The Impact of the Global Minimum Tax onEnterprises in Vietnam

Hoang Ha Nguyen, Van Lam Do and Van Thang Ta

No 201, Working Papers from Development and Policies Research Center (DEPOCEN), Vietnam

Abstract: The article uses data on Vietnamese enterprises from 2010 to 2023 to assess theimpact of the Global Minimum Tax (GMT) on the FDI sector and domestic enterprises. The resultsshow that GMT has a negative and statistically significant e!ect on fixed asset investment, profits,and revenues of FDI firms, while domestic enterprises respond positively in the short term. Thesefindings imply that Vietnam needs to quickly adjust its FDI attraction strategy, shifting from taxincentives to improving institutional quality, infrastructure, and domestic capacity, while alsorefining tax policy to both secure budget revenues and maintain investor appeal in the newcontext.

Pages: 16 pages
Date: 2026
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