Category: Law Documents

Should the cost of product packaging be included in the cost of the product under the lens of an expert?

Should the cost of product packaging be included in the cost of the product under the lens of an expert?

In the production and business process, building a process to calculate the reasonable cost of products and services is very important in building competitive product prices in the market.
In addition, it is also important to gather costs and allocate costs appropriately into the product cost range. Misrecording costs to the wrong address will lead to actual inefficient cost management.
Frankly, the cost of product packaging is a particular cost that businesses and local tax authorities have not agreed on for a long time on where to collect costs. In fact, there are two controversial points of view of packaging cost accounting treats. One is accounting treat for the product cost, the other is accounting and selling expenses. Thus, what will be the basis legal evidence for appropriate cost accounting?
From the point of view of field experts and the Vietnamese General Department of Taxation, enterprises should clarify whether the cost of packaging is in the production process or in the product consumption process for the sales department for accounting purposes. according to the provisions of the law on accounting. Therefore, depending on the specific production and business process, the enterprise can implement the appropriate way of coordinating the cost of packaging into the cost or selling expenses.
Refer to CV No: 41332/CT-TTHT in 2018
Toni Tran                                                                                                                                          CEO Dong Du International Accounting, Taxes & Legal Consulting Group HCMC Vietnam.   Master of Accounting in Japan, CPA, CPTA, Lawyer, DBA Student at UBIS University Switzerland.
****************************************************
Dong Du International Accounting, Taxes & Legal Consulting Group Vietnam, A member of OneSMP Singapore, Southeast Asia Business Consulting Network, we specialize in accounting services, corporate tax advice, legal advice, business training, human resource consulting, product & market surveys…over 15 years up to now in the Vietnam market. Currently, we have also built a team of foreign experts from Japan, Singapore, Thailand, Cambodia … to help customers inside and outside Vietnam to expand appropriate business opportunities as well as possible.

[SETTING UP COMPANY, ACCOUNTING, TAX, LAW COMPLIANCE, HR…IN HO CHI MINH, VIET NAM FOR FOREIGN INVESTORS]

Home page: www.japanvietnam.com.vn. ; https://ddbis.edu.vn.
Facebook/LinkedIn: Dong Du International Accounting & Legal Consulting

In case you have any question, please contact us at tonitran01092020@gmail.com or Tel/ zalo/WhatsApp’s: 090 925 7602 for your references.

#setting up company in Vietnam accounting #tax #legal consulting
#coaching#humanresources

EFFICIENT CONTRACT ADMINISTRATION UNDER THE PRISM OF AN EXPERT

EFFICIENT CONTRACT ADMINISTRATION UNDER THE PRISM OF AN EXPERT

Economic and service contracts are legal commitments between parties in legal business and civil transactions. However, effective contract management is an issue that businesses need to pay attention to.
What is effective contract management in enterprises? There are many views that the management of a contract stops at the level of protecting the business in litigation if any arise. This is true but not enough in fact. Effective contract management must be built on contract risk management to help build sustainable partnerships and help businesses manage taxes and foreign exchange… appropriately. This is the real goal that businesses need to achieve in building and implementing effective contracts.
Dong Du International Accounting, Taxes & Legal Consulting Group HCMC Vietnam, A member of ONESMP Singapore, is committed to accompanying businesses in building a solid legal foundation in contract administration, while helping businesses optimize their value added in the business operations.
Toni Tran CEO                                                                                                                  Master of Japanese Accounting, Lawyer, CPA, CPTA, PHD Student of UBIS university Switzerland
*******************************************************************************
Dong Du International Accounting, Taxes & Legal Consulting Group Vietnam, A member of OneSMP Singapore, Southeast Asia Business Consulting Network, we specialize in accounting services, corporate tax advice, legal advice, business training, human resource consulting, product & market surveys…over 15 years up to now in the Vietnam market. Currently, we have also built a team of foreign experts from Japan, Singapore, Thailand, Cambodia … to help customers inside and outside Vietnam to expand appropriate business opportunities as well as possible.

[SETTING UP COMPANY, ACCOUNTING, TAX, LAW COMPLIANCE, HR…IN HO CHI MINH, VIET NAM FOR FOREIGN INVESTORS]

Home page: www.japanvietnam.com.vn. ; https://ddbis.edu.vn.
Facebook/LinkedIn: Dong Du International Accounting & Legal Consulting

In case you have any question, please contact us at tonitran01092020@gmail.com or Tel/ zalo/Whatapps: 090 925 7602 for your references.

