This summary outlines the incentives and special policies applicable to International Financial Centers (IFCs) in Vietnam in 2026, based on the legal framework established under Resolution No. 222/2025/QH15 (effective from 1 September 2025) and Decrees No. 323 and 324/2025/ND-CP. These policies aim to attract financial institutions, investors, professionals, and innovative fintech and green finance projects to IFCs, primarily located in Ho Chi Minh City and Da Nang.

1/ IFC Member Requirements:
Entities eligible to apply for recognition as IFC members include:
(i) financial institutions, investment funds, or companies listed in the Fortune 500 at the time of registration, or their direct parent companies; and
(ii) the top ten inbound financial institutions by charter capital.

Apart from the above categories, only qualified organizations and financial institutions demonstrating strong financial capacity, competitive standing, and alignment with the IFC’s development objectives are eligible to register as IFC members.

Upon becoming an IFC member, organizations may enjoy special privileges, including:
– the establishment of holding companies;
– access to foreign funding through periodic reporting mechanisms without stringent licensing requirements;
– the ability to obtain foreign loans that are not counted toward national public debt; and
– the option to apply IFRS in lieu of Vietnamese Accounting Standards (VAS), among other benefits.

2/ Trading Exchanges:
The IFC will facilitate the trading of commodities and commodity derivatives, carbon credits, cultural and artistic products, precious metals, green financial products, and other new products as required from time to time.

3/ Currency:
Transactions between IFC members and foreign entities conducted within the territory of Vietnam may be denominated and settled in foreign currencies.

4/ Tax Incentives

4.1 Corporate Income Tax (CIT) for Enterprises:

• Projects in Priority Sectors at IFC:
  • Tax rate: 10% for 30 years.
  • Tax holiday: Exemption for up to 4 years, followed by a 50% reduction for up to the next 9 years.
• Projects in Non-Priority Sectors:
  • Tax rate: 15% for 15 years.
  • Tax holiday: Exemption for up to 2 years, followed by a 50% reduction for up to the next 4 years.

If a business qualifies for multiple incentives, it may choose the most beneficial option.

4.2 Personal Income Tax (PIT) and Individual Incentives:

• PIT Exemption on Salaries/Wages: Applicable to managers, experts, scientists, and high-skilled labor (both Vietnamese and foreign) working at the IFC until the end of 2030.
• PIT Exemption on Capital Transfers: Applicable to income from the transfer of shares, capital contributions, or capital contribution rights in IFC member organizations (excluding listed securities, which follow general regulations).

1. Other incentives

   5.1 Visa, Residency, and Administrative Procedures

• Long-term Visas: Visas and Temporary Residence Cards (TRC) for investors, managers, and experts at the IFC with validity up to 10 years; spouses and children under 18 are considered for the same duration.
• Permanent Residence: Consideration for granting permanent residence to foreigners working long-term at the IFC; simplified procedures with a processing time reduced to a maximum of 3 working days.
• Visa Exemption: Persons entering Vietnam to work with management agencies or IFC members are exempt from entry visas for up to 30 days (extendable upon request).

5.2 Land Incentives

• Encouraged-sector projects in the IFC may receive land allocation or land lease for up to 70 years.
  • Other investment projects may be granted land use rights for up to 50 years.

For more detailed consultation, TPM’s experts are ready to provide appropriate support.

Contact:

Van Le – Head of Tax Advisory

T: +84 916 777 662

E: van.le@tpm.com.vn

Or TPM Hotline: +84 28 3505 1800