According to the Hanoi Times, Vietnam's Ministry of Finance has proposed treating digital assets like stocks and imposing a 0.1% personal income tax on virtual currency transactions conducted through licensed platforms.
This tax applies to the total amount of transactions by both residents and non-residents, including foreign investors.
The proposal is part of a five-year pilot program that began in September 2025 to regulate Vietnam's growing cryptocurrency market, which has largely operated in a gray area. License applications will begin on January 20, 2026, with conditions including a minimum capital of VND10 trillion (approximately $408 million) and a maximum foreign investment ratio of 49%.
Under this framework, cryptocurrency transactions are exempt from value-added tax. Companies trading virtual currencies will pay a 20% corporate tax on net profits from the transfer.
Analysts say that while lower tax rates could improve compliance and transparency, exchanges' higher capital requirements could limit license applications and market liquidity.
