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SAP rollout in Vietnam: Key considerations for multinational operations

For multinationals entering or expanding in Vietnam, an SAP rollout rarely functions as a straightforward template deployment. Vietnam's regulatory environment - covering accounting standards, mandatory e-invoicing, VAT, and labor compliance - differs materially from the defaults built into most global SAP configurations.

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The SAP roll-out project, consulted and implemented by Citek, has helped Nippon Paint synchronize processes and data between our companies in Singapore and Vietnam. Additionally, standardized solutions aligned with VAS standards, VAS reporting packages, E-Invoice, and E-Banking were integrated. As a result, processing time, accounting closing periods, and report submission were reduced by up to seven days, enabling us to fully leverage the strengths of the group's analytical reporting system and apply it across various operations and units.
 

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Ms. Nguyen Thi Anh Tuyet

Ms. Nguyen Thi Anh Tuyet

Head of Financial Accounting Department - Nippon Paint Viet Nam