Vietnam Proposes 0.1% Tax on Crypto Transactions

Vietnam proposes new crypto tax rules, introducing a 0.1% turnover tax while exempting transfers from VAT nationwide.

Vietnam has proposed a new tax framework for crypto transactions, signaling stricter oversight. The Ministry of Finance released a draft circular for public consultation. The proposal is aimed at people and institutions that trade in crypto using licensed platforms.

Vietnam Introduces New Crypto Tax Framework for Public Review

According to the draft, crypto transfers would continue to have value added tax exemption. However, the individual investors would be subject to a personal income tax. The rate is fixed at 0.1% of the turnover of the transaction per transfer.

Importantly, the tax is levied regardless of the status of residency. This approach is similar to the current regime of securities trading tax in Vietnam. As a result, foreign and domestic traders would be treated equally.

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The Ministry of Finance said that crypto assets are classified as digital assets. These assets are based on cryptographic technology to issue and transfer the assets. That is why they are regulated in a different category.

Furthermore, taxable income calculations are different for each type of investor. For individuals, tax is applied directly on turnover. Meanwhile, institutional investors operate based on typical calculations for profits.

Vietnamese institutional investors who make crypto income would be subject to a corporate income tax of 20%. Taxable income is equal to the selling price and cost of purchase plus expenses. This is consistent with existing corporate tax rules.

Notably, the draft circular is based on legal amendments passed in late 2025. The National Assembly has voted to update the Personal Income Tax Law. Such changes come into force from July 1, 2026.

The government wants to ensure that the crypto markets are transparent. Officials focused on striking the right balance between innovation and financial stability. Therefore, the final framework will be shaped by public feedback.

In addition, the proposal makes settlement requirements during the trial phase clear. All crypto transactions have to be settled in Vietnamese dong. This rule applies during the pilot program.

Strict Exchange Rules Signal Tighter Crypto Market Control

Vietnam launches a five-year regulated crypto market pilot in September 2025. The trial enables the authorities to follow the risks closely. It also helps test the compliance mechanisms before rollout to the entire country.

Surprised by the draft, crypto exchanges are subjected to strict requirements for entry. Platforms must have a minimum charter capital of 10 trillion VND. This amounts to an estimated $408 million.

Moreover, the foreign ownership in exchanges would also be limited to 49%. Regulators want to keep control of trading infrastructure at home. This measure decreases the exposure to external financial shocks.

The high capital threshold makes it very restrictive as to who can enter the market. Smaller exchanges might have trouble qualifying under the framework. As a result, it seems consolidation in the crypto sector is likely to occur.

Officials say these rules are to protect investors and market integrity. They also minimize risks associated with fraud and capital flight. Therefore, only well-funded platforms can operate legally.

Vietnam’s approach is a sign of mounting regional caution about crypto markets. Several Asian countries are making a stand on oversight. Vietnam joins its peers in the area of taxation and licensing.

According to the draft, the window for public consultation to make comments will continue to be open. The Ministry will consider feedback before making the regulations final. Amendments can be made based on industry responses.

Overall, the proposal is a step toward the formal integration of crypto. Vietnam wants controlled participation and not outright restriction. The next few months will see the final implementation details.

The framework emphasizes Vietnam’s desire to balance innovation and control. With July 1st, 2026, looming around the corner, market players are preparing. Crypto taxation is soon to become a formal reality across the country.

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