Statutory corporate income tax rate in Vietnam
Vietnam: Statutory corporate income tax rate was 20.0% in 2018. ▼ Falling
Statutory corporate income tax rate in Vietnam, 2000–2018
Source: OECD (2019) – processed by Our World in Data. Measured in %.
Analysis
The most recent figure for statutory corporate income tax rate in Vietnam is 20.0%, measured in 2018. That is the lowest value across all 19 years on record.
That represents a change of down 28.6% over ten years.
Over the whole period, statutory corporate income tax rate in Vietnam peaked at 32.5% in 2000 and was at its lowest, 20.0%, in 2017.
Vietnam ranks 54th of 93 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 19 years of available data.
Statutory corporate income tax rate in Vietnam, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 32.5% | — |
| 2001 | 32.0% | -1.5% |
| 2002 | 32.0% | +0.0% |
| 2003 | 32.0% | +0.0% |
| 2004 | 28.0% | -12.5% |
| 2005 | 28.0% | +0.0% |
| 2006 | 28.0% | +0.0% |
| 2007 | 28.0% | +0.0% |
| 2008 | 28.0% | +0.0% |
| 2009 | 25.0% | -10.7% |
| 2010 | 25.0% | +0.0% |
| 2011 | 25.0% | +0.0% |
| 2012 | 25.0% | +0.0% |
| 2013 | 25.0% | +0.0% |
| 2014 | 22.0% | -12.0% |
| 2015 | 22.0% | +0.0% |
| 2016 | 22.0% | +0.0% |
| 2017 | 20.0% | -9.1% |
| 2018 | 20.0% | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 29.4% | 25.0% | 32.5% | 10 |
| 2010s | 22.9% | 20.0% | 25.0% | 9 |
Countries ranked near Vietnam
More economy & growth data for Vietnam
- Industry (including construction), value added (constant 2015 US$) 8.95 % change on previous year (2025)
- Industry (including construction), value added (constant 2015 US$) 0.3117 constant 2015 US$ per US$ of GDP (2025)
- Industry (including construction), value added (constant 2015 US$) 1,579 constant 2015 US$ per person (2025)
- Industry (including construction), value added (constant LCU), annual 8.95 % change on previous year (2025)
- Industry (including construction), value added (constant LCU), per 4,826 constant LCU per US$ of GDP (2025)
- Industry (including construction), value added (constant LCU), per 24.45 million constant LCU per person (2025)
- Services, value added (current US$), annual growth rate 9.05 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.4274 current US$ per US$ of GDP (2025)
- Services, value added (current US$), per capita 2,165 current US$ per person (2025)
- Services, value added (current LCU), annual growth rate 12.64 % change on previous year (2025)
Frequently asked questions
- What is statutory corporate income tax rate in Vietnam?
- Statutory corporate income tax rate in Vietnam was 20.0% in 2018, according to OECD (2019) – processed by Our World in Data.
- What is the highest statutory corporate income tax rate recorded in Vietnam?
- The highest recorded value was 32.5% in 2000.
- What is the lowest statutory corporate income tax rate recorded in Vietnam?
- The lowest recorded value was 20.0% in 2017.
- How does Vietnam rank for statutory corporate income tax rate?
- Vietnam ranks 54th out of 93 countries with data for 2018.
- Is statutory corporate income tax rate rising or falling in Vietnam?
- Over the last ten years it is down 28.6%. The long-run trend across the full record is falling.
- Where does this Vietnam data come from?
- The figures come from OECD (2019) – processed by Our World in Data, published as part of Statutory corporate income tax rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 19 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Estimates correspond to the combined rates for central and sub-central government levels (i.e. central government corporate tax rate, less deductions for sub-national taxes, plus sub-central corporate tax rate). Figures correspond to the standard rate that is not targeted at particular industries or income types. The top marginal rate is reported if the corporate tax system is progressive.