Vietnam and Rwanda have initiated negotiations for an income tax treaty, with officials highlighting over five decades of diplomatic ties and ambitions to unlock greater trade and investment potential between the two nations.
Vietnam and Rwanda initiated their first round of negotiations for an income tax treaty on 16 March 2026.
Deputy Director Dang Ngoc Minh, leading the Vietnamese delegation, welcomed the Rwandan team and highlighted the strong diplomatic ties between the countries since 1975. He noted that bilateral trade reached approximately USD 12.6 million in 2024, demonstrating untapped potential for future growth.
The Deputy Director emphasised that the agreement will establish a stable legal framework for taxation, creating transparency for businesses and facilitating trade and investment between both nations.
Should talks prove successful, the resulting agreement will mark the first such treaty between the two nations and will need to be finalised, signed, and ratified before it can take effect.
