoice data and Corporate Income Tax (CIT) declaration data. It is evident that Vietnam’s tax supervision is moving towards full digitalization and real-time oversight, with increasingly stringent requirements for enterprise tax compliance.

3. Customs Compliance (EPE Model)

EPE is a supervision model of Vietnam Customs that allows enterprises to import raw materials and components duty-free for the production of export goods, with all finished products required to be exported. The core supervision requirements of this model focus on the traceability of raw material imports, production consumption and finished product exports. Enterprises must submit an Actual Production Quota Sheet to the customs to verify the actual consumption of imported materials and exported finished products, and file an Import and Export Settlement Report within 90 days after the end of the fiscal year, ensuring data consistency with customs declaration forms and inventory ledgers. This requires enterprises to improve the material flow supervision system under the EPE model to respond to regular customs inspections and verifications, and lay a solid foundation for compliant operations under the EPE model.

Kingdee AI Suite: Built on Compliance, Adapted to Vietnamese Business

1、Supporting Enterprises in Meeting VAS Requirements for Financial Accounting and Reporting

To help enterprises meet Vietnam’s local financial supervision requirements, Kingdee AI Suite comes with pre-configured chart of accounts, statement items and statement templates in line with VAS, available out-of-the-box and supporting customized adjustments to reduce system initialization work. These pre-configured contents are available in four versions: Simplified Chinese, Traditional Chinese, English and Vietnamese, enabling the direct generation of regulatory-compliant bilingual financial reports in Vietnamese and English. It effectively meets the rigid demand of foreign-invested enterprises for bilingual declaration and helps them avoid compliance risks such as non-compliant report formats and language conversion errors.

2、 One-stop Indirect Tax Calculation and Declaration with Tax Calculation Engine 

Based on an integrated business, finance and tax architecture, the Tax Calculation Engine automatically extracts business data, accurately identifies key tax elements such as address conditions, tax-related products and counterparty qualifications, determines tax codes and applicable formulas, calculates tax amounts quickly and accurately, and ultimately generates Value Added Tax (VAT) returns compliant with Vietnam’s tax declaration norms. For the annual CIT final settlement, the system automatically aggregates tax-related data, completes tax calculation, and generates CIT returns meeting the requirements of Vietnam’s tax audit. It greatly shortens the declaration preparation cycle, helps enterprises complete tax declaration efficiently and strengthens tax compliance.

3、Online Direct Invoice Issuance, Efficient Integration of Business and Invoicing

Kingdee AI Suite connects to Vietnam’s tax system via third-party invoice service providers, enabling one-click invoice issuance, automatic synchronization and centralized management, which greatly improves invoice issuance efficiency and compliance. After a sales transaction occurs, enterprises can generate sales invoices from sales orders/delivery notes/accounts receivable documents. Upon completing invoice issuance, they can obtain invoice information and files in the system and update the issued invoice records, realizing seamless integration of business and invoice flows. This integrated model of business and invoicing not only reduces manual entry errors but also strengthens enterprise internal control management by avoiding tax risks.

4、Intelligent Customs Collaboration, Worry-free Compliant Declaration 

Kingdee AI Suite is deeply integrated with local Vietnamese customs service providers to realize full-process import and export customs declaration and regulatory filing, ensuring accurate, transparent and efficient compliant customs declaration processes. On the one hand, in the import and export link, the system automatically converts procurement and sales documents into customs declaration forms, which are submitted to the customs by local customs service provider(ISVs) after supplementing relevant information, eliminating the tedious process of manual document preparation and revision. On the other hand, the system integrates full-link data of procurement, production, inventory and sales management, generates Actual Production Quota Sheets and Import and Export Settlement Report in line with Vietnam Customs’ standard formats, and submits them to the customs service provider’s system with one click, greatly improving the efficiency of annual declarations and periodic self-inspections.

Faced with the increasingly stringent financial, tax and customs supervision environment in Vietnam, overseas expanding enterprises are in urgent need of a digital management tool that deeply integrates local compliance requirements. The LocalKits Finance and Tax (Vietnam) and LocalKits Customs Declaration (Vietnam) of Kingdee AI Suite embed complex compliance requirements into business processes, helping enterprises significantly reduce manual operation errors and compliance costs. This allows management teams to focus more on business development, enabling them to deeply explore the Vietnamese market with lower risks and higher efficiency, and truly practice the principle of “Built on Compliance, Adapted to Local Business”.