---
type: city
domain: crypto-regulation
status: stable
tags: ["crypto-regulation", "southeast_asia", "apg", "restricted"]
aliases: ["VN-SGN", "VNM-SGN"]
created: 2026-04-13
updated: 2026-04-02
compile_into: ["[[country--vietnam]]"]
sources:
  - name: "State Bank of Vietnam"
    url: "https://www.sbv.gov.vn"
    type: "official"
  - name: "No crypto framework"
    url: "https://www.sbv.gov.vn"
    type: "framework"
---

# 🇻🇳 [[city--ho-chi-minh-city|Ho Chi Minh City]] (VN-SGN) — Crypto Regulation

> Vietnam currently has a restricted regulatory stance on cryptocurrency with no specific crypto framework in place. The central bank and financial authorities maintain tight control over crypto activities, and there is no formal licensing regime for crypto businesses.

## Overview

| Field | Value |
|-------|-------|
| Status | Restricted |
| Sub-jurisdiction of | [[country--vietnam|Vietnam]] |
| Risk Score | 55/100 (High Risk) |
| Enforcement Level | Moderate |
| Region | [[domain--asia-pacific|southeast asia]] |
| Currency | [[entity--vnd|VND]] |

## Tax

| Type | Rate |
|------|------|
| Capital Gains (Personal) | Under review |
| Capital Gains (Corporate) | 20% CIT |
| VAT on Crypto | No |
| Mining Tax | No specific guidance |
| Staking Tax | No specific guidance |
| Airdrop Tax | No specific guidance |

No crypto-specific tax guidance available.

## Licensing

| Field | Value |
|-------|-------|
| Required | No |
| Regulator | [[entity--sbv|SBV]] |
| Framework | No crypto framework |
| Ease | N/A |
| Cost | N/A |
| Timeline | N/A months |

No licensing framework yet. Government developing regulatory framework targeting 2025-2026. Inherits SBV oversight from parent VN.

## AML / KYC

| Field | Value |
|-------|-------|
| KYC Required | No |
| Travel Rule | No |
| FATF Member | No |
| FATF Status | non_compliant |

## DeFi

**Status:** Restricted

DeFi activities may face restrictions under existing financial regulations

## Stablecoins

**Status:** no_rules

No specific stablecoin framework; general financial regulations may apply

## NFTs

**Status:** no_rules

No specific NFT regulation; may be subject to existing financial rules

## Mining

| Field | Value |
|-------|-------|
| Legal | No |
| Electricity Cost | $0.1/kWh |
| Renewable Energy | 18% |
| Climate | tropical |
| Infrastructure | fair |

Crypto mining is restricted in Vietnam with no formal legal framework supporting it. Electricity costs are relatively high compared to global mining hubs. Infrastructure is developing but not yet optimal for large scale mining.

## Geopolitics

| Field | Value |
|-------|-------|
| Stability | stable |
| Sanctions | No |
| Corruption Index | 39/100 |
| Ease of Business | moderate |
| Internet Freedom | partly_free |
| Banking Access | restricted |

## Enforcement

Enforcement focused on unlicensed operators and AML/KYC violations

## CBDC Status: exploring

---

*Data source: [Soken Crypto Legal Map](https://soken.io/crypto-map/). Last reviewed: 2026-04-13.*

**Sources:**
- [State Bank of Vietnam](https://www.sbv.gov.vn)
- [No crypto framework](https://www.sbv.gov.vn)