Vietnam is drawing up a tax policy for cryptocurrency trading and is pursuing a plan to treat digital assets the same as securities, Cointelegraph reported on Friday.
Vietnam's Ministry of Finance proposed imposing a 0.1 percent personal income tax on cryptocurrency trades. This is the same tax applied to stock trading and would apply to all investors regardless of residency. Value-added tax (VAT) would be exempt.
For companies, a 20 percent corporate tax would be imposed on profits from cryptocurrency trading. It would be calculated based on net profit after deducting purchase costs and related expenses. Operating a cryptocurrency exchange would require minimum capital of 10 trillion dong ($408 million), and foreign ownership would be capped at 49 percent.
The regulation is being pursued as part of a five-year pilot programme for the cryptocurrency market set to take effect from September 2025. The Vietnamese government is accelerating moves to bring cryptocurrency into an official regulatory framework and is expected to begin accepting licence applications to operate cryptocurrency exchanges from 2026.
Chi-gyu Hwang
delight@d-today.co.kr