Vietnam is moving closer to formal crypto regulation. The Vietnam Ministry of Finance has proposed a new draft that introduces taxes on digital asset activity. The plan includes a 0.1% transfer tax on each crypto transfer for individuals and a 20% profit tax on corporate profits. The proposal came out in early February as part of a broader crypto pilot program. Officials say the goal is to bring the fast growing market into the formal economy. Through the government hopes to create a steady source of tax revenue.
New Tax Rules for Individuals and Companies
Under the draft, individuals would pay a 0.1% personal income tax on each crypto transaction. This Vietnam crypto tax would apply to the total value of the transfer, not the profit. The structure mirrors the country’s existing tax on stock trades. Both residents and non-residents would fall under the rule if they trade through licensed platforms. However, the proposal doesn’t include value added tax on crypto transactions. Officials plan to treat them more like financial services.
For companies, the rules look different. Corporate investors would pay a 20% income tax on net profits from crypto activity. This calculation would allow deductions for costs and expenses. The draft also limits these activities to approved exchanges and service providers. So, traders would need to use licensed platforms to stay compliant.
High Entry Barriers for Exchanges
The proposal includes strict requirements for crypto exchanges. Operators may need to hold around $408 million in capital reserves. This condition could create a high barrier for smaller local firms. Large global platforms may find it easier to meet those requirements. But smaller startups could struggle to enter the market. Some observers say this could reduce competition and slow innovation.
The Vietnam crypto tax plan also fits into county’s ongoing crypto pilot program. The country began testing new rules in late 2025. Licensing for exchanges started earlier this year. With more guidance expected soon. Officials say the goal is to reduce gray market activity. They also want to bring crypto trading under clearer legal oversight.
Mixed Impact on a Fast-Growing Market
Vietnam already ranks among the top countries for crypto adoption. Reports suggest that more than one-fifth of the population holds digital assets. Because of that, any tax change could affect millions of users. A 0.1% transfer tax may seem small. But frequent traders could feel the cost over time. Some analysts warn that strict rules may push activity to offshore or unlicensed platforms.
Still, others welcome the proposal. They say clearer rules could attract more institutional players and improve investor protection. Right now, the draft remains open for public feedback. Officials may revise the rules before final approval later this year. If Vietnam crypto tax plan is adopted, this would mark a major step toward full crypto regulation in Vietnam.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Strengthen silver-tax interaction! China encourages banks to use blockchain, but people trading coins and doing tokenization are all breaking the law
The Chinese government encourages banks to use blockchain technology to strengthen “bank-tax interactions,” improve the financing environment for small and medium-sized enterprises. At the same time, it fully bans private cryptocurrency trading and mining, treats stablecoins and tokenization as illegal activities, demonstrates clear policy boundaries, and emphasizes official oversight and financial security.
CryptoCity3h ago
Prediction markets win big! Court rules: New Jersey has “no authority to ban” Kalshi from launching sports event contracts
The U.S. Federal Court of Appeals ruled that the state of New Jersey lacks the authority to bar Kalshi, a sports-betting prediction market platform regulated by the CFTC, from launching sports event contracts, finding that federal law takes precedence over state law. Although Kalshi prevailed, experts say this is only a temporary victory, and the Supreme Court will ultimately need to decide the jurisdiction issue.
区块客4h ago
SEC Crypto Safe Harbor Moves to White House Review as Atkins Signals Proposal Is Near
The SEC's proposed crypto safe harbor framework is now under White House review, suggesting readiness for formal rulemaking. Chair Paul Atkins indicated that the plan aims to allow crypto projects to raise capital without immediate securities registration, shifting the conversation from general principles to specific regulations.
CryptoNewsFlash4h ago
Does the party fear secret mobilization? Jack Dorsey: China is asking Apple to remove Bitchat, a decentralized communications app
Apple removed the decentralized messaging app Bitchat due to China’s regulatory requirements. Because of its Bluetooth and mesh network features, it was deemed to pose a risk of social mobilization and was found to violate China’s Cybersecurity Law. Bitchat’s decentralized architecture makes it difficult for the government to regulate, and it has played a role in anti-government protests across multiple countries. The app is still usable outside of China, and its downloads have continued to increase recently.
CryptoCity4h ago
Korean financial regulators require crypto exchanges to reconcile assets every 5 minutes, strengthening internal controls
The Financial Services Commission of Korea requires all domestic cryptocurrency exchanges to reconcile accounts every 5 minutes to address internal control vulnerabilities exposed by recent payment incidents. The new regulations include establishing automated reconciliation systems, setting standards for when trading must be paused, and strengthening reviews of high-risk processes, with the goal of improving asset security.
GateNews4h ago
The Ministry of State Security warns: Token scams are occurring frequently; you may be involved in illegal financial activities or be exploited by overseas intelligence agencies
The Ministry of State Security has recently warned about various scams that use the slogan “accumulating Tokens can make you rich” and said these activities endanger the country’s economic security. It also urged the public to handle illegal cryptocurrency trading with caution.
GateNews5h ago
