Vietnam

Cryptocurrency is restricted in Vietnam with no formal regulatory framework. The State Bank of Vietnam (SBV) bans crypto as a payment method, and the government is working on draft regulations expected between 2024 and 2025.

Overview

StatusRestricted
Risk Score55/100 (High Risk)
Regionsoutheast asia
CurrencyVND

Tax

Capital Gains (Personal)No specific crypto tax; general income tax (5-35%) could apply; enforcement unclear
Capital Gains (Corporate)20% CIT (general)
VAT on CryptoNo
Staking TaxUnclear - no specific guidance
Airdrop TaxUnclear

No crypto-specific tax guidance available.

Licensing

RequiredNo
RegulatorSBV
FrameworkNo crypto regulatory framework; SBV bans crypto as payment method; government working on draft regulations (2024-2025)
Easevery_complex
CostN/A - no licensing pathway

DeFi

Status: unregulated

Stablecoins

Status: Restricted

NFTs

Status: unregulated

Mining

LegalNo
Electricity$0.07/kWh
Renewable35%
Infrastructurefair

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.

Geopolitics

Stabilitymoderate
SanctionsNo
Corruption Index39/100
Banking Accessrestricted

Last reviewed: 2026-04-13 · Data source: Soken Crypto Legal Map

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