Vietnam: Tax incentives for investments in industries

Corporate income tax incentives for investments made in certain industries

Corporate income tax incentives for investments made in certain industries

There are tax incentives with regard to investments made in certain industries.

Specifically, the corporate income tax incentives for investments made in certain manufacturing industry sectors can include:

  • An incentive rate of corporate income tax of 10% for 15 years, beginning from the year revenue is generated
  • A tax exemption for four years from the year taxable when income is derived
  • A 50% reduction in the amount of corporate income tax payable for nine subsequent years

There are also provisions to address the effects of subsequent legislation and the implications for these tax incentives.

Read a June 2021 report prepared by the KPMG member firm in Vietnam


The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.