Vietnam

Country profiles
Country profiles

Vietnam

  • Corporate Tax Haven Index ranking: N/A
  • Financial Secrecy Index ranking: 37
  • Tax loss each year to tax havens: $420,826,698
  • Tax loss inflicted on other countries: $4,033,691,299

Country profile

Tax abuse losses

$420,826,698

lost in tax every year to global tax abuse

$367,192,577

lost to tax avoidance committed by multinational corporations

$53,634,121

lost to tax evasion committed by private individuals

  • Equivalent to 0.98% tax revenue (tax revenue in 2020 : $42,861,124,533 trillion)
  • Equivalent to loss of $4 per member of population (Population: 94,330,737.50)
  • Smaller than Global Average tax revenue Loss 2.61%
  • Smaller than Regional Average tax revenue Loss 1.48%

Global Rankings

Corporate Tax Haven Index 2019
#N/A

Global Rank (First is Worst)

N/A/100

Haven Score (100 is Worst)

N/A

Share of global tax havenry

Financial Secrecy Index 2020
#37

Global Rank (First is Worst)

74.33/100

Haven Score (100 is Worst)

0.88%

Share of global tax secrecy

Harm to other countries

$4,033,691,299

in tax lost by other countries

$4,033,691,299

by enabling corporate tax avoidance

$0

by enabling private tax evasion

Responsible for 0.94% of global tax losses
Inflicted tax loss equivalent to yearly salaries of
319,782 nurses

Social impact of lost tax

Tax loss equivalent to 7.23% of health budget
Tax loss equivalent to 3.80% of education spendings
Suffered tax loss equivalent to paying yearly salaries of
121,329 nurses

Vulnerability to illicit financial flows

Most Vulnerable via Inward FDI
Vulnerable Score for this channel is 66.00 / 100
(100 is Worst)

Trading partners most responsible for vulnerability

South Korea (26.9%)
Japan (25.8%)
Thailand (10.6%)

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