Vietnamese authorities have proposed implementing a tax on cryptocurrency transactions., 2026/02/07 13:12:35

The Ministry of Finance of Vietnam has suggested implementing a tax of 0.1% on transactions involving digital assets and tightening licensing standards for cryptocurrency exchanges.

According to the ministry’s proposal, individuals conducting transfers of crypto assets through licensed providers will be subject to an income tax of 0.1% on the total amount of each transaction. A similar mechanism is already in place for stock transactions, effectively equating cryptocurrency trades with traditional financial activities.

A distinct tax regime is planned for corporate participants. Income generated by institutional investors and companies from digital asset transactions will be taxed at a corporate profit tax rate of 20%. The tax base will be calculated considering deductions for the costs of acquiring assets and related expenses.

Companies intending to launch and operate cryptocurrency exchanges will be required to have a minimum charter capital of 10 trillion Vietnamese dong (approximately $408 million). This threshold exceeds the requirements set for commercial banks and is significantly stricter than standards for most other sectors of the economy. While foreign investors are permitted to participate, their ownership stake in the exchange will be capped at 49%.

Previously, the Ministry of Finance of Vietnam announced the commencement of accepting applications from companies wishing to provide cryptocurrency trading services and clarified the requirements that crypto services must adhere to in order to operate within the country.