Vietnam proposes 0.1% tax on crypto trades, strict licensing
Vietnam’s Ministry of Finance has circulated a draft policy to introduce a tax regime for cryptocurrency transactions that aligns digital assets with securities trading, The Hanoi Times reported. Under the proposal, individuals transferring crypto through licensed service providers would incur a 0.1% personal income tax on the value of each transaction.
The draft, released for public consultation, classifies crypto transfers and trading as exempt from value-added tax. The turnover-based tax would apply to investors regardless of residency whenever a transfer is executed, according to the report.
For companies operating in Vietnam, institutional investors earning income from crypto transfers would be subject to a 20% corporate income tax, calculated on profits after deducting purchase costs and related expenses, the report said.
Vietnam formally defines crypto assets
Authorities also provided a formal definition of crypto assets as digital assets that rely on cryptographic or similar technologies for issuance, storage, and verification of transfers.
The draft sets stringent criteria for operators. Firms seeking to operate a digital asset exchange would be required to hold at least 10 trillion Vietnamese dong (about $408 million) in charter capital, a level that exceeds requirements for commercial banks and is significantly higher than in many other sectors. Foreign ownership would be allowed but capped at 49% of an exchange’s equity.
The measures arrive alongside a five-year pilot program for a regulated crypto asset market that began in September 2025. On Oct. 6, 2025, the Ministry of Finance said no companies had applied to join the pilot at that time, citing high capital thresholds and strict eligibility requirements.
Vietnam opens licensing for crypto exchanges
Last month, Vietnam began accepting applications for licenses to operate digital asset trading platforms, initiating the operational phase of the pilot program. “Applications for the aforementioned administrative procedures will be accepted beginning January 20, 2026,” the State Securities Commission of Vietnam (SSC) said, describing the move as part of efforts to bring crypto activities under formal regulatory oversight.
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