Vietnam corporate tax rate
Standard statutory corporate income tax rate on business profits.
| Current value | 20 percent |
|---|---|
| In force from | 2025-10-01 |
| Official source | Luat Thue thu nhap doanh nghiep so 67/2025/QH15, thong qua ngay 14/6/2025, hieu luc thi hanh tu ngay 01/10/2025 va ap dung tu ky tinh thue thu nhap doanh nghiep nam 2025 (replaces Luat Thue TNDN so 14/2008/QH12 as amended) |
| Last verified | 2026-07-20 |
| Verification | primary — No verification limitation recorded — read from the official source cited. |
| Provenance | source fingerprint |
What this value means
20% is the standard NOMINAL rate and is served as such. Law 67/2025/QH15 restructured the rate schedule and, for the first time, introduced statutory turnover-banded reduced rates for smaller enterprises: 15% where total annual revenue does not exceed 3 billion VND, and 17% where revenue is above 3 billion and up to 50 billion VND. Eligibility is tested on the revenue of the PRECEDING tax period, and the reduced rates are excluded for enterprises related to a group whose combined revenue breaches the thresholds - so they are a genuine small-business schedule, not a universal graduation. HIGHER RATES apply to extractive activity and are unchanged in character from the old law: 25%-50% for oil and gas exploration and extraction, set per contract by the Prime Minister on the basis of location and reserves, and 40%-50% for rare and precious natural resources (platinum, gold, silver, tin, tungsten, antimony, gemstones, rare earths). Do not blend any of these into the headline. Vietnam separately applies the OECD Pillar Two global minimum tax at a 15% effective rate to in-scope multinational groups (consolidated revenue at least EUR 750m in 2 of the preceding 4 years) under Nghi quyet 107/2023/QH15, via a Qualified Domestic Minimum Top-up Tax from FY2024 - this is a top-up mechanism sitting above the CIT, not a change to the 20% statutory rate, and it materially erodes the value of Vietnam's incentive regime for large foreign investors. Statutory incentive rates of 10%, 15% and 17% for qualifying sectors and locations (hi-tech, software, education, healthcare, environment, difficult socio-economic areas), together with tax holidays and 50%-reduction periods, remain available and can lower an effective rate far below 20%; document those per-taxpayer rather than adjusting the headline. Because the law took effect 1 October 2025 but applies FROM THE 2025 TAX PERIOD, calendar-year taxpayers apply it to the whole of FY2025 - effective_from is set to the legal entry-into-force date, not the tax-period start.
Get it programmatically
curl https://asiaref.dev/v1/vn/corporate-tax
# $0.001 per call — x402 on Base (USDC). No key, no signup.
# History: curl https://asiaref.dev/v1/vn/corporate-tax/history?from=2020-01-01
# Provenance: curl https://asiaref.dev/provenance/vn/corporate-taxOther Vietnam series: policy interest rate · VAT rate · minimum wage · public holidays · inflation rate (CPI) · income tax rates