Vietnam
Vietnam: 5 company types, its taxes, banking and business environment, and what it is known for.
Forming a company
Company types in Vietnam
The 5 forms a founder can choose here, each with its own figures. Open one for its sources.
What it is known for
Where Vietnam is in the world’s top 10 on a measure anyone can check, the best rank first. Only the top is shown; a low rank is never stated.
- World’s2ndWorld-leading exports Phones and network equipmentTelephone sets, including smartphones and other telephones for cellular networks or for other wireless networks; other apparatus for the transmission or reception of voice, images or other data, including apparatus for communication in a wired or wireless network (such as a local or wide area network), other than transmission or reception apparatus of heading 8443, 8525, 8527 or 8528US$61.8 bn · 10.4% of world exports of 224 exporters · 2024 CEPII BACI, January 2026 release See the top 10
- World’s2ndWorld-leading exports Flat-panel display modulesFlat panel display modules, whether or not incorporating touch-sensitive screensUS$28.1 bn · 25.9% of world exports of 149 exporters · 2024 CEPII BACI, January 2026 release See the top 10
- World’s2ndWorld-leading exports Computer and office-machine partsParts and accessories (other than covers, carrying cases and the like) suitable for use solely or principally with machines of headings 8470 to 8472US$23.7 bn · 15.5% of world exports of 216 exporters · 2024 CEPII BACI, January 2026 release See the top 10
- World’s7thLogistics and freight Container port traffic19.8 million TEU of 118 economies · 2021 World Bank, World Development Indicators See the top 10
A rank is among everything the source reports for that year, so it moves when the source adds or drops economies. Exports include goods passing through for re-export. Nothing here is a recommendation.
Doing business here
Business accounts
Providers whose own published list of countries names Vietnam. A listing means a company formed here may apply, not that it will be accepted.
Not in our records No provider's country list has been read for Vietnam.
EU listings
Two lists a bank checks when it opens an account for a company or its owner.
- EU high-risk third countries (AML)
- Not listed
- EU non-cooperative jurisdictions for tax purposes
- Not listedOfficial EUR-Lex, 52026XG01465, Annex I as of 2026-02-17
Official sites
The authorities’ own sites for Vietnam: where to register, file and check.
Blocs and agreements
The trade arrangements Vietnam belongs to, as each arrangement’s own texts state them: since when, and what each covers. What a membership means for a business is for you to judge.
- ASEAN Free Trade Area (ATIGA)
- Free trade area · since 17 May 2010
Covers goods.
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ASEAN means the Association of Southeast Asian Nations, which comprises Brunei Darussalam, the Kingdom of Cambodia, the Republic of Indonesia, Lao PDR, Malaysia, the Union of Myanmar,
- Regional Comprehensive Economic Partnership
- Free trade area · since 1 January 2022
Covers goods, services, investment.
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1 January 2022 Australia, Brunei Darussalam, Cambodia, China, Japan, Lao PDR, New Zealand, Singapore, Thailand, Viet Nam
- Comprehensive and Progressive Agreement for Trans-Pacific Partnership
- Free trade area · since 14 January 2019
Covers goods, services, investment, public procurement.
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any State or separate customs territory may accede to this Agreement, subject to such terms and conditions as may be agreed between the Parties and that State or separate customs territory.
Regional and customs arrangements only, 36 of them; bilateral trade agreements are not yet in our records.
Tax
Company tax
Tax, and what the company owes the registry each year.
- Corporate income tax
- 20%
- Distributions
- Not in our records
- Audit
- Not in our records
- Small-company relief
- Not in our records
- Annual obligations
- Not in our records
- Annual registry fee
- Not in our records
VAT
The tax on what the company sells in Vietnam, and when it must register, as the tax authority states it.
- Standard rate
- Not in our recordsThe tax authority’s pages have not been read for Vietnam.
Tax calendar
When the main returns and payments fall due in Vietnam, tax year 2026, as the tax authority states it.
- Corporate tax return
- 3 months after the end of the tax year · each year
Law on Tax Administration Art. 44(2)(a): the annual finalization dossier is filed at the latest on the last day of the third month from the end of the calendar or fiscal year — 31 March for a calendar year. Vietnamese: 'Chậm nhất là ngày cuối cùng của tháng thứ 3 kể từ ngày kết thúc năm dương lịch hoặc năm tài chính đối với hồ sơ quyết toán thuế năm'.
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Chậm nhất là ngày cuối cùng của tháng thứ 3 kể từ ngày kết thúc năm dương lịch hoặc năm tài chính đối với hồ sơ quyết toán thuế năm
- Corporate tax, final payment
- 3 months after the end of the tax year · each year
Law on Tax Administration Art. 55(1): where the taxpayer computes the tax, the payment deadline is at the latest the last day of the filing deadline. The annual CIT finalization dossier is due by the last day of the third month after the year end, so the balance falls due on the same day — 31 March for a calendar year.
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Trường hợp người nộp thuế tính thuế, thời hạn nộp thuế chậm nhất là ngày cuối cùng của thời hạn nộp hồ sơ khai thuế.
- Corporate tax, instalments
- Day 30 of the following month · each quarter
Law on Tax Administration Art. 55(1): corporate income tax is provisionally paid quarterly, the payment deadline being at the latest the 30th day of the first month of the following quarter — 30 April, 30 July, 30 October and 30 January. The rule records the 30th of the month following the quarter.
