Vietnam Corporate Income Tax
Detailed corporate income tax rates and rules for Vietnam in 2026.
Vietnam's standard corporate income tax (CIT) rate is 20%. Preferential rates of 10%, 15%, and 17% are available for enterprises operating in encouraged sectors, special economic zones, or disadvantaged areas. Oil and gas companies pay rates of 32-50% depending on the project. New investments in priority sectors may receive 2-4 year tax holidays and 50% reductions for 4-9 additional years. SMEs with annual revenue under VND 3 billion may qualify for a reduced rate.
Standard Rate
20%
Small Business Rate
15%
Additional Notes
Vietnam has been actively courting foreign direct investment with tax incentives. However, with the implementation of the OECD Global Minimum Tax (Pillar Two) from 2024, Vietnam has introduced a qualified domestic minimum top-up tax (QDMTT) to ensure that large multinationals pay at least 15% effective tax. Additional incentives include accelerated depreciation and R&D deductions.
How Vietnam Corporate Tax compares
Vietnam’s corporate tax rate of 20% is the 127th highest of 203 countries TaxAtlas tracks, below the global average of 22.2% and Asia’s regional average of 19.7%.
