Tax Incentives in Vietnam

Published: December 2017

In this issue of Vietnam Briefing, we discuss the importance of taxation to new investment projects and outline the role that corporate tax incentives can play in reducing costs in Vietnam. We highlight Vietnam’s current preferential tax rates and tax holidays, analyze the situations under which companies can qualify for incentives, and finally provide expert commentary on tax incentive applications.

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  • No. of Pages: 12 pages

In this issue:

  • Tax Competitiveness in Vietnam
  • Tax Incentives Offered in Vietnam
  • Applying for Investment Incentives in Vietnam

Foreign investors considering the Vietnamese market are often drawn by its competitive costs. Vietnam’s low wages have traditionally provided these cost savings; however, the country has also quietly developed one of the most competitive tax regimes thorough Southeast Asia. Vietnam’s tax incentives are a standout feature of the tax regime, and are applied to a variety of industries and projects throughout the country.

Vietnam’s tax incentives, while attractive on paper, can present challenges to investors unfamiliar with the country’s legal system. Foreign investors keen on investing in Vietnam and securing investment incentives must be sure to understand the incentives that Vietnam currently offers, which will provide the best saving for them over the duration of their project, and the requirements that they will face when apply for these incentives.

In this issue of Vietnam Briefing, we discuss the importance of taxation to new investment projects and outline the role that corporate tax incentives can play in reducing costs in Vietnam. We highlight Vietnam’s current preferential tax rates and tax holidays, analyze the situations under which companies can qualify for incentives, and finally provide expert commentary on tax incentive applications.

Dezan Shira & Associates has a growing team of pre market entry and tax specialists throughout Vietnam, providing our clients with years of combined experience assisting foreign enterprises to navigate the nuances of the Vietnamese market and select optimal structures to reduce their costs. Please contact us with any questions on tax liabilities, eligibility of specific business lines for tax incentives, and tax incentive applications.


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