Vietnam’s Crypto Market to Levy 0.1% Tax on Individual Transactions
The 0.1% transaction tax (Personal Income Tax) on individual crypto asset transactions in Vietnam is a key step by the Vietnamese government to push for the legalization, standardization, and domestic regulation of digital assets.
Key Highlights of Vietnam’s Crypto Transaction Tax Policy
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Tax Rate and Basis of Assessment: Mirroring Vietnam’s current securities transaction tax rate, a 0.1% withholding tax will be applied to the total transaction value (turnover) of each crypto asset transfer conducted by individual investors through licensed platforms, rather than taxing net profits alone.
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Exemption from Additional Taxes: Digital asset transactions by individual investors are exempt from Value Added Tax (VAT).
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Comparison for Institutional Investors: Net profits earned by domestic enterprises from transferring crypto assets are subject to a 20% Corporate Income Tax (CIT). Foreign institutions trading through compliant Vietnamese platforms are likewise subject to the 0.1% transaction tax.
Core Intentions Behind Vietnam’s Crypto Tax Policy
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Guiding Transactions Toward Domestic Compliance
Vietnam ranks among the top globally in crypto adoption (with annual transaction volume reaching hundreds of billions of USD), but the market has long operated OTC and underground. By setting a low tax rate (0.1%), the policy aims to incentivize investors to move away from the black market and unregulated overseas platforms toward licensed domestic exchanges (such as pilot platforms TCEX and VIXEX Vietnam crypto exchange ).
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Establishing a Dedicated Regulatory and Anti-Tax Evasion Framework
In tandem with the 0.1% transaction tax, Vietnamese tax authorities have formally established dedicated tax identification codes for crypto-related business activities (e.g., enterprise code 1059) alongside recovery mechanisms, officially integrating crypto assets into the national financial regulatory system.
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Mitigating Capital Outflow and Anti-Money Laundering (AML) Risks
Alongside the implementation of the tax framework, the Vietnamese government tends to restrict services from unlicensed foreign exchanges, promoting the “localization of trading” while curbing the risk of disorderly capital flight.