Crypto Traders In Vietnam Face New 0.1% Levy As Tax Rules Tighten
Vietnam’s crypto scene is about to face a brand new tax verify. Reports say the Ministry of Finance has floated a draft that will cost a 0.1% levy on every crypto commerce or switch that passes by means of licensed platforms.
The transfer treats crypto transactions extra like inventory trades than informal peer-to-peer transfers, and it will apply even when a commerce doesn’t produce a achieve.
Cryptocurrency Transfers To Be Taxed Like Stock Trades
According to the draft, the cost is turnover-based — taken on the total worth moved — somewhat than solely on earnings. That element issues as a result of it raises the price of buying and selling for retail customers who typically make many small strikes.
Reports be aware the proposal was put out for public remark and would sit inside a broader plan to control the market extra tightly.
Tax Breaks For VAT And Corporate Rules
Reports say transfers and buying and selling can be exempt from VAT, however corporations and establishments wouldn’t escape tax totally. Domestic firms that earn revenue from buying and selling would face a 20% company tax on their web earnings after deductible prices.
In apply, meaning exchanges and fund managers working inside Vietnam must construct tax accounting into their core programs.
Vietnam Sets High Capital Bar For Exchanges
Beyond taxes, regulators are pushing tough licensing rules. Reports say native licensing steering requires a minimal contributed capital of VND 10 trillion — roughly US$380–$408 million relying on the alternate price — together with strict governance and tech safeguards.
That threshold is prone to preserve out many smaller operators and shift market share towards huge, well-funded corporations.
How The Pilot Program Frames The Rules
Reports be aware 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 deliver buying and selling, custody, and issuance below clearer guidelines whereas tying transactions to the Vietnamese dong and AML controls. For customers, meaning routine transfers might quickly carry each seen prices and extra paperwork.
Expected Market Drag On Volume
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 appeal to institutional capital that shuns authorized grey zones.
Reports from native shops present a mixture of concern and cautious optimism because the market weighs increased compliance prices in opposition to the worth of formal oversight.
Featured picture from Pexels, chart from TradingView
