Vietnam’s crypto scene is about to face a brand new tax examine. Reviews say the Ministry of Finance has floated a draft that may cost a 0.1% levy on every crypto commerce or switch that passes by way of licensed platforms.
The transfer treats crypto transactions extra like inventory trades than informal peer-to-peer transfers, and it might apply even when a commerce doesn’t produce a acquire.
Cryptocurrency Transfers To Be Taxed Like Inventory Trades
In accordance with the draft, the cost is turnover-based — taken on the total worth moved — somewhat than solely on income. That element issues as a result of it raises the price of buying and selling for retail customers who typically make many small strikes.
Reviews notice the proposal was put out for public remark and would sit inside a broader plan to manage the market extra tightly.
Tax Breaks For VAT And Company Guidelines
Reviews say transfers and buying and selling could be exempt from VAT, however corporations and establishments wouldn’t escape tax solely. Home firms that earn revenue from buying and selling would face a 20% company tax on their web income after deductible prices.
In follow, which means exchanges and fund managers working inside Vietnam should construct tax accounting into their core techniques.
Vietnam Units Excessive Capital Bar For Exchanges
Past taxes, regulators are pushing powerful licensing guidelines. Reviews say native licensing steerage requires a minimal contributed capital of VND 10 trillion — roughly US$380–$408 million relying on the trade fee — together with strict governance and tech safeguards.
That threshold is prone to preserve out many smaller operators and shift market share towards massive, well-funded corporations.
How The Pilot Program Frames The Guidelines
Reviews notice this tax push is a part of a five-year pilot for a regulated crypto market that started in late 2025.
The pilot goals to convey buying and selling, custody, and issuance underneath clearer guidelines whereas tying transactions to the Vietnamese dong and AML controls. For customers, which means routine transfers could quickly carry each seen prices and extra paperwork.
Anticipated Market Drag On Quantity
Some merchants fear the added 0.1% drag will minimize liquidity and nudge short-term gamers away from onshore platforms. Others say that clear guidelines may entice institutional capital that shuns authorized grey zones.
Reviews from native retailers present a mixture of concern and cautious optimism because the market weighs larger compliance prices towards the worth of formal oversight.
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