Ho Ngoc Bao

Partner, Tax & Advisory

CPA VN, ACCA UK, CTA VN

Summary

Greetings!

My name is Ho Ngoc Bao, and I currently serve as Partner – Tax & Advisory Services at Crowe Vietnam, Ho Chi Minh City Office. In this role, I am responsible for managing and developing the Tax & Advisory division of the office, while also contributing to the overall strategic direction of Crowe Vietnam to meet the evolving needs of both local and international clients.

Alongside my management responsibilities, I am directly involved in delivering professional services including: tax compliance advisory, tax finalization and audit support, tax dispute resolution, M&A and transaction advisory, transfer pricing, accounting, book reviews, accounting process optimization, and advisory on payroll and human resource management.

Prior to joining Crowe Vietnam, I gained extensive practical experience in accounting, audit, and tax advisory at leading firms in Vietnam, including serving as a tax advisory manager at a Big 4 firm. With 20 years of in-depth experience, I have worked with a wide range of businesses—from medium-sized enterprises to large corporations, including multinational groups, foreign direct investment (FDI) companies, and listed entities in Vietnam, operating across manufacturing, trading, and services.

I hold a Bachelor’s degree in Accounting and Auditing from the University of Economics Ho Chi Minh City, and I am a member of several prestigious professional organizations, including the Association of Chartered Certified Accountants (ACCA – UK), Vietnam Certified Public Accountants (CPA Vietnam), and Vietnam Certified Tax Advisors (CTA Vietnam).

I always uphold the values of professionalism, dedication, integrity, and accountability, and strive to deliver practical, innovative, and effective solutions to clients.

With deep insights into the local market and up-to-date international knowledge, I am committed to partnering with you in managing tax risks, optimizing financial performance, and enhancing competitive advantage in today’s dynamic business environment.

Sincerely,
Ho Ngoc Bao

Qualifications

Bachelor’s Degree in Accounting and Auditing – University of Economics, Ho Chi Minh City

Professional certifications

ACCA Certificate – Association of Chartered Certified Accountants (UK)
Certified Public Accountant (CPA Vietnam) – issued by the Ministry of Finance of Vietnam
Certified Tax Advisor (CTA Vietnam) – issued by the Ministry of Finance of Vietnam

Experience

I have accumulated 20 years of experience, with key areas of expertise as follows:

Service Scope: Tax Compliance, Tax Advisory, Transfer Pricing, Tax Health Check, Tax Audit Support, Tax Inspection & Dispute Resolution, M&A and Transaction Advisory, Accounting, Book Review, Accounting Software Advisory, Payroll Advisory
Client Scale: From very small to very large enterprises, with a focus on medium to large-sized clients, including many multinational companies
Client Types: Foreign Direct Investment (FDI) enterprises and Vietnamese companies, including private firms, listed companies, and state-owned enterprises
Industry Focus: Manufacturing, Distribution, Food & Beverage, Education, Industrial Metals & Mining, Pharmaceuticals, Chemicals, Real Estate, Transportation, Technology & Telecommunications

Over the course of my career, I have led and contributed to numerous high-impact advisory projects for both domestic and international clients. A selection of representative projects reflecting my expertise and practical experience in accounting, tax, transfer pricing, and payroll advisory is outlined below.

Notable projects

*** Click on each project for details

Advised on the setup of the accounting system and ERP implementation for the Vietnamese subsidiary of a global computer technology group. The engagement included working closely with the IT team and the software vendor to ensure compliance with Vietnamese Accounting Standards (VAS), International Financial Reporting Standards (IFRS), and internal management requirements.
Advised and supported SAP implementation for the Vietnamese subsidiary of a European logistics group, including consultation on the design of accounting processes and assistance in system parameter setup to generate financial and tax reports in compliance with Vietnam’s accounting and tax regulations.
Supported the mapping of the IFRS-based accounting system to VAS for a Vietnam-based subsidiary of a German chemical group, enabling the preparation of financial statements in accordance with Vietnamese accounting standards.

Provided full-service support including bookkeeping, financial statement preparation, tax filings, and compliance advisory on labor, payroll, and social insurance for various subsidiaries of multinational corporations, including:

A subsidiary of one of the world’s leading information technology groups
A chemical distribution subsidiary of a German conglomerate
A subsidiary of a Russian oil & chemical group, with annual revenue exceeding VND 2,000 billion in Vietnam
A subsidiary of a publicly listed energy group based in Malaysia
A healthcare and medical consulting subsidiary of a UK-headquartered multinational group
A subsidiary of a leading UK-based university
Top logistics companies operating across Europe and Asia
A home healthcare services provider, part of a Singapore-headquartered group
A subsidiary of a major U.S. non-profit organization, acting as the parent’s support unit for startup development projects in Vietnam
A construction supervision and project management consulting firm, serving major real estate developers in Vietnam

Participated in a merger transaction advisory for multiple Vietnam-based subsidiaries of one of the world’s leading chemical groups, covering the following areas:

Tax regulatory assessment
Review of legal and financial documentation
Advisory on tax-efficient transaction structuring
Post-merger compliance support

This was a complex project that required close coordination with multiple internal stakeholders and collaboration with other external service providers.

I manage a team with extensive experience in transfer pricing advisory and compliance support for multinational corporations, particularly Japanese enterprises operating in Vietnam.
My team is directly involved in the preparation of Transfer Pricing Documentation – including TP Form, Local File, Master File, and Country-by-Country Report (CbCR), for multiple companies with annual revenue exceeding VND 500 billion.

These documentation packages not only help clients ensure regulatory compliance, but also mitigate risks during tax inspections.

Tax Report and Declaration Review Prior to Tax Authority Inspection:

My clients are businesses that seek to review their full tax reports and accounting documents to make timely adjustments in accordance with current legal regulations.

This tax and accounting review process helps clients minimize the risk of non-compliance during tax inspections, and provides them with peace of mind that they will not be subject to future tax penalties or serious sanctions that could impact their reputation.
For these clients, strict compliance with tax obligations is a critical factor in protecting their corporate image and business operations.

In my previous role as an engagement auditor, I participated in the audits of several major enterprises in Vietnam, including:

Audits of large real estate groups owning industrial parks in Dong Nai and new urban developments in Ho Chi Minh City
Audit of a state-owned construction group with multiple subsidiaries
Audit of a well-established and large-scale taxi company in Ho Chi Minh City
Audit of a long-standing agricultural processing company in Ho Chi Minh City that supplies food nationwide
Audit of a large-scale seafood processing and exporting company based in the Mekong Delta region

My responsibilities included: audit planning, risk assessment, supervising audit team members, direct communication with client management regarding audit findings, and signing audit reports.