Vietnam has proposed a new crypto tax framework that treats crypto transactions in a similar way to securities trades.
The Ministry of Finance released a draft sharing how crypto asset transfers, trading activities, and other related income would be taxed. The proposal is part of Vietnam’s broader effort to bring clarity, oversight, and structure to a market that has so far operated under interim rules.
Under this new framework that is proposed, individuals who transfer or trade crypto assets through any exchange platforms run by licensed service providers would be required to pay a personal income tax of 0.1% on the total amount of token they transact.
This tax is calculated on turnover rather than profit, it basically means that the tax is added whether the trader makes gain or loss.
The ministry also noted that this tax approach is similar to how other securities are taxed in Vietnam. Previously, before this new tax law, crypto transfers and trading were being taxed in the same way as assets in the stock market, showing that the proposed framework is a continuation of the already existing laws, rather than a policy shift.
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Under the new law, traders would not be charged VAT on their transactions, reducing the overall tax burden compared to other forms of commercial activity.
For companies based in Vietnam earning income from any kind of digital asset transfer, the new draft proposes a corporate income tax rate of 20%. In this case, taxable income would be calculated as the selling price minus the purchase price and any expenses directly related to the transfer.
Vietnam’s Five-Year Pilot Program and How They Intend to Control the Market
The proposed tax rules are linked to Vietnam’s official pilot program for managing and controlling the crypto market. The pilot program started in September 2025, and is expected to run for five years. For the next five years, all crypto offerings, issuance, trading, and payments must be conducted exclusively in Vietnamese Dong.
According to the Ministry of Finance, the pilot is designed to be implemented in a cautious and tightly controlled manner. Authorities say the goal is to ensure market safety, transparency, and the protection of the lawful rights and interests of both individuals and organizations participating in the crypto ecosystem.
Also Read: Vietnam’s Crypto Licensing Begins Jan 20: What Investors Should Know
