Vietnam’s Ministry of Finance has put forward for public consultation a draft tax framework for cryptocurrency transactions, proposing a turnover-based tax on each transaction for both individuals and legal entities.
The Vietnamese authorities plan to impose income tax on all cryptocurrency transfer and trading operations. The tax calculation mechanism will fully replicate the current model for taxing securities transactions.
According to the document, all individual investors, both residents and non-residents, would be required to pay 0.1% of transaction turnover on each deal. At the same time, transactions involving digital assets would be exempt from value-added tax. For legal entities established in Vietnam and earning income from crypto asset transfers, a corporate income tax rate of 20% is proposed. The taxable base would be calculated as the difference between the selling price and the purchase price, including expenses directly related to the transaction.
The draft defines cryptocurrency assets as digital assets that use cryptographic or other digital technologies to verify their creation, issuance, storage, and transfer.
The authorities have also set stringent requirements for market infrastructure. To establish a digital asset exchange, a company must have a minimum charter capital of 10 trillion VND ($408M), which is three times higher than the minimum requirement for commercial banks and approximately 33 times higher than that for aviation companies. Foreign ownership in such exchanges would be capped at 49%.
Vietnam has been developing a legal framework for regulating the cryptocurrency market since 2017. In 2022, the Ministry of Justice began drafting the regulatory framework, and in 2025 the National Assembly adopted the Digital Industry Law, formally legalizing digital assets in the country.
