Vietnam”s Ministry of Finance is moving forward with a proposal to implement a 0.1% personal income tax on cryptocurrency transactions executed through licensed platforms. This initiative aligns digital assets with the current stock market regulations, as reported by Hanoi Times.
The proposed tax will be applicable to the total transaction value and will encompass both residents and non-residents, including foreign investors. This regulatory measure is part of a broader five-year pilot program that commenced in September 2025, aiming to bring Vietnam”s expanding crypto market, which has largely existed in a gray area, under official oversight.
As of January 20, 2026, applications for licensing will open, with applicants required to meet a minimum capital threshold of 10 trillion VND, approximately $408 million. Additionally, there will be a restriction limiting foreign ownership to 49%.
Notably, under this regulatory framework, cryptocurrency transactions will be exempt from value-added tax. Companies involved in cryptocurrency trading will be subject to a corporate income tax of 20% on net profits derived from these transactions.
Industry analysts have expressed that while the introduction of a low tax rate could foster greater compliance and transparency within the market, the substantial capital requirements for exchanges may pose challenges, potentially restricting the number of license applications and affecting overall market liquidity.
