The Ministry of Finance is currently seeking public input on a draft decree outlining financial policies for the International Financial Center in Vietnam.
In the draft, the Ministry proposes that domestic securities companies must have a minimum paid-up charter capital and equity capital of VND 5,000 billion to be eligible for an operating license. For foreign investors, this minimum threshold is set at USD 190 million.
Beyond capital requirements, both domestic and foreign securities firms must demonstrate continuous operation, no accumulated losses, and profitable operations for two consecutive years prior to applying for a license to establish a subsidiary within the financial center.
Additionally, newly established entities must have a charter capital of at least VND 800 billion, a CEO, and 10 personnel holding securities trading certificates.
These organizations can engage in various activities such as brokerage, investment advisory, proprietary trading, underwriting, and fund management. However, they are prohibited from directly or indirectly providing financial services, support services, or financial products to clients outside the administrative boundaries of the financial center.
 The Ministry of Finance proposes that high-quality personnel working at the International Financial Center be exempt from personal income tax until 2030. |
Furthermore, the draft decree introduces tax incentives to attract investment and high-quality human resources.
Specifically, for projects in priority development sectors within the International Financial Center, a corporate income tax rate of 10% will apply for 30 years, with a maximum tax exemption of 4 years and a 50% reduction in payable tax for a maximum of 9 subsequent years.
For projects not in priority development sectors, the tax rate will be 15% for 15 years, with a maximum tax exemption of 2 years and a 50% reduction in payable tax for a maximum of 4 subsequent years.
Regarding personal income tax, the draft decree stipulates that managers, experts, scientists, and highly skilled professionals working at the International Financial Center (both Vietnamese and foreign nationals) will be exempt from personal income tax on salary and wage income until the end of 2030.
The tax exemption period is calculated continuously from the month in which income is generated. If income is generated within a month, the exemption period is calculated for the full month.
In cases where an individual sells their entire business through capital transfer linked to real estate, personal income tax is declared and paid according to real estate transfer regulations.
“Corporate income tax and personal income tax not specified in the decree will be implemented in accordance with current laws on corporate income tax, personal income tax, and tax administration,” the draft clarifies.
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The draft decree also exempts personal income tax for individuals earning income from the transfer of shares, capital contributions, capital contribution rights, share purchase rights, or capital contribution purchase rights in enterprises within the International Financial Center until the end of 2030. Excluding income from the transfer of shares and share purchase rights of public companies, listed organizations, or those registered for trading as per securities law. |
MINH TRÚC
– 16:42 16/09/2025
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