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Economic and Market Potential
Vietnam has experienced rapid economic growth, making it one of Southeast Asia’s fastest-growing economies with ample market opportunities. With a population of over 100 million and a high proportion of young people, Vietnam offers a large workforce and extensive consumer market. The country actively participates in trade agreements including RCEP and various bilateral FTAs, expanding market access.
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Cost Efficiency and Investment Environment
Vietnam has relatively low labor costs compared to many Asian countries, making it attractive for manufacturing and labor-intensive industries. The government offers tax incentives for businesses in Special Economic Zones and Investment Promotion Zones, including corporate tax reductions and tax holidays. Ongoing reforms are streamlining company registration and improving the regulatory framework to attract foreign investment.
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Infrastructure and Logistics
Vietnam’s infrastructure is continuously improving with modern highways, railways, ports, and airports. Major ports including Ho Chi Minh City Port and Haiphong Port support robust international trade. The country is developing its logistics network with logistics parks and warehousing facilities to enhance supply chain efficiency. Numerous industrial parks and economic zones offer quality infrastructure, tax incentives, and supportive services.
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Policy Support and Government Initiatives
The Vietnamese government actively promotes FDI through subsidies, tax reductions, and land use incentives. Recent economic reforms have improved the business environment by simplifying administrative procedures and reducing bureaucratic obstacles. Strategic initiatives such as the Vietnam 2035 Vision aim to modernize the economy and promote high-tech industries, providing long-term growth opportunities for businesses.
Tax Info
Enter Dynamic Page- General CIT Rate
- 20
- CIT Return Due Date
- For CIT finalisation, the due date is the last day of the 3rd month of the following financial year.
- CIT Payment Due Date
- The same as the deadline for submission of the final CIT return (i.e. the last day of the 3rd month of the following financial year).
- CIT Estimated Payment Due Date
- Quarterly payments must be made no later than the 30th day of the next quarter.
- Resident Withholding Tax (Dividend/Interest/Royalty)
- 0/5/10
- Non-Resident Withholding Tax (Dividend/Interest/Royalty)
- 0/5/10
- General VAT Rate
- 10%
- General Capital Gain Tax Rate
- Vietnamese companies: capital gains taxed at the standard 20% CIT rate. Foreign sellers: from December 15, 2025, capital transfers generally subject to 2% CIT on sale proceeds. Securities transfers by foreign entities: 0.1% CIT on total sales proceeds.
- Composite Effective Average Tax Rate
- N/A
- Composite Effective Marginal Tax Rate
- N/A
Administrative Regions
- 01 - Lai Châu
- 02 - Lào Cai
- 03 - Hà Giang
- 04 - Cao Bằng
- 05 - Sơn La
- 06 - Yên Bái
- 07 - Tuyên Quang
- 09 - Lạng Sơn
- 13 - Quảng Ninh
- 14 - Hòa Bình
- 15 - Hà Tây
- 18 - Ninh Bình
- 20 - Thái Bình
- 21 - Thanh Hóa
- 22 - Nghệ An
- 23 - Hà Tĩnh
- 24 - Quảng Bình
- 25 - Quảng Trị
- 26 - Thừa Thiên-Huế
- 27 - Quảng Nam
- 28 - Kon Tum
- 29 - Quảng Ngãi
- 30 - Gia Lai
- 31 - Bình Định
- 32 - Phú Yên
- 33 - Đắk Lắk
- 34 - Khánh Hòa
- 35 - Lâm Đồng
- 36 - Ninh Thuận
- 37 - Tây Ninh
- 39 - Đồng Nai
- 40 - Bình Thuận
- 41 - Long An
- 43 - Bà Rịa-Vũng Tàu
- 44 - An Giang
- 45 - Đồng Tháp
- 46 - Tiền Giang
- 47 - Kiên Giang
- 49 - Vĩnh Long
- 50 - Bến Tre
- 51 - Trà Vinh
- 52 - Sóc Trăng
- 53 - Bắc Kạn
- 54 - Bắc Giang
- 55 - Bạc Liêu
- 56 - Bắc Ninh
- 57 - Bình Dương
- 58 - Bình Phước
- 59 - Cà Mau
- 61 - Hải Dương
- 63 - Hà Nam
- 66 - Hưng Yên
- 67 - Nam Định
- 68 - Phú Thọ
- 69 - Thái Nguyên
- 70 - Vĩnh Phúc
- 71 - Điện Biên
- 72 - Đắk Nông
- 73 - Hậu Giang
- DN - Da Nang
- HN - Hanoi
- HP - Haiphong
- SG - Ho Chi Minh City
Belonging Jurisdiction
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ASEAN - Association of Southeast Asian Nations
Association of Southeast Asian NationsLearn MoreAssociation of Southeast Asian Nations -
VN - Vietnam
Socialist Republic of VietnamLearn MoreSocialist Republic of Vietnam -
WORLD - Global
EarthLearn MoreEarth
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