Frequently Asked Questions
The main taxes in Vietnam include corporate income tax (CIT), value-added tax (VAT), personal income tax (PIT), and business license tax. Other taxes that may occur include foreign contractor and import-export taxes.
There are four types of entities: Limited Liability Company (LLC), Joint-stock Company (JSC), Branch Office and Representative Office.
Although local laws don’t stipulate any minimum capital, 25-30,000 USD is commonly considered as the minimum capital investors should register to ensure smooth incorporation and business activities.
Yes. The Vietnamese law enables foreigners to open 100% foreign-owned companies in most business sectors. There are a few business sectors that you are restricted from, namely the following:
- Drugs and narcotics,
- Hazardous chemicals and minerals,
- Range of specimens of endangered flora and fauna
- Human trafficking, sale of human body parts and tissue,
- Human cloning or asexual reproduction.