Viet Nam
A. Progress in the implementation of the minimum standard
Viet Nam has 76 tax agreements in force as reported in its response to the Peer Review questionnaire. None of those agreements comply with the minimum standard.
Viet Nam signed the MLI in 2022 and listed its non-compliant agreements. The agreements that will be modified by the MLI will come into compliance with the minimum standard once the provisions of the MLI take effect.
Viet Nam is implementing the minimum standard through the inclusion of the preamble statement and the PPT.1
B. Conclusion
Acknowledging that Viet Nam signed the MLI in February 2022, no recommendation is made that Viet Nam ratifies the MLI in 2022. However, it is expected that Viet Nam will swiftly start the process to complete the steps to have the MLI take effect with respect to its agreements listed under the MLI, as those agreement will only be modified by the MLI (and come into compliance with the minimum standard) once the provisions of the MLI take effect.
Note
← 1. For its agreements listed under the MLI, Viet Nam is implementing the preamble statement (Article 6 of the MLI) and the PPT (Article 7 of the MLI).