The corporate income tax table applicable in Vietnam from January 01, 2014

Tax rates

From January 01, 2014 - before January 01, 2016

From January 01, 2016

Ordinary tax

22%

20%

Preferential tax

People's credit funds and microfinance institutions

20%

17%

Enterprises of which the total annual revenue does not reach 20 billion VND

20%

Incomes of enterprises from the execution of new projects of investment in localities facing extreme socio-economic difficulties, economic zones, and hi-tech zones

10% for 15 years

Incomes of enterprises from the execution of new projects of investment: development and application of science and technology, environmental protection, etc.

Hi-tech enterprises and agricultural enterprises that apply high technologies

Incomes of enterprises from the execution of new projects of investment in production which meet one of the two criteria below:

- Any project of which the capital is at least 6,000 billion VND that is released within 3 years from the day on which the Investment certificate is issued, and the total revenue reaches at least 10,000 billion VND within 3 years from the first year in which revenue is earned;

- Any project of which the capital is at least 6,000 billion VND that is released within 3 years from the day on which the Investment certificate is issued, employs more than 3,000 workers.

Incomes of private enterprises from investment in education, vocational training, health, culture, sports, and environment

10%

Incomes of enterprises from the investments in social housing that are for sale, for lease, or for hire purchase

Incomes from press agencies and publishers

Incomes of enterprises from planting, cultivating, and protecting forests; from agriculture, forestry, and aquaculture in localities facing socio-economic difficulties; from the production, multiplication, and cross-breeding plants and animals; from the production, extraction, and refinement of salt, except for the production of salt; from investment in post-harvest preservation of agriculture products, aquaculture products, and food

Incomes of cooperatives from agriculture, forestry, fisheries, and salt production

Incomes of enterprises from the execution of new projects of investment in localities facing socio-economic difficulties

20% for 15 years

17%

Incomes of enterprises from the execution of new projects of investment, including: production of high-grade steel; production of energy-saving products; production of machinery and equipment serving agriculture, forestry, aquaculture, salt production; production of irrigation equipment; production and refinement of feed for livestock, poultry, and aquatic organism; development of traditional trades