Vietnam has been one of Asia’s fastest growing economies – thanks to its astute investment in human capital and infrastructure combined with trade liberalisation.
|Obtain an investment licence from the Department of Planning and Investment (DPI) or Management Authority of Industrial Zones.||
A company in Vietnam may have 100 per cent foreign ownership, unless it operates in a sector that has conditions for foreign investment. In such cases, foreign ownership is either prescribed by law or capped at 49 per cent.
|Apply for Investment Registration Certificate (IRC) from DPI or Management Authority of Industrial Zones||
|Apply for Enterprise Registration Certificate (ERC) from DPI||
Commence business upon approval.
|Obtain an investment licence from the Department of Planning and Investment (DPI) or Management Authority of Industrial Zones.|
|Apply for Investment Registration Certificate (IRC) from DPI or Management Authority of Industrial Zones|
|Apply for Enterprise Registration Certificate (ERC) from DPI|
In Vietnam, the personal income tax varies between 5 to 35%, while the standard corporate tax is 20%.
Incentives granted are based on sectors, locations and company size. They vary in amount and period.
Large manufacturing project incentives
Special investment incentives
UOB has signed a Memorandum of Understanding (MOU) with Vietnam’s Foreign Investment Agency (FIA) since 2015, as part of the joint effort to promote foreign direct investments into Vietnam.
Under the collaboration, FIA will provide dedicated resources at their Investment Promotion Centres (IPCs) located in North, Central and South Vietnam to work directly with UOB's Foreign Direct Investment (FDI) Advisory Unit to assist companies looking to invest into Vietnam.
Foreign Investment Agency (FIA)
The Foreign Investment Agency (FIA) is an agency under the Ministry of Planning and Investment (MPI) which oversees Vietnam’s direct investment activities abroad and foreign direct investment activities in the country.
Visit FIA’s website
Investment Promotion Centre (IPC)
Investment Promotion Centres (IPC) – Southern and Northern Vietnam (IPCS and IPCN) are units under FIA to promote investment into the South, Central and North Vietnam.
The IPCs have a representative office in Da Nang to support foreign investment into Central Vietnam.
Visit IPC South Vietnam’s website
This fact sheet is given on a general basis without obligation and is strictly for information only. Nothing in this fact sheet constitutes accounting, legal, regulatory, tax or other advice. This fact sheet is not intended as an offer, recommendation, solicitation, or advice to purchase or sell any investment product, securities or instruments. Although reasonable care has been taken to ensure the accuracy and objectivity of the information contained in this fact sheet, UOB and its employees make no representation or warranty, whether express or implied, as to its accuracy, completeness and objectivity and accept no responsibility or liability for any error, inaccuracy, omission or any consequence or any loss or damage howsoever suffered by any person arising from any reliance on the information in this fact sheet.