Reduced VAT / GST rate

0^[1] / 5^[2] / 8^[3]

Standard VAT / GST rate

10^[4]

High VAT / GST rate

Not applicable

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 [1] Zero rated VAT applies to exported goods and services, international transport, and goods and services that are not subject to VAT according to Article 5 of the Law on Value Added Tax (as amended) when exported, with certain exceptions. VAT is not imposed on the types of goods and services listed in Article 5 of the Law on Value Added Tax (as amended)

[2] The VAT rate of 5% applies to the types of goods and services listed in Clause 2 of Article 8 of the Law on Value Added Tax (as amended).

[3] Until 30 June 2025, the VAT rate of goods and services currently subject to the VAT rate of 10% will be reduced to VAT rate of 8%. However, the VAT reduction will not apply to the following three groups:

• Group 1: Telecommunications, financial activities, banking, securities, insurance, real estate business, metals and prefabricated products, mining products (excluding coal mining), coke coal, refined petroleum, chemical products.
• Group 2: Goods and services subject to special consumption tax.
• Group 3: Information technology under the information technology laws.

[4] The VAT rate of 10% applies to goods and services used for manufacturing, business, or consumption in Vietnam that are not exempted or subject to VAT at the rate of 0%, 5% or 8% (see footnote 3).