Vietnam has planned to impose a 0.1% tax on cryptocurrency transactions

The Vietnamese market is becoming more regulated

Vietnam is preparing to impose a 0.1% transaction tax on cryptocurrency transactions — aiming to unify the tax regime for digital assets with stocks and listed securities — according to draft amendments to the Law on Taxation and the Law on Securities.

This proposal, expected to be submitted to Parliament in the March 2026 session , would apply a 0.1% securities transaction tax (currently applied to stock transactions) to all spot cryptocurrency trading volumes executed on licensed domestic platforms.

• Tax rate: 0.1% on the value of each purchase or sale transaction (similar to stocks).

• Scope of application: Applies to transactions on licensed platforms in Vietnam (pilot exchanges are expected to launch in mid-2026).

• Foreign transactions: Not directly taxed under this regulation, but Vietnam continues to restrict the use of foreign platforms through capital controls and banking restrictions.

• Return on capital: Remains at 20% of realized profit (effective from 2022), with a new 0.1% transaction tax added.

• Exemptions & Thresholds: Under consideration — small transactions ( < VND 10-20 million/transaction ) may be exempted to protect individual users.

• Collection mechanism: Automatic deduction by licensed exchanges (similar to deductions by securities brokerage firms)

The Ministry of Finance estimates that the 0.1% transaction tax could generate 500-1,000 billion VND (~20-40 million USD) annually as the pilot exchanges expand, assuming 10-20% of current trading volume shifts domestically.

This move is part of a broader effort by Vietnam to formalize its massive cryptocurrency market (estimated at 17-21 million users and annual trading volume of $100-150 billion ) while generating new tax revenue and reducing reliance on foreign exchanges.

Impact on retail investors

By regulating cryptocurrency taxes similarly to stock taxes, Vietnam demonstrates that it views digital assets not merely as novel speculative products but as financial instruments intrinsically linked to the capital market. This approach eases regulatory difficulties while providing a familiar compliance pathway for brokers, exchanges, and custodians. It also shows a preference for supervised market participation, rather than outright restrictions or bans.

Individual traders in Vietnam – who dominate the domestic cryptocurrency market – will face higher transaction costs, particularly for high-frequency and short-term trading strategies. However, clarity can offset the costs: official recognition often precedes better consumer protections, dispute resolution mechanisms, and more tightly regulated access channels.

Impact on international exchanges

For exchanges operating in or targeting Vietnam, this tax proposal increases the incentive to localize operations, integrate reporting systems, and obtain licenses. Platforms that can automate tax collection and reporting may gain a competitive advantage, while foreign or informal channels may see reduced usage.

Assessment and Conclusion

By adjusting the cryptocurrency transaction tax to match the current securities transaction tax of 0.1%, Vietnam is adopting a pragmatic, revenue-focused approach to formalizing its massive cryptocurrency market. This low tax rate minimizes disruption while generating new revenue and encouraging a shift toward regulated domestic platforms.

This is not a punitive crackdown — but a step toward normalization. Cryptocurrency is being viewed as a legitimate financial instrument, not an opaque asset. Combined with upcoming licensed exchanges (mid-2026) and the USDT-VND pilot program in Da Nang, Vietnam is quietly building one of the most structured cryptocurrency markets in Southeast Asia.

Disclaimer: The information presented in this article is the author's personal opinion in the field of cryptocurrency. This is not financial or investment advice. All investment decisions should be based on careful consideration of your personal portfolio and risk tolerance. The views expressed in this article do not represent the official stance of the platform. We recommend that readers conduct their own research and consult with experts before making any investment decisions.

Compiled and analyzed by HCCVenture

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