Vietnam formally legalised crypto assets as of January 1, 2026 under the Law on Digital Technology Industry. A five-year pilot program (2025-2030) established by Resolution 05/2025/NQ-CP creates a licensing regime for crypto-asset trading market operators. The Ministry of Finance (MOF) is the lead regulator, with licensing applications accepted from January 20, 2026. Crypto is recognised as legal property and can be traded/invested but is NOT permitted as a means of payment. A pilot crypto-specific tax framework (Circular 32/2026, Circular 41/2026) took effect March-April 2026. Vietnam remains on the FATF grey list (February 2026).
| Status | Legal |
| Risk Score | 25/100 (Low Risk) |
| Region | southeast asia |
| Currency | VND |
| Capital Gains (Personal) | 0.1% PIT on gross transfer value per transaction (no traditional capital gains tax; tax is on revenue, not profit) |
| Capital Gains (Corporate) | 20% CIT |
| VAT on Crypto | No |
| Staking Tax | No specific guidance |
| Airdrop Tax | No specific guidance |
Individuals pay personal income tax of 0.1% of the sales proceeds on each transfer of digital assets, on the same basis as securities transfers. Corporate gains are taxed at 20% CIT. Ministry of Finance Circular No. 41/2026/TT-BTC (6 April 2026) guides tax declaration and payment in the crypto-asset market.
| Required | Yes |
| Regulator | MOF (lead); SSC, SBV, MPS (coordinating) |
| Framework | Law on Digital Technology Industry 2025 + Resolution 05/2025/NQ-CP (Pilot Crypto Market) + Decision 96/QD-BTC 2026 |
Crypto-asset trading market operators are licensed by the Ministry of Finance under the five-year pilot in Resolution No. 05/2025/NQ-CP, with a minimum charter capital of VND 10 trillion. Crypto-assets may not be used as a means of payment.
Enforcement focused on unlicensed operators and AML/KYC violations
| KYC Required | Yes |
| Travel Rule | — |
| FATF Member | No |
| FATF Status | grey_list |
| FATF Body | APG |
| Suspicious-Activity Reporting | Yes |
Status: Restricted
DeFi activities may face restrictions under existing financial regulations
Status: no_rules
No specific stablecoin framework; general financial regulations may apply
Status: no_rules
No specific NFT regulation; may be subject to existing financial rules
| Legal | No |
| Electricity Cost | $0.1/kWh |
| Renewable Energy | 18% |
| Infrastructure | fair |
Crypto mining is restricted in Vietnam with regulatory pilot programs ongoing. Electricity costs are relatively high compared to global mining hubs, and infrastructure is developing but not yet optimal for large-scale mining.
| Stability | moderate |
| Sanctions | No |
| Corruption Index | 39/100 |
| Banking Access | moderate |
| Sanctions Program Active | No |
Risk Factors
Vietnam has moderate political stability with ongoing reforms. It is not under international sanctions but has regulatory restrictions on crypto activities including mining. Corruption remains a challenge, and banking access for crypto firms is moderate.
Vietnam formally legalised crypto assets as of January 1, 2026 under the Law on Digital Technology Industry. A five-year pilot program (2025-2030) established by Resolution 05/2025/NQ-CP creates a licensing regime for crypto-asset trading market operators. The Ministry of Finance (MOF) is the lead regulator, with licensing applications accepted from January 20, 2026. Crypto is recognised as legal property and can be traded/invested but is NOT permitted as a means of payment. A pilot crypto-speci
Ho Chi Minh City is classified by FATF as: grey_list.
Yes, licensing is required for VASPs.
KYC is mandatory for crypto businesses.
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Explore IT Services →Last reviewed: 2026-10-02 · Data source: Soken Crypto Legal Map
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