Vietnam Announces 0.1% Tax on Crypto Transactions
- Vietnam’s Ministry of Finance announces a 0.1% tax on crypto transactions.
- All digital assets, including BTC and ETH, are affected.
- Plan forms part of a regulated crypto market pilot program.
Vietnam’s Ministry of Finance has proposed a 0.1% tax on cryptocurrency trades in a draft circular announced for public consultation starting February 2026.
This proposal marks a regulatory effort to formalize crypto trading, reflecting Vietnam’s shift towards tighter oversight amid its high global adoption rate.
The draft circular proposes taxing the turnover of crypto-asset transfers via licensed platforms. The State Securities Commission of Vietnam oversees licenses for trading, requiring a minimum charter capital of 10 trillion Vietnamese dong for exchange operations.
Crypto Assets and the New Tax
This move impacts a broad range of assets, including BTC, ETH, and other altcoins, which are now subject to the tax. No data on trading metrics or market reactions have been released alongside this announcement. The financial implications are significant as Vietnam ranks high in global crypto adoption. The proposal formalizes previous taxation practices and introduces high capital requirements, potentially deterring new entrants to Vietnam’s market.
“We are proposing a 0.1% personal income tax on the turnover of each crypto-asset transfer through licensed platforms to align them with securities trading.” – Ministry of Finance, Government of Vietnam
Impact on Regulation and Compliance
The tax treatment echoes previous securities trading practices, imposing formal regulation where none existed. This shift marks a notable turn towards enhanced oversight of digital transfers in the country, highlighting evolving regulatory priorities. Potential outcomes include stricter government control over crypto trades and increased compliance costs for market participants. The introduction of this tax reflects broader global trends favoring regulation over the burgeoning crypto sector. For more details, you can refer to the Draft rules for crypto VAT and transfer taxes in Vietnam.
