Some countries with investment in Vietnam will implement the global minimum tax (GMT) from the 2024 corporate income tax period. To proactively retain taxation rights and create confidence among foreign investors when planning for 2024, a resolution on the application of additional corporate income taxes under regulations to prevent global tax base erosion was passed by the National Assembly (NA) at its sixth session. Foreign-invested enterprises subject to the GMT can declare additional corporate income taxes in Vietnam, instead of paying the additional tax in their home country. To retain investors and encourage the attraction of strategic investors, the government is urgently developing a draft decree regulating the establishment, management, and use of the Investment Support Fund from GMT revenue and other legal sources, reporting to the NA Standing Committee for consideration and comments before promulgation in 2024.