Vietnam to tax crypto like stocks with 0.1% trading levy: Report

The Vietnamese government is preparing to implement a new regulatory framework for cryptocurrency, proposing a tax structure that mirrors current stock market regulations. According to recent reports, the Ministry of Finance plans to impose a standardized levy of 0.1% on the total turnover value of cryptocurrency trading. This tax aims to bring clarity and stability to the nation’s rapidly growing digital asset market, which has largely operated without formalized taxation. By treating crypto transactions similarly to securities, where a turnover tax is applied rather than a capital gains tax, Vietnam intends to ensure consistent revenue collection from high-volume trading activities and curb speculative behavior. Although cryptocurrencies are not recognized as legal tender in Vietnam, the government is actively seeking comprehensive measures to regulate the sector, manage financial risks, and establish clear legal obligations for virtual asset service providers (VASPs) within the broader scope of economic management.

Source: Vietnam to tax crypto like stocks with 0.1% trading levy: Report