Oracle NetSuite · Vietnam
Oracle NetSuite Financial Localization for Vietnam
Oracle NetSuite financial localization for Vietnam helps your business comply with Vietnam Accounting Standards (VAS) while streamlining financial operations on a cloud-based ERP. Financial reports align with Circular 99, automating accounting workflows and ensuring regulatory compliance.
Circular 99/2025/TT-BTC Ready
13+Statutory Reports
EN/VNBilingual Consulting
Vietnamese Accounting Standards
Oracle NetSuite Vietnam Financial Localization Bundle
Meet statutory financial reporting requirements under Circular 99/2025/TT-BTC – including printable hard-copy forms
Financial Statements
- Statement of Financial Position (Báo cáo tình hình tài chính)
- Income Statement (Báo cáo Kết quả HĐKD)
- Cash Flow Statement (Báo cáo Lưu chuyển Tiền tệ)
- Trial Balance (Bảng Cân đối Phát sinh)
Ledgers & Transaction Reports
- General Ledger (Sổ Chi Tiết Tài khoản)
- General Journal (Sổ Nhật Ký Chung)
- Sales Invoice & Transaction Report (Bảng Kê Hóa Đơn Bán Ra)
- Purchase Invoice & Transaction Report (Bảng Kê Hóa Đơn Mua Vào)
Receivables & Payables
- AR Detail Report (Sổ Chi Tiết Công Nợ Phải Thu)
- AR Summary Report (Sổ Tổng Hợp Công Nợ Phải Thu)
- AP Detail Report (Sổ Chi Tiết Công Nợ Phải Trả)
- AP Summary Report (Sổ Tổng Hợp Công Nợ Phải Trả)
Printable Statutory Forms
- Receipt Voucher (Phiếu Thu)
- Payment Voucher (Phiếu Chi)
- Goods Receipt Note (Phiếu Nhập Kho)
- Goods Issue Note (Phiếu Xuất Kho)
How S4 Delivers NetSuite Financial Localization
NetSuite Report Builder Technology
- Native reporting – built on NetSuite’s own Report Builder, no external tools required
- Fully customizable – modify structure, formatting and drill down into transaction detail
- Real-time exploration – interactive reports for instant, in-app decision-making
IFRS & VAS Mapping Advisory
- Dual expertise – consultants fluent in both international and Vietnamese accounting standards
- COA customization – build a Vietnam-specific chart of accounts aligned to local regulation
- Global-to-VAS mapping – map group COA to VAS for accurate reporting and consolidation
Bilingual Consulting
- Fluent in English & Vietnamese – smooth communication across local and global finance teams
- Bridging global & local accounting – clear alignment between VN accountants and HQ finance
- Effortless rollout – bilingual expertise removes language barriers during implementation
Case Study · Manufacturing
LifeWear Technologies: NetSuite Financial Localization for Vietnam in Action
Vietnam financial localization in production – VAS compliance, statutory reporting and bilingual rollout for a US-serving manufacturer.
S4 Consulting delivered the go-live of Oracle NetSuite ERP for LifeWear Technologies Vietnam, including full VAS financial localization aligned with statutory reporting requirements – giving the manufacturer real-time visibility and a compliant financial foundation to support its multinational growth.
Localization Scope
VAS Chart of Accounts
Statutory Financial Statements
Circular 99 Reporting
Bilingual Rollout (EN/VN)
Implementation Highlights
Unified financial model across Vietnam and US entities
VAS chart of accounts mapped to group reporting standards
Statutory reports configured for Circular 99 compliance
Bilingual training for local and HQ finance teams
End-user training, cut-over and go-live support
“The S4 team demonstrated exceptional professionalism and dedication throughout the project. Despite the complexities of a manufacturing environment, they explained every detail clearly and supported each end user wholeheartedly. We felt true partnership, not just a service vendor.”
Mr. Tommy
CEO, ActLife Vietnam
Factory photo source: LifeWear Technologies website
NetSuite Financial Localization FAQ
What does the Vietnam Financial Localization package include?
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A statutory reporting bundle (Statement of Financial Position, Income Statement, Cash Flow, Trial Balance, Ledgers, AR/AP and invoice reports), VAS-compliant chart of accounts, and IFRS-to-VAS mapping support – built natively on NetSuite Report Builder.
Does it comply with Circular 99/2025/TT-BTC?
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Yes. Report formats and structures follow the statutory reporting forms introduced under Circular 99/2025/TT-BTC, effective 01/01/2026, including the renamed Statement of Financial Position.
Can the reports be customized?
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Yes. Reports are fully editable within NetSuite – structure, formatting and drilldown into transaction-level detail – with no external reporting tools required.
Does S4 handle IFRS-to-VAS mapping for multinational companies?
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Yes. S4 consultants map global chart of accounts to VAS, helping multinational entities keep group reporting and Vietnam statutory reporting aligned and consolidation-ready.
Is support available in both English and Vietnamese?
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Yes. S4 consultants are bilingual, bridging communication between Vietnamese accounting teams and global finance/HQ stakeholders throughout implementation.
Do we need to replace NetSuite to comply with Circular 99?
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No. NetSuite fully supports Circular 99 requirements – what needs updating is system configuration, accounting policies and the localization package, not the ERP platform itself.
Can we transition gradually from Circular 200 to Circular 99?
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Yes, but the official application date must be clearly defined in advance to avoid mixing two accounting policies within the same reporting period.
Does Circular 99 affect fixed asset accounting on NetSuite?
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Yes. Companies can now define their own useful life for fixed assets, which requires reconfiguring NetSuite’s Fixed Assets Management module and updating the capitalization threshold accordingly.
Who should be involved in a Circular 99 transition project?
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A successful transition requires close coordination between the accounting team, NetSuite consultants and executive management – not the accounting team alone.
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