Vietnam Officially Taxes Crypto Assets Like Securities
On September 9, 2025, the Vietnamese Government issued Resolution 05/2025/NQ-CP, which officially pilots the country’s crypto asset market.
The key takeaway for all of us in the legal, investment, and crypto communities:
Crypto transactions will be taxed at the same rate as securities transactions — at least until a dedicated crypto tax policy is introduced.
Currently, both resident and non-resident individuals are subject to a flat personal income tax rate of 0.1% on the gross transfer value of each securities transaction (without deducting costs). This approach will now also apply to crypto asset transactions under Resolution 05/2025/NQ-CP, until a dedicated crypto tax regime is issued.
🌏 How Vietnam Compares Internationally?
Countries worldwide take very different approaches to crypto taxation:
👉 United States & Europe: Most jurisdictions tax crypto as capital gains, meaning tax is based on actual profits and may vary depending on how long the asset is held and the individual’s income bracket.
👉 Singapore: Generally does not tax capital gains for individuals, making it one of the more crypto-friendly jurisdictions — though business-like or professional trading can still be subject to income tax.
👉 Japan: Treats crypto gains as “miscellaneous income,” taxed under progressive rates along with other income — which can result in higher effective rates for top earners.
👉 Australia: Applies capital gains tax rules, but allows cost deductions and even a discount for long-term holdings, making the effective tax rate depend on income level and holding period.
Seen from this perspective, Vietnam’s flat 0.1% tax is relatively simple and predictable — appealing for high-frequency traders — but it applies even when investors incur a loss, unlike profit-based systems in many other countries.
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