As a member of the WTO, Vietnam applies a unified tax standard for both domestic and foreign-invested enterprises. Different tax rates and preferential periods are implemented for projects in various sectors.

Trade Tensions Escalate

The new Value-Added Tax (VAT) Law of the People’s Republic of China, approved on December 25, 2024, by the Standing Committee of the 14th National People’s Congress (NPC), will come into effect on January 1, 2026. This updated law aims to streamline and re...