IMPACT OF GLOBAL MINIMUM TAX ON ECONOMIC STRUCTURE AND INVESTMENT ATTRACTION POLICY IN VIETNAM

Abstract

Vietnam has officially joined the Multilateral Convention (MLI) and implemented the Global Minimum Tax mechanism. According to the regulations, in case multinational corporations operating in Vietnam have an actual tax rate lower than the minimum threshold recommended by the Organization for Economic Cooperation and Development (OECD), the difference will be collected by the country where the parent company is headquartered. The regulation significantly reduces the effectiveness of tax incentives that Vietnam has applied to attract foreign investment. This study analyzes in depth the impacts of the new global tax policy on Vietnam’s economic structure and investment environment, and proposes policy solutions to effectively adapt, minimize risks and maintain the competitiveness of the economy