- Vietnam’s finance ministry has drafted a 0.1% transaction tax for individual crypto transfers, aligning digital assets with stock trading.
- Institutional investors would face a 20% corporate tax on crypto profits, while exchange operators need over $400 million in charter capital.
- The tax framework supports an ongoing five-year pilot for a regulated crypto market, though no firms had initially applied.
- Authorities have now begun accepting license applications for digital asset trading platforms.
Vietnam’s Ministry of Finance is moving to formalize cryptocurrency taxation with a new draft policy, setting the stage for regulated digital asset transactions. The proposal, according to reports, introduces a 0.1% personal income tax on all crypto transfers executed through licensed providers.
This tax structure mirrors Vietnam’s existing levy on securities trading. Consequently, “crypto transfers and trading as exempt from value-added tax” under the draft circular released for public consultation.
Meanwhile, corporate investors face a different tax burden. Companies earning income from crypto transfers would be subject to a 20% corporate income tax, calculated on profits after expenses.
Authorities have also formally defined crypto assets for the first time. The definition describes them as digital assets relying on cryptographic technology for issuance and verification.
The draft outlines stringent requirements for market operators. Firms seeking to run a digital asset exchange would need at least $408 million in charter capital, a figure exceeding requirements for local commercial banks.
Foreign ownership in such exchanges would be permitted but capped at 49%. These rules support Vietnam’s five-year pilot program for a regulated crypto market launched in September 2025.
However, Vietnam’s Ministry of Finance confirmed in early October 2025 that no companies had applied for the pilot program initially. The high capital requirements and strict eligibility conditions were cited as primary barriers.
Nevertheless, licensing for crypto exchanges has now officially begun. The State Securities Commission of Vietnam stated “applications for the aforementioned administrative procedures will be accepted beginning January 20, 2026.”
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