#setting up company in Vietnam#accounting #tax #legal consulting
#coaching#humanresources

CORPORATE RISK MANAGEMENT AND VIETNAM SMEs TODAY

CORPORATE RISK MANAGEMENT AND VIETNAM SMEs TODAY

Risk of being cheated of hundreds of millions of dollars, a series of Vietnamese companies called for help: Information with PLO on March 9, 2022, the Vietnam Cashew Association (Vinacas) said it had worked with a number of banks (NH) related to agencies and shipping companies. At the same time, Vinacas continues to receive complaints from exporters to find a way to solve the case of 100 containers of cashews exported to Italy at risk of fraud and loss of goods. According to https://plo.vn/ Kinh-te/nguy-co-bi-lua-ca-tram-trieu-usd-hang-loat-cong-ty-viet-keu-cuu-1047457.html

Launching a trick of ‘buying goods worth 2 million USD’ to trap Vietnamese people: According to information from the Ministry of Industry and Trade, recently the Vietnam Trade Office in Nigeria received a number of applications from domestic enterprises (DN), offers to deal with complaints about fraudulent Nigeria, Cameroon and Togo businesses. According to https://plo.vn/ Kinh-te/tung-chieu-mua-hang-tri-gia-2-trieu-usd-gai-bay-nguoi-viet-832675.html.

As the above practical examples, we see that the common point is that Vietnamese enterprises, especially Vietnamese SMEs, have not yet built risk management tools in trade promotion and business coordination effectively. This is especially potential loss when Vietnamese enterprises integrate into regional and global markets more and more deeply.

Corporate risk management is a relatively new concept to Vietnam’s fledgling economy. Enterprises need to build a risk management system from customer selection, contract signing, raw material purchase, goods delivery and payment operations, especially payment in foreign exchange. By implementing a self-contained risk management process, businesses will avoid the situation where the water reaches their feet to jump like the real examples mentioned above. Therefore, the enterprises are should not afraid of spending money in building a risk management system that leads to avoidance or failure to conform to the system.

We, Dong Du International Acccounting, Taxes & Legal Consulting Group HCMC, Vietnam, A member of ONESMP Singapore, are committed to accompanying our clients in perfecting an enterprise risk management system in line with the current production situation of our company. to maximize the opportunity cost of the business. In case your business needs detailed advice, please contact us in Ho Chi Minh, Vietnam as soon as possible.

Toni Tran CEO

Master of Japanese Accounting, Lawyer, CPA, CPTA, PhD student in corporate governance at UBIS Switzerland.

Dong Du International Accounting, Taxes & Legal Consulting Group Vietnam, A member of OneSMP Singapore, Southeast Asia Business Consulting Network, we specialize in accounting services, corporate tax advice, legal advice, business training, human resource consulting, product & market surveys…over 15 years up to now in the Vietnam market. Currently, we have also built a team of foreign experts from Japan, Singapore, Thailand, Cambodia … to help customers inside and outside Vietnam to expand appropriate business opportunities as well as possible.

[SETTING UP COMPANY, ACCOUNTING, TAX, LAW COMPLIANCE, HR…IN HO CHI MINH, VIET NAM FOR FOREIGN INVESTORS]

Home page: www.japanvietnam.com.vn. ; https://ddbis.edu.vn.
Facebook/LinkedIn: Dong Du International Accounting & Legal Consulting

In case you have any question, please contact us at tonitran01092020@gmail.com or Tel/ zalo/Whatapps: 090 925 7602 for your references.

#setting up company in Vietnam#accounting #tax #legal consulting
#coaching#humanresources

Break-even Point and Vietnamese SMEs

Break-even Point and Vietnamese SMEs

During the process of consulting and supporting businesses to invest in Vietnam for nearly 20 years, we deaply realize that Vietnamese SMEs face many limitations in shaping and maintaining sustainable development and changing the quality of their businesses. The cause of this current situation comes not only from objective reasons about financial capacity, but also from the management ability that has not achieved the necessary efficiency. That also makes it very difficult for SMEs in the post-covid period in Vietnam.
When it comes to effective corporate governance, businesses in general and SMEs in particular need to apply management accounting functions to the company’s operating system. Some SME managers have shared with us that their businesses are still small or not financially able to apply management accounting tools to their business operations. This is really unfortunate, because SMEs seemly ignore the opportunity costs needed to operate and grow to a higher level in a competitive market.
Here, determining the break-even point for the characteristics of business and production is extremely urgent. Through the break-even point of view,  SMEs can determine their actual operating capacity. At the same time, SMEs can build  up an appropriate capital asset structure around the actual break-even point. Therefore, with the adjusted financial structure in line with reality, SMEs can use leverage and other capitalizing measures flexibly and appropriately. Finally, SMEs can be flexible and survive in an increasingly competitive market after the Covid pandemic.
We, Dong Du International Accounting, Taxes & Legal Consulting Group HCMC, A member of ONESMP Singapore, are committed to accompanying SMES, assisting SMEs in establishing an efficient and cost-effective business break-even point to help SMEs form becoming more competitive in the regional market.
Toni Tran CEO                                                                                                                                Master in Japanese accounting, CPA, CPTA, lawyer, PhD student in corporate governance at UBIS University Switzerland.
**************************************************************
Dong Du International Accounting, Taxes & Legal Consulting Group Vietnam, A member of OneSMP Singapore, Southeast Asia Business Consulting Network, we specialize in accounting services, corporate tax advice, legal advice, business training, human resource consulting, product & market surveys…over 15 years up to now in the Vietnam market. Currently, we have also built a team of foreign experts from Japan, Singapore, Thailand, Cambodia … to help customers inside and outside Vietnam to expand appropriate business opportunities as well as possible.

