Vietnam is in the process of developing a taxation system for cryptocurrency transactions that seeks to standardize digital assets alongside conventional securities trading. The Finance Ministry’s new draft indicates that individuals who transfer crypto through authorized services will incur a 0.1% tax on each transaction’s value, as reported by local media outlet The Hanoi Times. This initiative mirrors the existing taxation framework for stock trades in Vietnam.
The proposal outlines that crypto transfers and trades will be exempt from value-added tax, though a turnover tax will be imposed on investors regardless of where they reside at the time of the transaction.
In contrast, companies will face a different taxation structure, with institutional investors subject to a 20% corporate tax on their profits derived from crypto transfers after accounting for their purchase costs and additional expenditures.
Vietnam’s Official Definition of Crypto Assets
Authorities have also introduced a formal definition of crypto assets, establishing them as digital entities that utilize cryptographic technologies for their issuance, storage, and transfer verification.
The draft includes rigorous prerequisites for operators. Firms aspiring to conduct digital asset exchanges are required to have a minimum charter capital of 10 trillion Vietnamese dong (approx. $408 million), surpassing the capital requirements for commercial banks and exceeding standards in various other sectors. Although foreign ownership will be allowed, it is limited to a maximum of 49% of an exchange’s equity.
Vietnam is ranked fourth in the world for crypto adoption. Source: Chainalysis
These regulations emerge as Vietnam launched a five-year pilot program for a regulated crypto market in September 2025. By October 6, 2025, the Ministry of Finance confirmed that no companies had submitted applications for this pilot initiative due to high capital demands and strict eligibility criteria.
Licensing for Crypto Exchanges Now Open
Recently, Vietnam began accepting applications for licenses to operate digital asset trading platforms, signaling the roll-out of its regulatory framework for crypto.
The State Securities Commission of Vietnam (SSC) indicated that they will start processing applications for the necessary administrative permissions beginning January 20, 2026, marking a significant step towards formal regulation of the cryptocurrency market.
