1、VIETNAM:MARKET ENTRY GUIDE LEGAL AND TAX ESSENTIALS FOR FOREIGN INVESTORSPrepared in collaboration with Investment Promotion Agency of Da NangThis guide answers key questions foreign investors may have about entering Vietnams market.1.WHY INVEST IN VIETNAM?What makes Vietnam an attractive destinatio

2、n for investment?Vietnam offers a compelling mix of economic growth,strategic location,and government incentives.Economic Growth:Stable GDP growth(6-7%annually pre-COVID,rebounding post-2020).Strategic Location:Central in ASEAN,with access to major shipping routes and proximity to China,Japan,and So

3、uth Korea.Young Workforce:Over 50%of the population is under 35,with a literacy rate above 95%.Trade Agreements:Member of 17 Free Trade Agreements(FTAs),reducing tariffs with major economies(e.g.,EU,CPTPP,RCEP).Government Incentives:Tax breaks,land lease exemptions,and import duty relief for priorit

4、y sectors.What tax and investment incentives are available?Vietnam provides incentives to attract investment in,among others,high-tech,manufacturing,and also in underdeveloped regions.Incentive TypeDetailsCorporate Income Tax(CIT)Standard rate:20%Preferential rates:10%or 15%for 15 years for projects

5、 in high-tech zones,economic zones,or specific sectors(e.g.,renewable energy,software production).Tax holiday:possible 4 year exemption plus 5-9 years with half reduction Loss carried forward:five yearsImport Duty Exemptions Exemptions for machinery,raw materials for production,and goods for researc

6、h.High-tech enterprises:5-year exemption on non-domestically produced raw materials.Land Lease Exemptions Full exemption for projects in special incentive sectors or high-tech zones.Excludes commercial/service land or mineral exploitation projects.QQPage 2What are the special incentives in Da Nang?D