Investment Regulations in Vietnam (July 2024)

This document covers investment forms, labor, and tax regulations in Vietnam. Key highlights include:

• Investment Vehicles: Common options are Limited Liability Companies (LLCs) and Representative Offices.
• Labor: Minimum wages; social, health and unemployment insurance; and strict termination rules apply.
• Taxes: Corporate income tax is 20%, with incentives for certain industries. Foreign contractors face withholding taxes, and VAT is generally set at 10%.
• Free Trade: Vietnam benefits from agreements like the EU-Vietnam Free Trade Agreement, reducing tariffs and customs duties.