Vietnam is moving closer to formally taxing cryptocurrency transactions, with regulators proposing a system that treats digital assets similarly to stocks and other securities.
Vietnam Crypto Tax Proposal Targets Retail and Institutions
According to a draft policy released by the Ministry of Finance for public consultation, individual investors would face a 0.1% personal income tax on the value of each crypto transaction executed through licensed service providers. The levy would apply on a per-transaction basis, regardless of whether the investor is a resident or foreign participant, and mirrors the existing tax structure used for stock trading.
Crypto transactions would be exempt from value-added tax under the proposal, keeping the focus on turnover rather than consumption.
Corporate Crypto Profits Face 20% Tax
For businesses and institutional investors, the framework introduces a 20% corporate income tax on profits generated from crypto trading and transfers. Taxable income would be calculated after deducting acquisition costs and related expenses, aligning crypto treatment with other taxable investment activities in Vietnam.
The draft also provides a formal definition of crypto assets and outlines stringent requirements for exchange operators. Companies seeking licenses would need a minimum charter capital of 10 trillion Vietnamese dong, roughly $408 million. Foreign ownership would be allowed but capped at 49%.
These measures form part of Vietnam’s five-year pilot program for a regulated crypto market, launched in late 2025. While adoption remains high globally, strict capital and compliance requirements have so far limited participation in the pilot, signaling a cautious but structured approach to crypto oversight.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.