Vietnam: Tax incentives available under new international financial centers regime
International financial centers may be created in Ho Chi Minh City and Da Nang.
The National Assembly on June 27, 2025, passed Resolution 222/2025/QH15, establishing the legal framework for the creation of international financial centers (IFCs) in Ho Chi Minh City and Da Nang, offering the following incentives for businesses and professionals:
- Corporate income tax (CIT): 10% CIT rate for up to 30 years, CIT exemption for up to four years, and 50% CIT reduction for up to nine subsequent years
- Individual (personal) income tax: Exemption for certain individuals working at IFCs, valid until the end of 2030
- Accounting policies: Flexible standards, including the option to apply International Accounting Standards or other Generally Accepted Accounting Principles frameworks
Read a September 2025 report prepared by the KPMG member firm in Vietnam