Vietnam Announces Issuance of Decree on New Tax Policy for Businesses, Individuals

The Vietnamese Government Dec. 21 announced the issuance of Decree No. 324/2025/ND-CP on new tax policies for businesses and individuals operating in the international financial center (IFC). The announcement includes: 1) a 10 percent corporate income tax rate for 30 years, for newly-registered priority business line projects, with four years of exemption and 50 percent reduction for up to nine subsequent years; 2) a 15 percent corporate income tax rate for 15 years, for newly-registered non-priority business line projects, with two years of exemption and 50 percent reduction for four subsequent years; and 3) individual income tax exemption for experts, ...