Over the years, Vietnam’s success in attracting foreign investment has largely been built on the expectation of economic and political stability
The business and investment climate in Vietnam has improved by issuing positive legislative measures combined with Vietnam’s accession to the World Trade Organization
JOINT VENTURES AND WHOLLY FOREIGN INVESTED ENTERPRISES (FIES)
Find out about the various business structures available in Vietnam and the restrictions involved
Vietnam is a development success story. Political and economic reforms (Doi Moi) launched in 1986 have transformed the country from one of the poorest in the world, with per capita income around $100, to lower middle income status within a quarter of a century with per capita income of...
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Vietnam is a densely-populated developing country that has been transitioning from the rigidities of a centrally-planned economy since 1986. Vietnamese authorities have reaffirmed their commitment to economic modernization in recent years. Vietnam joined the World Trade Organization in January 2007, which has promoted more competitive, export-driven industries.
Vietnam personal income tax rates are progressive to 35% Non-residents are taxed at a flat rate of 20%. Nonemployment income is taxed at rates from 0.1% to 25%
The Sales Tax Rate (VAT) in Vietnam stands at 10 percent.
Vietnam Value Added Tax is calculated based on the added value from each stage of the supply chain, from manufacturing to distribution and consumption.