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Đối với thuế thu nhập doanh nghiệp thì tạm nộp theo quý, thời hạn nộp thuế chậm nhất là ngày 30 của tháng đầu quý sau.
- Personal income-tax return
- 4 months after the end of the tax year · each year
Law on Tax Administration Art. 44(2)(b): an individual who finalizes personal income tax directly files at the latest on the last day of the fourth month from the end of the calendar year — 30 April. Where an employer withholds and finalizes on the employee's behalf, the organization's deadline of the third month (31 March) applies instead.
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Chậm nhất là ngày cuối cùng của tháng thứ 4 kể từ ngày kết thúc năm dương lịch đối với hồ sơ quyết toán thuế thu nhập cá nhân của cá nhân trực tiếp quyết toán thuế
- Personal income tax, final payment
- 4 months after the end of the tax year · each year
Law on Tax Administration Art. 55(1): where the taxpayer computes the tax, the payment deadline is at the latest the last day of the filing deadline. An individual finalizing personal income tax directly has until the last day of the fourth month after the calendar year, so the balance falls due on the same day — 30 April.
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Trường hợp người nộp thuế tính thuế, thời hạn nộp thuế chậm nhất là ngày cuối cùng của thời hạn nộp hồ sơ khai thuế.
- Personal income tax, instalments
- 1 month after the end of the quarter · each quarter
Law on Tax Administration Art. 44(1)(b): a quarterly declarer files at the latest on the last day of the first month of the quarter following the quarter in which the tax obligation arises, and under Art. 55(1) the payment falls due on the same day. Individuals whose income is from salaries make no advance payments: their tax is withheld monthly by the payer (the payroll_withholding row). The rule records the last day of the month following the quarter.
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Chậm nhất là ngày cuối cùng của tháng đầu của quý tiếp theo quý phát sinh nghĩa vụ thuế đối với trường hợp khai và nộp theo quý.
- VAT return
- Day 20 of the following month · each month
Law on Tax Administration Art. 44(1)(a): a monthly declarer files at the latest on the 20th day of the month following the month in which the tax obligation arises, and under Art. 55(1) the payment falls due the same day. Decree No. 126/2020/ND-CP Art. 9(1)(a.1): a taxpayer whose turnover in the preceding year was VND 50 billion or less may declare VAT quarterly instead; the rule records the standard monthly case.
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Chậm nhất là ngày thứ 20 của tháng tiếp theo tháng phát sinh nghĩa vụ thuế đối với trường hợp khai và nộp theo tháng
- Payroll withholding
- Day 20 of the following month · each month
Law on Tax Administration Art. 44(1)(a): the monthly declaration of withheld personal income tax is filed at the latest on the 20th day of the month following the month in which the tax obligation arises; under Art. 55(1) the withheld tax is paid by the same day. An employer qualifying to declare VAT quarterly (turnover of VND 50 billion or less in the preceding year) may declare this withholding quarterly instead.
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Chậm nhất là ngày thứ 20 của tháng tiếp theo tháng phát sinh nghĩa vụ thuế đối với trường hợp khai và nộp theo tháng
Running the company
Running a company here
Not in our records The authorities’ pages on running a company have not been read for Vietnam yet.
Economy and trade
What it exports
Goods Vietnam exported, by product, as a share of its goods exports each year. Exports include goods passing through for re-export. A share describes Vietnam’s own trade; it does not compare places.
| Product (HS heading) | 2022 | 2023 | 2024 | Value, 2024 |
|---|---|---|---|---|
| Telephone sets, including smartphones and other telephones for cellular networks or for other wireless networks; other apparatus for the transmission or reception of voice, images or other data, including apparatus for communication in a wired or wireless network (such as a local or wide area network), other than transmission or reception apparatus of heading 8443, 8525, 8527 or 8528 HS 8517 | 15.5% | 15.6% | 12.2% | US$61.8 bn |
| Automatic data-processing machines and units thereof; magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data, not elsewhere specified or included HS 8471 | 1.9% | 4.2% | 6.6% | US$33.5 bn |
| Electronic integrated circuits HS 8542 | 4.8% | 4.2% | 6.3% | US$32.1 bn |
| Flat panel display modules, whether or not incorporating touch-sensitive screens HS 8524 | 5.7% | 5.1% | 5.6% | US$28.1 bn |
| Parts and accessories (other than covers, carrying cases and the like) suitable for use solely or principally with machines of headings 8470 to 8472 HS 8473 | 2.6% | 2.5% | 4.7% | US$23.7 bn |
| Footwear with outer soles of rubber, plastics, leather or composition leather and uppers of textile materials HS 6404 | 3.5% | 2.9% | 2.7% | US$13.6 bn |
| Parts suitable for use solely or principally with the apparatus of headings 8524 to 8528 HS 8529 | 1.3% | 1.4% | 2.2% | US$11.3 bn |
| Footwear with outer soles of rubber, plastics, leather or composition leather and uppers of leather HS 6403 | 2.2% | 2.3% | 2.2% | US$11.3 bn |
| Other furniture and parts thereof HS 9403 | 2.3% | 2.0% | 2.0% | US$10.3 bn |
| Microphones and stands therefor; loudspeakers, whether or not mounted in their enclosures; headphones and earphones, whether or not combined with a microphone, and sets consisting of a microphone and one or more loudspeakers; audio-frequency electric amplifiers; electric sound amplifier sets HS 8518 | 0.91% | 1.1% | 1.8% | US$9.3 bn |
Total goods exports, 2024: US$505 bn. The ten largest headings are shown.