diff --git a/pcsx2/Counters.cpp b/pcsx2/Counters.cpp
index 70226b3bd0..33034de1d9 100644
--- a/pcsx2/Counters.cpp
+++ b/pcsx2/Counters.cpp
@@ -162,6 +162,24 @@ static __fi void cpuRcntSet()
 	cpuSetNextEvent(nextsCounter, nextCounter); // Need to update on counter resets/target changes
 }
 
+
+struct vSyncTimingInfo
+{
+	double Framerate;       // frames per second (8 bit fixed)
+	GS_VideoMode VideoMode; // used to detect change (interlaced/progressive)
+	u32 Render;             // time from vblank end to vblank start (cycles)
+	u32 Blank;              // time from vblank start to vblank end (cycles)
+
+	u32 GSBlank;            // GS CSR is swapped roughly 3.5 hblank's after vblank start
+
+	u32 hSyncError;         // rounding error after the duration of a rendered frame (cycles)
+	u32 hRender;            // time from hblank end to hblank start (cycles)
+	u32 hBlank;             // time from hblank start to hblank end (cycles)
+	u32 hScanlinesPerFrame; // number of scanlines per frame (525/625 for NTSC/PAL)
+};
+
+static vSyncTimingInfo vSyncInfo;
+
 void rcntInit()
 {
 	int i;
@@ -180,9 +198,16 @@ void rcntInit()
 	counters[2].interrupt = 11;
 	counters[3].interrupt = 12;
 
+	std::memset(&vSyncInfo, 0, sizeof(vSyncInfo));
+
+	gsVideoMode = GS_VideoMode::Uninitialized;
+	gsIsInterlaced = VMManager::Internal::IsFastBootInProgress();
+
 	hsyncCounter.Mode = MODE_HRENDER;
 	hsyncCounter.sCycle = cpuRegs.cycle;
+	vsyncCounter.CycleT = vSyncInfo.hRender;
 	vsyncCounter.Mode = MODE_VRENDER;
+	vsyncCounter.CycleT = vSyncInfo.Render;
 	vsyncCounter.sCycle = cpuRegs.cycle;
 
 	for (i = 0; i < 4; i++)
@@ -190,23 +215,6 @@ void rcntInit()
 	cpuRcntSet();
 }
 
-struct vSyncTimingInfo
-{
-	double Framerate;       // frames per second (8 bit fixed)
-	GS_VideoMode VideoMode; // used to detect change (interlaced/progressive)
-	u32 Render;             // time from vblank end to vblank start (cycles)
-	u32 Blank;              // time from vblank start to vblank end (cycles)
-
-	u32 GSBlank;            // GS CSR is swapped roughly 3.5 hblank's after vblank start
-
-	u32 hSyncError;         // rounding error after the duration of a rendered frame (cycles)
-	u32 hRender;            // time from hblank end to hblank start (cycles)
-	u32 hBlank;             // time from hblank start to hblank end (cycles)
-	u32 hScanlinesPerFrame; // number of scanlines per frame (525/625 for NTSC/PAL)
-};
-
-static vSyncTimingInfo vSyncInfo;
-
 static void vSyncInfoCalc(vSyncTimingInfo* info, double framesPerSecond, u32 scansPerFrame)
 {
 	constexpr double clock = static_cast<double>(PS2CLK);
diff --git a/pcsx2/Hw.cpp b/pcsx2/Hw.cpp
index 7b61133d59..61fa2b0dfa 100644
--- a/pcsx2/Hw.cpp
+++ b/pcsx2/Hw.cpp
@@ -40,19 +40,19 @@ void hwReset()
 	psHu32(DMAC_ENABLEW) = 0x1201;
 	psHu32(DMAC_ENABLER) = 0x1201;
 
+	rcntInit();
+
 	// Sets SPU2 sample rate to PS2 standard (48KHz) whenever emulator is reset.
 	// For PSX mode sample rate setting, see HwWrite.cpp
 	SPU2::Reset(false);
 
 	sifReset();
-
 	gsReset();
 	gifUnit.Reset();
 	ipuReset();
 	vif0Reset();
 	vif1Reset();
 	gif_fifo.init();
-	rcntInit();
 	USBreset();
 }
 
diff --git a/pcsx2/VMManager.cpp b/pcsx2/VMManager.cpp
index 47a0d3afb2..1cbf758117 100644
--- a/pcsx2/VMManager.cpp
+++ b/pcsx2/VMManager.cpp
@@ -1240,6 +1240,14 @@ bool VMManager::Initialize(VMBootParameters boot_params)
 	s_target_speed = GetTargetSpeedForLimiterMode(s_limiter_mode);
 	s_use_vsync_for_timing = false;
 
+	s_cpu_implementation_changed = false;
+	s_cpu_provider_pack->ApplyConfig();
+	SetCPUState(EmuConfig.Cpu.sseMXCSR, EmuConfig.Cpu.sseVU0MXCSR, EmuConfig.Cpu.sseVU1MXCSR);
+	SysClearExecutionCache();
+	memBindConditionalHandlers();
+	SysMemory::Reset();
+	cpuReset();
+
 	Console.WriteLn("Opening GS...");
 	s_gs_open_on_initialize = MTGS::IsOpen();
 	if (!s_gs_open_on_initialize && !MTGS::WaitForOpen())
@@ -1338,13 +1346,6 @@ bool VMManager::Initialize(VMBootParameters boot_params)
 	s_mxcsr_saved = static_cast<u32>(a64_getfpcr());
 #endif
 
-	s_cpu_implementation_changed = false;
-	s_cpu_provider_pack->ApplyConfig();
-	SetCPUState(EmuConfig.Cpu.sseMXCSR, EmuConfig.Cpu.sseVU0MXCSR, EmuConfig.Cpu.sseVU1MXCSR);
-	SysClearExecutionCache();
-	memBindConditionalHandlers();
-	SysMemory::Reset();
-	cpuReset();
 	hwReset();
 
 	Console.WriteLn("VM subsystems initialized in %.2f ms", init_timer.GetTimeMilliseconds());