Vietnam: Tax incentives for “International Financial Centres”

Effective September 1, 2025

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June 27, 2025

The National Assembly on June 27, 2025, passed a resolution regarding “International Financial Centres” (IFCs), which aim to enable the development of growing cities, such as Ho Chi Minh City and Da Nang City.

The resolution, effective September 1, 2025, introduces several tax incentives:

  • IFC members will benefit from a corporate income tax rate of 10% for 30 years, with an exemption for up to four years and a 50% reduction for the subsequent nine years for encouraged business sectors. Other sectors will qualify for a 15% corporate income tax rate for 15 years, with an exemption for up to two years and a 50% reduction for the subsequent four years.
  • Experts working in IFCs will be exempt from individual (personal) income tax on salaries for work performed in an IFC until 2030.
  • Share transfers and transfers of capital contribution rights may be exempted from individual income tax until 2030.

Read a June 2025 report prepared by the KPMG member firm in Vietnam

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