How is crypto taxed in Vietnam?

Vietnam taxes crypto with a flat transfer tax rather than a tax on profit for individuals. Under Ministry of Finance Circular 32/2026/TT-BTC, signed and in force from March 27, 2026, individual investors pay 0.1% of the value of each crypto transfer made through service providers in Vietnam. As of October 2026, these are temporary rules tied to the country's five-year crypto pilot.

Does Vietnam tax crypto?

Yes, since 2026. Before then, crypto sat in a legal gray zone with no specific tax rules. That changed when the government launched a pilot crypto market under Resolution 05/2025/NQ-CP on September 9, 2025. The resolution said crypto would be taxed like securities for the time being, and Circular 32/2026 filled in the details.

The circular applies during the pilot period, or until an official tax policy replaces it. The resolution also requires offering, issuance, trading and payment in the pilot market to be in Vietnamese dong, and participants must follow anti-money laundering and cybersecurity rules.

What is Vietnam's crypto tax rate?

The rate depends on who is selling:

• Individuals, resident or not: 0.1% personal income tax on the full transfer price of each transaction through a Vietnamese crypto service provider.
• Foreign organisations: 0.1% corporate income tax on the revenue from each transfer through a Vietnamese provider.
• Vietnamese companies: 20% corporate income tax on crypto transfer income, with lower 15% and 17% rates for smaller firms under the 2025 Corporate Income Tax Law.

For companies, taxable income is the selling price minus the purchase price and costs backed by valid invoices.

How does the Vietnam crypto transfer tax work?

The 0.1% tax works like Vietnam's tax on selling shares. It is charged on the whole value of each transfer, not on the gain, so a person who sells at a loss still owes it. For example, selling crypto worth VND100 million through a provider would mean VND100,000 in tax, whatever the original purchase price was. The tax applies to transfers made through crypto asset service providers in Vietnam.

Crypto transfers and trading are exempt from VAT, according to the circular. Other crypto-related services can still be subject to VAT under existing rules.

How do Vietnam's crypto tax laws link to the pilot exchanges?

The tax rules assume trading happens through providers licensed under the pilot. As of late August 2026, VietNamNet reported that no exchange had yet been licensed, though five firms had passed a first assessment. Domestic investors must move to licensed providers six months after the first licence is issued. The licensing rules, fines and payment ban are covered in is crypto legal in Vietnam. For how other countries handle crypto tax, see crypto tax around the world.

Rules differ by country and change often. Check the tax authority or a qualified professional for your own situation.