A proposal was submitted to the Vietnam National Assembly on 3 November 2014, introducing a 30 year reduced corporate tax rate of 10% for eligible investments. Eligible foreign direct investments include:
- Investments in pioneer technologies used for the first time in SE Asia or Vietnam
- Investments in companies with a minimum turnover of VND 20 trillion
- Investments in export-processing companies with at least 6,000 employees
The standard corporate tax rate in Vietnam is 22%. Similar curren…