- Vietnam proposes 0.1% personal income tax on crypto transfers through licensed platforms nationwide (99 characters)
- Vietnamese institutional investors will face 20% corporate income tax on crypto transfer profits (97 characters)
- Five-year crypto pilot program launched September 2025, all transactions must use Vietnamese dong (99 characters)
- Digital asset exchanges require VND10 trillion minimum capital, three times higher than banks (95 characters)
Vietnam’s Ministry of Finance has released a draft circular proposing a 0.1% personal income tax on crypto asset transfers through licensed platforms.
The tax framework mirrors the current securities trading regime and applies regardless of residency status. Vietnamese institutional investors will face a 20% corporate income tax on crypto transfer income.
The draft exempts crypto transactions from value-added tax while establishing clear tax obligations for market participants.
Tax Framework Mirrors Securities Treatment
The draft circular introduces a straightforward taxation approach for crypto asset transfers in Vietnam. Individual investors will pay 0.1% of transaction turnover per transfer when using platforms operated by licensed service providers. This rate matches the existing tax treatment for securities trading in the country.
The framework applies to all individual investors conducting crypto transfers through regulated channels. Residency status does not affect the tax obligation under the proposed rules.
Both Vietnamese residents and foreign individuals will face the same 0.1% rate on transaction turnover.
The Ministry of Finance has exempted crypto asset transfers and trading from value-added tax requirements. This classification treats crypto activities as non-taxable for VAT purposes.
The exemption reduces the overall tax burden on crypto transactions compared to many traditional financial activities.
Corporate investors established in Vietnam face different tax obligations under the draft framework. These institutional investors will pay 20% corporate income tax on profits from crypto asset transfers. Taxable income is calculated as the selling price minus purchase costs and directly related expenses.
Pilot Program Sets High Entry Barriers
Vietnam officially launched a five-year pilot program for the crypto asset market in September 2025. The pilot phase requires all crypto activities to be conducted in Vietnamese dong.
Trading, issuance, and payments must use the national currency during this experimental period.
The pilot program encompasses multiple aspects of the crypto market ecosystem. Activities include the offering and issuance of crypto assets. The framework also covers the organization of trading markets and the provision of related services.
Regulatory authorities are implementing the pilot on a cautious and controlled basis. The approach prioritizes safety, transparency, and protection of participant rights. Both organizations and individuals engaged in the market receive safeguards under the framework.
The draft rules establish substantial capital requirements for digital asset exchanges. Enterprises must maintain a minimum charter capital of VND10 trillion, equivalent to $408 million.
This threshold stands three times higher than the requirements for commercial banks and 33 times that of aviation transport companies. Foreign investors can hold up to 49% equity in these exchanges under current proposals.
The Ministry of Finance has opened the draft circular for public consultation. Before this dedicated framework, crypto transfers were taxed using the same methods as securities transactions. The new rules aim to provide clarity and structure for Vietnam’s emerging crypto market.
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Source: https://blockonomi.com/vietnam-proposes-0-1-tax-on-crypto-transfers-in-new-draft-framework/
