Taxes · 🇻🇳 Vietnam
Crypto and tokenized asset taxes in Vietnam
Individuals pay 0.1% personal income tax on the gross transfer value of each crypto sale through a licensed Vietnamese provider, withheld by the provider; no VAT.
Also in: vi
Crypto
Gains
0.1% of gross transfer value per transaction
Losses
The tax is on gross sale value, not on profit, so losses do not reduce it.
Also
Legal basis: Law on Digital Technology Industry (No. 71/2025/QH15, from 1 Jan 2026) recognises digital assets; Resolution 05/2025/NQ-CP (9 Sept 2025) runs a five-year pilot crypto market with licensed providers; Circular 32/2026/TT-BTC (27 March 2026) sets the 0.1% tax. The new Personal Income Tax Law 109/2025/QH15 (from 1 July 2026) also sets 0.1% on digital asset transfers.
Income and tokenized assets
Staking, lending, yield
No specific guidance found on staking, lending, DeFi yield or airdrops; Circular 32 covers only transfers of crypto assets.
Tokenized stocks, bonds, funds
No specific guidance on tokenized stocks, ETFs, bonds or fund units. Resolution 05 excludes crypto assets backed by securities or fiat currency from the pilot, so such tokens are not part of the licensed market; the 0.1% rule is described only for crypto assets.
Tokenized gold
The 2025 Personal Income Tax Law sets 0.1% on the transfer price of gold bullion; whether tokenized gold counts as gold or as a crypto asset is not addressed.
Filing
Tax year
Calendar year; the 0.1% crypto tax is withheld per transaction by the licensed provider
Reporting
The licensed provider withholds the tax when a trade completes, remits it monthly and issues an annual withholding certificate. From 1 September 2026 (Decree 284/2026), domestic investors can be fined VND 30–50 million for trading outside licensed providers, once the licensed-platform requirement applies (six months after the first licence).
Tax authority
Watch out
- The tax applies to every sale, even at a loss.
- Trading on unlicensed or foreign platforms can be fined once the rule applies.
- No licence had been issued by late August 2026; check whether licensed platforms are operating.
- The tax rules are for the pilot period (up to five years) and may change.
Sources
- Baker McKenzie – Vietnam pilot tax framework for crypto · bakermckenzie.com
- Vietnam News – 0.1% tax on transfer of crypto assets · vietnamnews.vn
- GV Lawyers – Circular 32/2026 legal alert · gvlawyers.com.vn
- EY – New Personal Income Tax Law 109/2025/QH15 · ey.com
- Allen & Gledhill – Digital technology framework and pilot · allenandgledhill.com
- Vietnam News – Fines for unlicensed platforms · vietnamnews.vn
Not confirmed
- Exclusion of securities- or fiat-backed tokens from the pilot is from general knowledge of Resolution 05, not re-read in the text.
- Whether a first CASP licence has been issued since late August 2026 (six-month clock).
- Tax on trades through foreign platforms by residents (not addressed by Circular 32).
- Staking, airdrops and tokenized gold treatment.
- Existing summary (29 Oct) is consistent; it lacks the PIT Law 109/2025 and Law 71/2025 context.
Researched 2026-11-01 for private individuals resident in Vietnam. Information, not tax advice — rules change; check the tax authority before you file.