Vietnam
Top Income Tax
35%
Marginal rate
Corporate Tax
20%
Standard rate
VAT / Sales Tax
10%
Standard rate
Capital Gains
20%
Standard rate
Overview
Vietnam offers one of the lowest costs of living in Asia with a growing economy. The 20% corporate tax rate and investment incentives attract foreign businesses. Ho Chi Minh City and Hanoi are popular with digital nomads despite the lack of a formal nomad visa.
Income Tax Brackets
| Income Range (VND) | Tax Rate |
|---|---|
| 0 - 5,000,000 | 5% |
| 5,000,000 - 10,000,000 | 10% |
| 10,000,000 - 18,000,000 | 15% |
| 18,000,000 - 32,000,000 | 20% |
| 32,000,000 - 52,000,000 | 25% |
| 52,000,000 - 80,000,000 | 30% |
| 80,000,000+ | 35% |
VND amounts per month. Foreign contractors may have different withholding rules.
Corporate Tax
Standard Rate
20%
20% standard. Incentive rates of 10-17% available for specific sectors and zones.
VAT / Sales Tax
Standard Rate
10%
Reduced Rates
5%
5% on essential goods. 0% on exports.
Capital Gains Tax
Standard Rate
20%
20% on gains or 0.1% of gross transfer value for securities.
Social Security Contributions
Employee
10.5%
Employer
21.5%
Self-Employed
0%
Covers social insurance, health, unemployment. Foreigners contribute partially.
Pros & Cons
Pros
- Extremely low cost of living
- Growing economy
- Low corporate tax with incentives
- Vibrant expat community in HCMC
Cons
- No digital nomad visa
- Complex visa regulations
- 35% top income tax
- Limited English in government
- Infrastructure still developing
Living Indicators
Cost of Living Index
Very affordable
Quality of Life Index
Average
Best For
Data Sources
Tax rate data for Vietnam is compiled from the following authoritative sources:
- OECD Tax Database
- Tax Foundation International Tax Competitiveness Index
- World Bank Business Enabling Environment
- Vietnam government tax authority publications
- PwC Worldwide Tax Summaries
Last verified: 2024-01
Disclaimer: This content is for informational purposes only and does not constitute tax advice. Tax laws change frequently. Always consult a qualified tax professional before making decisions about your tax residency or obligations.