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Clear Definitions and High Entry Barriers

The proposal also formally defines crypto assets as digital assets that rely on cryptographic or similar technologies for issuance, storage, and transaction verification. Alongside this definition, the draft sets strict requirements for exchange operators. Firms seeking to run digital asset trading platforms would need at least 10 trillion Vietnamese dong, or about $408 million, in charter capital. Foreign ownership would be allowed but limited to 49%.

Pilot Program and Licensing Push

These rules come as Vietnam continues its five-year pilot program for a regulated crypto market, launched in September 2025. Despite the country ranking among the top globally for crypto adoption, no firms initially applied, largely due to high capital and compliance hurdles.

To push the framework forward, Vietnam began accepting license applications for crypto exchanges in January 2026, marking a concrete step toward bringing the fast-growing sector under full regulatory oversight.

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FAQs

Is crypto trading legal in Vietnam?

Vietnam is implementing a formal regulatory pilot program for crypto trading, treating digital assets similarly to securities, with licensing for exchanges now open.

How is crypto taxed in Vietnam?

Individuals pay a 0.1% transaction tax per crypto transfer. Companies are taxed 20% on trading profits, aligning with standard corporate income tax rules.

Can foreigners own a crypto exchange in Vietnam?

Yes, but foreign ownership in licensed Vietnamese crypto exchanges is capped at 49%, with high capital requirements of approximately $408 million.

Do you pay tax on crypto profits in Vietnam?

Yes. Individuals pay via the 0.1% transaction levy. Corporate investors pay a 20% tax on net profits from crypto trading, after deducting costs.