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What is the corporate tax rate in Vietnam?

The standard corporate income tax (CIT) rate in Vietnam is 20%. However, businesses in the oil and gas industry are subject to CIT rates from 32% to 50%, depending on the location and project conditions.

Can a foreigner own 100% of a company in Vietnam?

Yes, foreigners are allowed to own 100% of the shares of their business in most industries. However, for certain specified industries, company setup is allowed only in a joint venture with a Vietnamese individual or corporate entity.

For what kind of business in Vietnam is a Joint Stock Company (JSC) suited?

A JSC in Vietnam is a good option if an entrepreneur or company is planning to conduct business with multiple partners or is looking to finance the company via the issuance of equity.

Which are the governing bodies in Vietnam for regulating intellectual property?

The intellectual property governing bodies in Vietnam are:

  • The National Office of Intellectual Property (NOIP)
  • The Vietnam Chamber of Commerce and Industry (VCCI)
  • Vietnam Customs

What is NOIP?

The National Office of Intellectual Property (NOIP) is an agency which acts as the chief coordinator for intellectual property rights in Vietnam, under the umbrella of the Ministry of Science and Technology.

Which agencies/organizations are responsible for intellectual property rights in Vietnam?

The agencies/organizations responsible for the different types of intellectual property rights in Vietnam are:

  • Copyright Office of Vietnam: For copyright and related rights
  • National Office of Intellectual Property (NOIP): For industrial property
  • Plant Variety Protection Office: For rights to plant varieties

What are the different types of trademarks that can be registered in Vietnam?

A word or a set of combination of words, numerals, shapes, letters, symbols, drawings, and a combination of all these are the different types of trademarks that can be registered in Vietnam.

What cannot be registered as a trademark in Vietnam?

Scent and sound are the two types of things that cannot be registered as trademarks.

What types of trademark are not eligible for registration in Vietnam?

Banknotes of a union, federal district, state, municipality, territory or any country; titles and coins are trademarks which are not eligible for registration.

How many types of trademark are there in Vietnam and how are they categorized?

In Vietnam, trademarks are classified into two types – local trademark and international trademark.