Vietnam to Introduce 0.1% Tax on Crypto Asset Transfers

New Tax Regime for Crypto Assets The Vietnamese Ministry of Finance has released a comprehensive draft circular regulating the trading and transfer of crypto assets.
Under the proposed regulation, crypto assets will be subject to a tax regime similar to existing securities during a pilot implementation period.
The draft plans for individual investors, regardless of residency status, to pay a 0.1% tax on income derived from every transfer.
On the corporate side, domestic entities are expected to face a 20% corporate tax on net profits, while foreign entities will be required to pay a 0.1% tax on each transaction's income.
Companies operating crypto trading platforms will be taxed at 20% on earnings from their services.
Five-Year Pilot Program and Platform Requirements These regulations are part of Government Decree 05/2025, which is scheduled to launch in September 2025 and envisions a five-year trial period for the cryptocurrency market.
To increase transparency, the Ministry of Finance has set exceptionally high capital requirements for trading platforms.
The minimum capital requirement is set at three times the limit required for commercial banks and approximately 33 times that required for airlines.
Additionally, these platforms must have at least 65% institutional ownership, with foreign investment capped at 49%.
Seven license applications are currently being reviewed in coordination with the Ministry of Public Security and the State Bank of Vietnam.
Industry Warnings on Competitiveness The Vietnam Blockchain and Digital Assets Association (VBA) has warned that the proposed 0.1% tax rate may not align with the dynamics of the digital asset market.
VBA representatives noted that while this rate is considered reasonable for securities, it could impose a heavy burden on investors in the high-frequency crypto market and weaken the competitiveness of local exchanges.
Experts point out that many countries globally adopt a taxation model based on realized profits rather than transaction volume.
Industry stakeholders are calling for the regulation to be adjusted so that tax obligations only arise when users realize their profits.