How to Verify a Vietnamese Supplier Before Sending Payment
Vietnamese supplier verification has improved sharply since the NBRS (National Business Registration System) went live. Here is the workflow and the tax-code cross-check that filters most shells.
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Vietnam has become a top-5 sourcing destination for buyers diversifying away from China. The verification infrastructure has matured to support this, though the workflow differs from neighbouring corridors.
The authoritative source
The National Business Registration System (NBRS), operated by the Business Registration Office under the Ministry of Planning and Investment, is the statutory register. The public portal is at dangkykinhdoanh.gov.vn. Every Vietnamese enterprise — joint stock companies (JSC), limited liability companies (LLC), partnerships — is registered there.
The Enterprise Registration Certificate
Each enterprise has an Enterprise Registration Certificate (ERC) with:
- Enterprise Code (Mã số doanh nghiệp) — typically a 10-digit number, also used as the tax code.
- Legal name in Vietnamese and English.
- Charter capital.
- Legal representative.
- Registered head office address.
- Business lines (with industry codes per VSIC 2018).
The tax-code check
The Enterprise Code doubles as the tax code. The General Department of Taxation portal lets you confirm the enterprise is an active taxpayer. A registered enterprise with no active tax record is non-operational.
Charter capital vs paid-in
Vietnamese law allows charter capital to be paid in over 90 days from incorporation. Verify both the committed charter capital and the paid-in portion. A supplier asking for a large deposit, where charter capital was never fully paid in, is over-extended.
Conflicts of interest: none disclosed. Last reviewed May 29, 2026.
Marcus is KeyBS Trust's senior compliance lead. Before joining, he ran sanctions screening operations at two EU EMIs and advised on AML controls for cross-border payment corridors into China, Hong Kong, and Vietnam.
View profileElena owns editorial governance and operational risk review for KeyBS Trust Intelligence. She approves every published article and chairs the methodology review board.
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