Vietnam Drafts Tax Regulations for Crypto Asset Transactions

New Tax Framework for Crypto Assets The Vietnamese Ministry of Finance has prepared a comprehensive draft circular establishing tax policies for the transaction, transfer, and trading of crypto assets.
This regulation is being implemented in accordance with Government Resolution No.
05/2025/NQ-CP, issued on September 9, 2025, which sets the stage for a pilot application of the cryptocurrency market in the country.
Under the new regulation, until a specific tax regime for the cryptocurrency market is fully established, existing tax policies applied to securities will serve as the basis for these asset transactions.
The Ministry of Finance has been designated as the authority responsible for guiding tax applications during this transition period.
Definitions and Scope The draft text defines digital assets as assets created, stored, and verified electronically through digital technology.
However, this definition excludes securities, digital forms of fiat currencies, and other traditional financial assets.
Tax Implementation Details The proposed tax policy is structured under three main categories: Value Added Tax (VAT): The transfer and trading of crypto assets will be exempt from VAT.
However, ancillary services provided in connection with these transactions will remain subject to general VAT laws.
Corporate Income Tax: Businesses will pay a 20% tax on net gains derived from crypto asset transfers.
Foreign entities will be subject to a 0.1% tax on gross revenue obtained from each transfer conducted through service providers.
Personal Income Tax: Individual investors, regardless of residency status, will be required to pay a 0.1% tax on income derived from every transfer made through trading platforms.
The processes for accounting for income and gains will be carried out in alignment with existing securities transfer regulations.
The draft has been made available on the Ministry of Finance's official portal to gather public feedback and suggestions.