Vietnam Finalizes a 0.1% Crypto Tax... Will It Become 'Hell' or a 'Regulatory Paradise'?
Vietnam Finalizes a 0.1% Crypto Tax... Will It Become 'Hell' or a 'Regulatory Paradise'?
Vietnam, which ranks fourth globally in cryptocurrency adoption, is signaling a major shift in the Southeast Asian digital asset market by deciding to impose a 0.1% tax on coin transactions—equivalent to the tax applied to stock trades—bringing an end to a long-standing regulatory blind spot.
According to cryptocurrency-focused media outlet Bitcoinist on February 8 (local time), Vietnam’s Ministry of Finance has proposed a draft plan to levy a personal income tax of 0.1% on the value of each cryptocurrency transaction conducted by individual investors. This measure is part of Vietnam’s broader effort to incorporate digital assets into the formal financial system as recognized investment instruments, and it will apply uniformly to all individuals using licensed trading platforms regardless of residency. With cryptocurrencies such as Bitcoin (BTC) now falling under the same taxation framework as stocks, market transparency is expected to improve significantly.
Tax standards for corporate investors are set even more stringently. Companies established in Vietnam will be required to pay corporate income tax of 20% on net profits generated from cryptocurrency trading. Taxable profits will be calculated by deducting acquisition costs and related transaction expenses from the sale price. Foreign corporations, meanwhile, will be subject to a capital gains-style tax of 0.1% of the transaction value. Through this legislation, Vietnamese authorities have officially defined digital assets as assets issued and stored using cryptographic technology and have expressed their intent to establish a supervisory framework comparable to that of securities trading.
High entry barriers have also been introduced for companies seeking to operate cryptocurrency exchanges. Businesses wishing to establish an exchange must secure a minimum legal capital of 10 trillion Vietnamese dong, or approximately $408 million. This amount is roughly three times the required capital to establish a standard commercial bank, and foreign ownership is capped at 49%. The Vietnamese government aims to ensure market stability through stringent capital requirements and to prioritize investor protection by preventing the proliferation of small, undercapitalized exchanges.
This tax reform aligns with a five-year cryptocurrency market pilot program launched in September 2025, under which all digital asset issuance and trading in Vietnam must be settled exclusively in Vietnamese dong (VND). The State Securities Commission of Vietnam began accepting license applications for trading platform operations on January 20, and with institutional frameworks now taking shape, efforts are accelerating to bring previously gray-area cryptocurrency capital flows into the formal economy.
Vietnam’s introduction of this tax regime is viewed as a strategic move to both enhance the maturity of the digital asset market and secure national fiscal revenue. While concerns have been raised that the abrupt imposition of taxes could dampen investor sentiment in the short term, the establishment of legal protections is expected over the long run to encourage participation from institutional investors. Through this regulatory tightening, Vietnam is reinforcing its position as a hub of the Southeast Asian blockchain ecosystem while continuing its push to play a leading role in shaping global cryptocurrency regulatory standards.
*Disclaimer: This article is for investment reference only, and no responsibility is assumed for any losses incurred based on its contents. The information provided should be interpreted solely for informational purposes.*
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