How wealth tax works in Vietnam
Vietnam has no broad annual wealth tax on an individual's net worth. Bank deposits, listed shares, private company interests and foreign assets are not taxed each year simply because they are owned.
Vietnam does tax many events around assets. Dividends are generally taxed at 5% for individuals, securities transfers can be taxed at 0.1% of proceeds, real estate transfers at 2% of proceeds, and inheritances or gifts of specified assets at 10% above the applicable threshold.
Tax rates at a glance
- Net wealth tax
- 0%Zero
- Net worth tax
- 0%
- Annual asset tax
- 0% broad tax
Who benefits most
These profiles tend to benefit most when the rules match their real residence, payroll and business setup.
InvestorsLocal foundersLong-term residentsFamily businessesProperty owners
Watch out for
- No net wealth tax does not mean asset transfers are tax-free. Vietnam uses PIT and transaction taxes for securities, real estate, inheritances and gifts.
- Foreign assets can still matter if Vietnam treats the individual as tax resident, because Vietnam taxes residents on worldwide taxable income.
- Property ownership and transfers can involve registration, land-related charges and PIT on transfers, separate from any net wealth tax analysis.
Frequently asked questions
Does Vietnam have a wealth tax?
No. Vietnam does not levy a broad net wealth tax or net worth tax on individuals.
Are foreign assets taxed in Vietnam?
Vietnam does not tax foreign assets merely because they are owned, but Vietnam tax residents are taxed on worldwide taxable income arising from assets.
Are investments taxed in Vietnam?
Yes. While there is no wealth tax, dividends, securities transfers, capital assignments and real estate transfers can be taxed under Vietnam PIT or CIT rules.