Vietnam VAT
Vietnam VAT is the country's value-added tax, levied on the supply of most goods and services and on imports. The standard rate is 10% (with reduced rates on certain goods, and periodic temporary reductions used as economic stimulus). On imports, VAT is collected by Vietnam Customs at the border, calculated on the customs value plus import duty (and any special consumption tax), though registered businesses recover it as input VAT.
Like other VAT systems, it is broadly neutral for business but a real cost to consumers, and Vietnam has been rolling out electronic invoicing (e-invoices) to strengthen VAT administration. For companies importing into, selling in or manufacturing in Vietnam, correctly determining VAT on imports and transactions, applying any reduced or temporary rates, and issuing compliant e-invoices is a core tax-compliance requirement handled through customs and ERP systems. Understanding Vietnam VAT is essential to pricing and compliance in this fast-growing market. It is central to how consumption is taxed in Vietnam.
Vietnam VAT (10%, with reduced and periodic stimulus rates) is collected at the border on imports and applies to domestic supplies, with mandatory e-invoicing now underpinning it. Getting the rate, import collection and compliant e-invoices right is a core compliance and pricing task for anyone trading or manufacturing in fast-growing Vietnam.
What is Vietnam's standard VAT rate?
10%, with reduced rates on certain goods and periodic temporary reductions; import VAT is collected at the border on customs value plus duty.
Does Vietnam use e-invoicing?
Yes — Vietnam has rolled out mandatory electronic invoicing to strengthen VAT administration.