TechFlow News, February 7: According to HanoiTimes, Vietnam’s Ministry of Finance has proposed taxing cryptocurrency transfer transactions conducted via licensed service providers at a rate of 0.1%—matching the current tax rate applied to stock trading. Under the draft policy, individual investors—regardless of their residency status—must pay a 0.1% tax on the transaction value for each cryptocurrency transfer. Institutional investors’ profits from cryptocurrency transfers will be subject to a 20% corporate income tax, calculated on net profit after deducting purchase costs and related expenses. However, cryptocurrency transfers and trading will be exempt from value-added tax (VAT).
The draft also formally defines “cryptocurrency assets” as digital assets whose issuance, storage, and transmission verification rely on cryptographic or similar technologies. It proposes a statutory minimum capital requirement of 10 trillion Vietnamese dong (approximately USD 408 million) for operating a digital asset exchange, with a foreign ownership cap of 49%.
