Vietnam is preparing to introduce a tax framework for cryptocurrency transactions that will align digital assets with securities trading, according to a draft policy released by the Ministry of Finance.
According to local outlet Hanoi Times, under the proposal, individuals transferring crypto assets through licensed service providers would face a personal income tax of 0.1 percent on each transaction value. This structure mirrors the levy currently applicable on stock trades in the country.
According to the report, the draft circular released for public consultation classifies the transfer and trading of crypto as exempt from value added tax. However, business-based tax is applicable to investors whenever the transfer is processed.
Companies operating in Vietnam will be taxed differently. According to the report, the calculated profit after deducting the purchase costs and related expenses will be subject to 20 percent corporate income tax.
Related: No companies apply for the Vietnam Crypto Pilot amid high hurdles
Vietnam has officially defined crypto assets
Officials also reportedly provided a formal definition of crypto-assets, describing them as digital assets that rely on cryptographic or similar technologies for issuance, storage and transfer authentication.
The draft also outlines stricter requirements for operators. Firms looking to operate a digital asset exchange will need at least 10 trillion Vietnamese dong (about $408 million) in charter capital, which is much higher than the capital standard required for commercial banks and in many other industries. Foreign ownership will be allowed but restricted to 49% of the exchange’s equity.
The proposed rules come as Vietnam begins a five-year pilot program for a formal crypto-asset market starting in September 2025. On October 6, 2025, Vietnam’s Ministry of Finance confirmed that no companies had applied to participate in the five-year crypto pilot at this time, citing high capital requirements and strict stability requirements.
Related: Vietnam Central Bank expects credit growth amid rapid crypto adoption
Vietnam Launches Licensing for Crypto Exchanges
Last month, Vietnam began accepting applications for licenses to operate digital asset trading platforms, marking the operational launch of its planned pilot program for a regulated crypto market.
“Applications for the above administrative procedure will be accepted from January 20, 2026,” the State Securities Commission of Vietnam (SSC) said.
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