Vietnam’s Ministry of Finance has proposed a 0.1% tax on each crypto asset transaction by individual investors as part of a proposed tax regulation that would bring the sector under a framework similar to securities trading.
Retail Crypto Trades to Face 0.1% Levy
Under the draft, individuals who buy and sell crypto assets through platforms run by licensed service providers would pay personal income tax equal to 0.1% of the gross value of every transfer, regardless of whether they are residents or non-residents, The Hanoi Times reported.
Crypto Defined as Digital Assets, Exempt From VAT
The proposed framework classifies crypto assets as digital assets that use cryptographic or other digital technology for verification at the stages of creation, issuance, storage, and transfer and states that transactions involving these assets would not be subject to value-added tax (VAT).
For Vietnam-based institutional investors, however, income from trading or transferring crypto assets would be subject to the standard 20% corporate income tax, with taxable gains to be worked out by subtracting the purchase cost and directly related expenses from the sale proceeds.
Vietnam Launches Controlled Trial of Digital Asset Market
The tax proposals are part of a broader, five-year pilot of Vietnam’s crypto asset market that began in September 2025. During the trial period, all offerings, issuances, trading, and payment activities involving crypto assets must be conducted in Vietnamese dong.
As part of the pilot, authorities will allow crypto asset issuance and offerings, alongside the operation of trading platforms and related services, with the framework to be implemented in a controlled manner, focusing on safety, transparency, and investor protection.
The draft sets a high bar for operators of digital asset exchanges, as companies would need minimum charter capital of VND 10 trillion (about US$408 million) to establish a platform, while foreign investors would be allowed to hold up to 49% of equity in such exchanges under the proposed rules.
