Crypto Regulation in Vietnam

Restricted

Tax Information

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
Mining Tax
--

Licensing & Registration

License Required
No
Regulator
SBV (State Bank of Vietnam)
Framework
No crypto regulatory framework; SBV bans crypto as payment method; government working on draft regulations (2024-2025)
License Types
--
Estimated Cost (USD)
N/A - no licensing pathway
Timeline
N/A months
Ease of Licensing
Very Complex

AML / KYC

KYC Required
Yes
Travel Rule
No
FATF Member
--
FATF Status
--
Suspicious Activity Reporting
--

Mining

Mining Legal
Yes
Status
Restricted
Electricity Cost ($/kWh)
$0.07
Renewable Energy
35%
Climate
Tropical
Infrastructure
Good
Tax on Mining Income
20% CIT (general)
Notes
Competitive electricity prices. Mining operations are economically viable.

DeFi, Stablecoins & NFTs

DeFi: unregulatedStablecoins: restrictedNFTs: unregulatedCBDC: research - SBV studying CBDC feasibility

Soken Services

Legal Opinion
Available | $5,000 - $20,000 | 14 days
Banking
Difficulty: Very Hard | Crypto-friendly banks: none listed
Min. Deposit
$10,000
Fiat Rails
SWIFT
Card Payments
Visa, Mastercard

Sources

State Bank of Vietnam
medium

Frequently Asked Questions

Is crypto legal in Vietnam?
Cryptocurrency is currently classified as "Restricted" in Vietnam.
What is the crypto tax rate in Vietnam?
In Vietnam, the personal capital gains tax on crypto is No specific crypto tax; general income tax (5-35%) could apply; enforcement unclear, and the corporate tax rate is 20% CIT (general).
Do I need a crypto license in Vietnam?
No, Vietnam does not currently require a specific crypto license, though other financial regulations may apply.
Is crypto mining legal in Vietnam?
Yes, crypto mining is legal in Vietnam. Electricity costs approximately $0.07/kWh. Mining income is taxed at: 20% CIT (general). Competitive electricity prices. Mining operations are economically viable.
What are the AML/KYC requirements for crypto in Vietnam?
Yes, crypto businesses in Vietnam must comply with KYC (Know Your Customer) requirements.