Your Business Expansion Expert in
Vietnam

Vietnam has introduced a 30% reduction in corporate income tax (CIT) payable for eligible enterprises with annual revenue of no more than VND 10 billion. Established under Resolution 43/2026/QH16, the relief applies to the 2026 and 2027 tax periods, with eligibility assessed separately for each year. For foreign-invested businesses, the opportunity starts with understanding how…

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October brings two compliance priorities into focus for foreign-invested businesses in Vietnam: preparing for a new foreign-worker framework and reviewing beneficial ownership declarations. Decree No. 393/2026/ND-CP, issued on 20 October and effective from 5 December 2026, introduces changes affecting foreign-worker eligibility, exemptions and employment arrangements. Meanwhile, targeted reviews of beneficial ownership declarations highlight the importance…

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Business or Commercial contracts support every stage of a business’s operations in Vietnam, from appointing suppliers and distributors to securing premises and engaging service providers. Clear agreements help businesses protect cash flow, maintain operational continuity and manage their commercial relationships with confidence. For FDIs businesses, challenges often arise when global contract templates do not reflect…

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Vietnam tax compliance mistakes can arise even when foreign-invested companies submit every return on time. Gaps in transfer pricing documentation, tax incentive eligibility, expatriate payroll and cross-border payments can leave businesses exposed. This guide examines seven common mistakes and the practical controls management should review. Common Vietnam Tax Compliance Mistakes and Their Business Impact A…

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Vietnam’s removal from the EU list of non-cooperative jurisdictions for tax purposes is a positive development for businesses with operations connecting Vietnam and Europe. However, the practical implications depend on how the relevant EU Member State applies its domestic tax rules. For foreign-invested enterprises and multinational groups, the immediate task is to identify whether Vietnam’s…

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VAT refunds in Vietnam can have a significant effect on working capital, particularly for exporters and foreign-invested businesses during the investment stage. In practice, however, accumulating input VAT is only the first step. Whether a business can obtain a refund, and how long the process takes, depends on the type of claim, the business’s risk…

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