Vietnam Proposes 0.1% Tax on Crypto Trades Under New Securities Framework

Vietnam has proposed a 0.1% tax on cryptocurrency transactions under a new regulatory framework that treats digital assets like traditional securities. The draft, issued by the Ministry of Finance, aims to bring crypto trading under formal oversight while aligns it with existing tax rules for stock trades.

The tax will apply to individuals trading or transferring cryptocurrencies via licensed service providers. It will also extend to non-residents, ensuring consistency in tax collection within the regulated system.

Corporate investors face a different structure. Companies earning profits from crypto trades will be subject to a 20% corporate income tax after deducting purchase costs and expenses, mirroring the treatment of other business income.

Why Did Vietnam Introduce the Tax Framework?

Vietnam's government sees the need to formalize crypto regulation as adoption continues to grow. The new tax framework also reflects a broader effort to integrate digital assets into the traditional financial system, reducing regulatory ambiguity.

The draft defines crypto assets as digital items secured by cryptographic or similar technologies, emphasizing their financial rather than consumer nature.

How Will the New Tax Regime Impact the Market?

Operators of digital asset exchanges must meet strict requirements, including a minimum charter capital of 10 trillion Vietnamese dong ($408 million). Foreign ownership in these exchanges is limited to 49%.

Vietnam launched a five-year pilot program for a regulated crypto market in September 2025. However, early participation has been limited due to high entry barriers. The country began accepting applications for crypto exchange licenses in January 2026, signaling progress in the regulatory process.

The government's push for clarity comes as Vietnam ranks fourth globally in crypto adoption, according to Chainalysis. With a formal regulatory framework in place, the government aims to balance investor access with control and stability.

What Are Analysts Watching Next?

The impact of the proposed tax on trading volumes is a key point of focus. Analysts are also monitoring whether the high capital requirements will deter innovation or lead to consolidation in the sector.

Another focus is the effectiveness of the pilot program in managing crypto-related risks. The government's ability to enforce compliance and ensure transparency will be crucial to the success of the new framework.

The rollout of this tax system could position Vietnam among the more structured crypto regulatory environments in Asia. However, challenges remain in maintaining market stability while encouraging growth and innovation.