Dragon Capital Vietfund Management (DCVFM) | Fund Factsheet

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Investment Fund Basic

A foreign investor who decides to put money in an investment fund in Vietnam shall pay the following taxes:

  • Upon receiving dividend:
    • Domestic/ Foreign Individual Investor:
      • Before January 1st 2010, no tax rate applied.
      • Since January 1st 2010, tax rate of5% is imposed on dividend income according to Circular No. 84/2008/TT-BTC.
    • Domestic/ Foreign Institutional Investor:
      • Before January 1st 2009, tax rate of 20% is imposed on dividend income (except for received income already imposed with enterprise income tax in the previous stage) according to Circular No. 100/2004/TT-BTC.
    • Since January 1st 2009,
      • Domestic Institutional Investor: the dividend income must be aggregated with incomes from business activities of enterprises for calculation of enterprise income tax according to current regulations.
      • Foreign Institutional Investor: tax rate of 25% is imposed on dividend income (except for received income already imposed with enterprise income tax in the previous stage) and the Fund Management Company shall be responsible to deduct tax according to Circular No. 134/2008/TT-BTC.

Note: VFM shall announce the dividend income (except for received income already imposed with enterprise income tax in the previous stage)

  • Upon transferring fund certificates:
    • Domestic/ Foreign Individual Investor:
      • Before January 1st 2010, no tax rate applied.
      • Since January 1st 2010, Individual Investor must pay income tax and Sercurities Company shall be responsible to deduct at the tax rate of 0,1% on the transfer price (without deducting any expenses)
  • Domestic Institutional Investor:

The income from transfer must be aggregated with incomes from business activities of enterprises for calculation of enterprise income tax according to current regulations.

  • Foreign Institutional Investor:

tax rate of 0,1% on the transfer price (without deducting any expenses) and and Sercurities Company shall be responsible to deduct tax according to Circular No. 134/2008/TT-BTC.

Note.: This regulation will be updated accordingly as soon as any new documents are issued