General Secretary Nguyen Phu Trong hails Vietnam - US ties

General Secretary of the Communist Party of Vietnam Nguyen Phu Trong has expressed his pleasure at the multifaceted cooperation between Vietnam and the US

Prime Minister Nguyen Tan Dung met with Secretary Kerry

Prime Minister Nguyen Tan Dung has affirmed that Vietnam is ready to work closely with the US in negotiations for a Trans-Pacific Partnership (TPP) agreement

Deputy Prime Minister Pham Binh Minh held talks with Secretary Kerry

Deputy Prime Minister and Foreign Minister Pham Binh Minh has affirmed that Vietnam treasures its ties with the US and suggested the two sides increase the exchange of delegations at all levels. 

US Trade Representative M. Froman visits Vietnam

President Truong Tan Sang has told US Trade Representative Michael B. G. Froman that Vietnam will exert every effort to push up the signing of the Trans-Pacific Partnership (TPP) that involves both Vietnam and the US. 

Vietnam has 16,098 students in US

The number of Vietnamese students in the US in the 2012-2013 academic year increased by 3.4 percent year-on-year, to 16,098, according to an Open Doors Report on International Educational Exchange released by the US International Institute of Education on November 11. 

Vietnam joins the UN Convention against Torture and Other Cruel, Inhuman or Degrading Treatment or Punishment

Vietnam became the latest country to join the 1984 United Nations Convention against Torture and Other Cruel, Inhuman or Degrading Treatment or Punishment (UNCAT)

Vietnam, US hold defense dialogue

The fourth defence policy dialogue between Vietnam and the US at the deputy ministerial level was held in Washington on October 28-29. 

Vietnam Airlines, GE seal 1.7b USD deal for 40 jet engines

National flag carrier Vietnam Airlines has signed a 1.7 billion USD contract to purchase 40 GEnx engines from General Electric (GE) Aviation to power its fleet. 

Tax affecting foreigners doing business in Vietnam


These are the following taxes that may affect foreigners while conducting business in Vietnam:

-        Corporate Income Tax

-        Capital Transfer Tax

-        Value-Added Tax

-        Personal Income Tax


1. Corporate Income Tax (CIT)

CIT rates:



If the newly established enterprise is





The promulgation of the investment regime on July 1st, 2006 is a significant improvement of the legal environment in regards to investment activities and corporate governance in Vietnam. It consists of two important legislations: (1) A unified Enterprise Law to regulate corporations, and (2) a common Investment Law to regulates investment.


1.     Overview
Investors may only invest accordingly under these two legislations. Under the Investment Law, the sectors permitted for investment are: