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.
| Status | Restricted |
| Risk Score | 55/100 (High Risk) |
| Region | southeast asia |
| Currency | VND |
| Capital Gains (Personal) | No specific crypto tax; general income tax (5-35%) could apply; enforcement unclear |
| Capital Gains (Corporate) | 20% CIT (general) |
| VAT on Crypto | No |
| Staking Tax | Unclear - no specific guidance |
| Airdrop Tax | Unclear |
No crypto-specific tax guidance available.
| Required | No |
| Regulator | SBV |
| Framework | No crypto regulatory framework; SBV bans crypto as payment method; government working on draft regulations (2024-2025) |
| Ease | very_complex |
| Cost (USD) | N/A - no licensing pathway |
No detailed enforcement information available
| KYC Required | Yes |
| Travel Rule | No |
| FATF Member | No |
| FATF Status | grey_list |
| FATF Body | APG |
| Suspicious-Activity Reporting | No |
Status: unregulated
Status: Restricted
Status: unregulated
| Legal | No |
| Electricity Cost | $0.07/kWh |
| Renewable Energy | 35% |
| Infrastructure | fair |
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.
| Stability | moderate |
| Sanctions | No |
| Corruption Index | 39/100 |
| Banking Access | restricted |
Risk Factors
Vietnam has moderate political stability with ongoing regulatory uncertainty around crypto. It is not under international sanctions. Corruption remains a challenge, and banking access for crypto firms is restricted.
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Explore IT Services →Last reviewed: 2026-04-13 · Data source: Soken Crypto Legal Map
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