VAT is charged by any taxable persons (companies and individuals) providing goods or services in Vietnam.

VAT registration thresholds

Companies trading or importing into Vietnam are expected to register for VAT immediately upon receiving a business licence.  There is no registration threshold.

Vietnamese VAT rate

The standard VAT rate in Vietnam is 10%.  There is a 5% reduced VAT rate on certain foodstuffs and a range of exempt goods and services as well as imports.

Vietnam VAT Compliance

Monthly VAT fillings should generally be submitted by the 20th of the month following the reporting period.  Annual reports may also be required.

Tax invoices must be issued, but electronic invoices are not yet acceptable.  Invoices are controlled by the Ministry of Finance.  There is a facility for the use of the ‘reverse charge’.  VAT Grouping in Vietnam There is currently no provision for VAT Grouping in Vietnam.

Vietnam VAT rates

Rate Type Which goods or services
15% Higher Luxury goods
10% Standard All other taxable goods and services
5% Reduced Basic foodstuffs; transport; medical equipment; agricultural production and services
0% Zero Overseas construction; exports and associated services; agricultural equipment; fertilizers; animal feed

Non-resident traders in Vietnam

Non-resident companies have special rules, rates and options for accounting for VAT (‘FCWT’).  It is possible for the foreign company to elect to register for VAT as a non-resident – however there is also a mechanism for the customer to withhold the VAT on behalf of the foreign supplier.

Latest Vietnamese news

Get free VAT help or VAT registered

+44 (0)1273 022499

Where should I be VAT registered?

Get a free online, Europe-wide, VAT assessment in minutes.