Vietnam shifted from a regulatory grey zone to a controlled pilot market in 2026. The Law on Digital Technology Industry (effective 1 January 2026) legally classifies crypto assets as property. Resolution 05/2025/NQ-CP launched a 5-year pilot programme (2025-2030) for crypto issuance and trading. The Ministry of Finance (MOF) is the lead regulator, accepting exchange licence applications from 20 January 2026. Crypto remains banned as a means of payment; stablecoins backed by fiat or securities are prohibited; all transactions must settle in Vietnamese Dong. Minimum capital for a licensed exchange is VND 10,000 billion (~USD 380-400 million). DeFi remains outside the pilot scope.
| Status | Restricted |
| Risk Score | 67/100 (High Risk) |
| Region | southeast asia |
| Currency | VND |
| Capital Gains (Personal) | 0.1% PIT on gross transfer value per transaction (Circular 32/2026/TT-BTC, 27 March 2026). Alternatively, 20% on net profit with first VND 10 million annual gains exempt. The 0.1% turnover-based rate mirrors the securities transaction tax mechanism. Mining/staking/airdrop income taxed as personal income at progressive rate 5-35%. |
| Capital Gains (Corporate) | 20% CIT standard rate for Vietnamese corporate sellers on net income from crypto transfers (proceeds minus cost and expenses). Preferential rates of 15-17% available if annual revenue thresholds met. Foreign corporate sellers subject to 0.1% withholding tax on gross transfer value per transaction. |
| VAT on Crypto | No |
| Staking Tax | Unclear - no specific guidance |
| Airdrop Tax | Unclear |
No crypto-specific tax guidance available.
| Required | Yes |
| Regulator | MOF |
| Framework | Law on Digital Technology Industry 2025 (effective 1 January 2026) + Government Resolution No. 05/2025/NQ-CP (9 September 2025) establishing 5-year crypto pilot market (2025-2030) + Ministry of Finance Decision No. 96/QĐ-BTC (January 2026) for licensing + Circular No. 32/2026/TT-BTC (27 March 2026) for tax |
| Ease | very_complex |
| Cost (USD) | N/A - no licensing pathway |
No detailed enforcement information available
| KYC Required | Yes |
| Travel Rule | No |
| FATF Member | No |
| FATF Status | grey_list |
| FATF Body | APG |
| Suspicious-Activity Reporting | Yes |
Status: unregulated
Status: Restricted
Status: unregulated
| Legal | No |
| Electricity Cost | $0.07/kWh |
| Renewable Energy | 35% |
| Infrastructure | fair |
Crypto mining is restricted in Vietnam; no formal licensing or support. Electricity cost is moderate with 35% renewable energy. Tropical climate affects cooling costs. Infrastructure is fair but limited for large scale mining.
| Stability | moderate |
| Sanctions | No |
| Corruption Index | 39/100 |
| Banking Access | restricted |
Risk Factors
Vietnam has moderate political stability with ongoing regulatory uncertainty around crypto. It is not under international sanctions. Corruption remains a challenge, and banking access for crypto firms is restricted.
Vietnam shifted from a regulatory grey zone to a controlled pilot market in 2026. The Law on Digital Technology Industry (effective 1 January 2026) legally classifies crypto assets as property. Resolution 05/2025/NQ-CP launched a 5-year pilot programme (2025-2030) for crypto issuance and trading. The Ministry of Finance (MOF) is the lead regulator, accepting exchange licence applications from 20 January 2026. Crypto remains banned as a means of payment; stablecoins backed by fiat or securities a
Vietnam 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: 2026-06-01 · Data source: Soken Crypto Legal Map
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