Doing Business in Viet Nam 2025 - 2026

Viet Nam is becoming an increasingly attractive destination for foreign investors with a rapidly growing economy, a large population of over 100 million and its strategic location. The country's economy is increasingly diversified, with manufacturing, electronics, textiles, and agriculture serving as key drivers of GDP and is now attracting foreign direct investment in high-tech industries. Based on a solid foundation, Viet Nam has successfully navigated economic headwinds and geopolitical instability to be one of the countries with high economic growth, achieving a GDP growth rate of 7.1% in 2024. Building on the momentum, GDP ambitious growth target is raised 8.3-8.5% in 2025.

Viet Nam's economy has demonstrated remarkable resilience through uncertainties and crises to achieve substantial socio-economic progress. The Doi Moi (Renewal) reforms in 1986 marked a turning point, transforming Viet Nam from a centrally planned economy to a socialist-oriented market economy. This policy enabled the country to attain lower-middle-income status in 2010, marking a significant milestone in its development trajectory. The country targets to achieve upper-middle-income status by 2030 and become a high-income economy by 2045. In addition, Viet Nam aims to be among the top 30 largest economies in the world by 2030 and to achieve net-zero emissions by 2050. This forward-looking vision reflects Viet Nam's unwavering commitment to economic growth and sustainability.

Viet Nam is undergoing significant regulatory changes in 2025, primarily driven by a push for streamlined governance, enhanced economic efficiency, and international integration. Key reforms include a major administrative restructuring that reduces the number of provincial-level units and abolishes the district level, creating a two-tier system to improve efficiency and local autonomy. Viet Nam is also implementing a sweeping overhaul of its legal regulations in 2025, primarily aimed at streamlining governance and enhancing economic competitiveness. Therefore, there are many changes happening while we write this guidebook. This guidebook has been prepared by Deloitte Viet Nam in collaboration with the Ministry of Foreign Affairs to provide readers an overview of the investment climate, forms of business organisation, taxation, and business & accounting practices in Viet Nam.

If you need any consultancy on new investment opportunities in Viet Nam, please contact Deloitte Vietnam Tax & Legal experts (deloittevietnam@deloitte.com)