[SETTING UP COMPANY, ACCOUNTING, TAX, LAW COMPLIANCE, HR…IN HO CHI MINH, VIET NAM FOR FOREIGN INVESTORS]

Home page: www.japanvietnam.com.vn. ; https://ddbis.edu.vn.
Facebook/LinkedIn: Dong Du International Accounting & Legal Consulting

In case you have any question, please contact us at tonitran01092020@gmail.com or Tel/ zalo/Whatapps: 090 925 7602 for your references.

#setting up company in Vietnam#accounting #tax #legal consulting
#coaching#humanresources

Cost effective under the lens of experts.

Cost effective under the lens of experts.

In all socio-economic circumstances, businesses always want to maximize profits by selling more products, expanding markets more. However, it is not always possible to discuss more products or expand the market to bring about the desired effect for businesses.

Conducting a closer analysis of the profit & cost problem, we notice one thing. Maintaining a sustainable desired profit level, businesses need to control costs better. In other words, to effectively increase profit margins, businesses need to build an effective cost structure.

Speaking of effective cost structure, businesses need to pay attention to the complete costing system. When building the finished cost, the business will achieve the two-in-one goal. One is to build a reasonable basis for more competitive selling prices. Second, enterprises can reasonably coordinate sustainable profits.

DDC, we are committed to accompanying Vietnamese small and medium enterprises & FDIs in training, designing and controlling an effective product costing system. We are confident to bring added value to customers in the post-Covid period in sustainable cost management.

Toni Tran

Ceo Dong Du International Accounting, Taxes & Legal Consulting Group HCMC, A member of ONESMP Singapore, Southeast Asia Business Consulting Network.

MBA of Japanese Accounting, Tax・ CPA・ CPTA ・Lawyer・ PHD student of Corporate Governance Ubis University Switzerland

**************************************************************
Dong Du International Accounting, Taxes & Legal Consulting Group Vietnam, A member of OneSMP Singapore, Southeast Asia Business Consulting Network, we specialize in accounting services, corporate tax advice, legal advice, business training, human resource consulting, product & market surveys…over 15 years up to now in the Vietnam market. Currently, we have also built a team of foreign experts from Japan, Singapore, Thailand, Cambodia … to help customers inside and outside Vietnam to expand appropriate business opportunities as well as possible.

[SETTING UP COMPANY, ACCOUNTING, TAX, LAW COMPLIANCE, HR…IN HO CHI MINH, VIET NAM FOR FOREIGN INVESTORS]

Home page: www.japanvietnam.com.vn. ; https://ddbis.edu.vn.
Facebook/LinkedIn: Dong Du International Accounting & Legal Consulting

In case you have any question, please contact us at tonitran01092020@gmail.com or Tel/ zalo/Whatapps: 090 925 7602 for your references.

#setting up company in Vietnam#accounting #tax #legal consulting


#coaching#humanresources

MODERN MANAGEMENT OF INVENTORY

MODERN MANAGEMENT OF INVENTORY

You are the CEO of a business, do you have a headache about inventory management at your business? In my opinion, there must be. You are wondering for hours, days, months how to stock up with the highest opportunity cost. Me too. In other words, how always have enough materials for production, enough goods to supply customers’ needs when required? And this is  a point.

And this problem will be placed in the context of businesses having to use costs optimally, especially in difficult times like the current Covid. Don’t worry, please kindly connect with us, we will help you build up the optimal warehouse plan with the application of modern inventory management techniques currently.

In the next financial year 2022, Dong Du International Accounting, Taxes & Legal Consuling Group, A Member of OneSMP Singapore [DDC], would like to introduce our potential customers to our consulting and skills training package. fully on how to build and apply an appropriate industry-specific inventory management model to help businesses increase opportunity costs in inventory management, thereby reducing product costs, creating competitive selling prices. compete in the Vietnamese and regional markets.

If you have any request about the service package, please contact us as soon as you have a request.

*******************************************************************************
[DDC] Dong Du International Accounting, Taxes & Legal Consulting Group HCMC Vietnam, A member of OneSMP Singapore, Southeast Asia Business Consulting Network, we specialize in accounting services, corporate tax advice, legal advice, business training, human resource consulting, product & market surveys…over 15 years up to now in the Vietnam market. Currently, we have also built a team of foreign experts from Japan, Singapore, Thailand, Cambodia … to help customers inside and outside Vietnam to expand appropriate business opportunities as well as possible.

[SETTING UP COMPANY, ACCOUNTING, TAX, LAW COMPLIANCE, HR…IN HO CHI MINH, VIET NAM FOR FOREIGN INVESTORS]

Home page: www.japanvietnam.com.vn. ; https://ddbis.edu.vn.
Facebook/LinkedIn: Dong Du International Accounting & Legal Consulting
In case you have any question, please contact us at tonitran01092020@gmail.com or Tel（ zalo/Viber/Line/Wechat/Whatapps） 090 925 7602 for your references.
#setting up company in Vietnam#accounting #tax #legal consulting
#coaching#humanresources