Will US amended tax law divert FDI flow from Vietnam? VietNamNet Bridge - Vietnam has been warned that FDI flow to Vietnam could shrink as investors will head for the US, where the corporate income tax (CIT) rate has been cut from 35 percent to 21 percent. To date, the total FDI capital in Vietnam committed by the US investors has reached $9.9 billion, accounting for 3 percent of total FDI capital in Vietnam, with which the US ranks ninth among the countries and territories which have FDI. US tax reform will affect FDI flow in general. Prior to tax reform, the US announced the application of safeguard measures against solar panel and washing machine imports from any source.

Source: VietNamNet News February 23, 2018 01:52 UTC