The standard rate of Vietnam corporate income tax is 20%. Corporate Income Tax Law 67/2025/QH15 was passed and took effect on 1 October 2025, and Decree 320/2025/ND-CP took effect on 15 December 2025. The structure under which industrial park tenants received a 2-year exemption and a 4-year 50% reduction simply for locating in an industrial park ended with this decree. Industrial parks are not among the incentive regions under Article 12(3) of the Law.
Key takeaways
- Standard rate 20% (from 1 October 2025)
- Automatic reductions for industrial parks ended (from 15 December 2025)
- Incentive regions: economic zones, high-tech zones, etc. (industrial parks excluded)
- Global minimum tax 15%: groups with consolidated revenue of 750 million EUR or more, from 15 October 2025
- VAT 0%: sales to EPE buyers for export production
On this page
Investors reviewing factory relocation who assumed a 2-year corporate income tax exemption merely from locating in an industrial park are now wrong. Whether it actually applies depends on the site, the sector, and whether the company is an existing beneficiary.
vietnam corporate income tax rates vary by revenue size
Rates effective from 1 October 2025 (luatvietnam.vn, as of 1 October 2025). Companies with annual revenue of VND 3 billion or less pay 15%, those in the VND 3-5 billion band pay 17%, and those above pay 20%. Oil and gas is taxed at 25%-50%.
| Category | Rate |
|---|---|
| Annual revenue of VND 3 billion or less | 15% |
| Annual revenue of VND 3-5 billion | 17% |
| Standard | 20% |
| Oil and gas | 25%-50% |
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vietnam tax incentives: where to get them now
Article 13(1) of the Law provides 10% for 15 years; Article 13(4) provides 17% for 10 years. Article 14(1) provides an exemption of up to 4 years plus a 50% reduction for up to 9 years; Article 14(2) provides a 2-year exemption and a 4-year 50% reduction on income under Article 13(4). Incentive areas under Article 12(3) of the Law are especially difficult areas, difficult areas, economic zones, high-tech zones, high-tech agricultural zones and concentrated digital technology zones. Industrial parks are not on this list. Existing beneficiaries are protected by grandfathering.
| Incentive | Details |
|---|---|
| Article 13(1) | 10% for 15 years |
| Article 13(4) | 17% for 10 years |
| Article 14(1) | Up to 4-year exemption + up to 9-year 50% reduction |
| Article 14(2) | 2-year exemption + 4-year 50% reduction |
Vietnam VAT: 0% rate on export production sales
VAT Law 48/2024/QH15 is in force. Under Article 9 of the Law, goods sold to buyers in non-tariff zones (EPE) for export production are subject to a 0% rate. Check the supply chain and the buyer type in the contract first.
global minimum tax vietnam: who is affected
Groups with consolidated revenue of 750 million EUR (877.87 million USD) or more are subject to the 15% global minimum tax from 15 October 2025 (en.vietnamplus.vn, as of 15 October 2025). SMEs and single entities usually fall outside this scope. The proposed 2025 extension of tax and land-rent payment deadlines amounts to 114.789,6 ty dong (baochinhphu.vn, 2025).
Common mistakes in Vietnam's tax system
A large share of Korean- and Chinese-language content still writes "industrial park = 2-year exemption + 4-year 50%". This no longer matches the position after 15 December 2025.
The investment support fund exists under Article 16 of Law 143/2025, but the criteria under Decree 182/2024 are not verified in this article.
Tax-registered closures rose by about 30% compared with year-end (chaovietnam.co.kr, as of end-August 2026).
FAQ
Q. Do industrial park companies still get a 2-year exemption?
A. No. From 15 December 2025, under Decree 320/2025/ND-CP, locating in an industrial park no longer brings an automatic reduction. Existing beneficiaries may be protected by grandfathering.
Q. What is the rate for companies with annual revenue of VND 3 billion or less?
A. 15%. The VND 3-5 billion band is 17%, and the standard rate is 20%.
Q. Is VAT 0% on sales to an EPE?
A. A 0% rate applies to goods sold to buyers in non-tariff zones (EPE) for export production. Check the contract and supply chain structure first.
Q. Does the global minimum tax apply to all companies?
A. No. It applies to groups with consolidated revenue of 750 million EUR or more.
Before paying, confirm these three points in writing. First, whether the current site qualifies as an incentive region. Second, whether the 0% VAT rate actually applies in the EPE sales structure. Third, whether the group is subject to the global minimum tax. Contact the Korean desk by chat and we will send the corporate income tax and VAT checklist. Tax decisions must always be confirmed with a licensed tax advisor.
