Vietnam's cryptocurrency policy has been evolving, with the government taking steps to regulate the industry while balancing innovation and risk. Here's a breakdown of the current state of crypto regulations in Vietnam ¹ ²:

Regulatory Framework

- The State Bank of Vietnam prohibits using cryptocurrency as a payment method for goods and services.

- Owning and trading cryptocurrency on an exchange is allowed, but it exists in a legal gray area due to the lack of clear regulations.

- A legal framework for crypto regulation is expected to be developed, which will address ownership, AML measures, taxation policies, and licensing requirements for crypto operations.

Recent Developments

- Vietnam's National Assembly passed the Law on Digital Technology Industry on June 14, 2025, recognizing crypto assets and laying the groundwork for broader digital innovation.

- The law classifies digital assets into virtual assets and crypto assets, with the government tasked to outline specific business conditions and oversight mechanisms.

- The legislation includes stringent requirements for cybersecurity, anti-money laundering, and counter-terrorism financing, aligning with international standards.

Taxation and AML

- The taxation of cryptocurrency in Vietnam is ambiguous, with some guidance suggesting it's subject to value-added tax and corporate income tax.

- Vietnam has implemented AML regulations, requiring crypto exchanges to collect and verify identities, report suspicious transactions, and keep detailed records.

Future Outlook

- The new law is expected to bring regulatory clarity and encourage broader adoption of digital assets in Vietnam.

- The government aims to position Vietnam as a digital technology hub, offering incentives for industries like artificial intelligence, semiconductors, and digital infrastructure development.

- Educational initiatives are also part of the plan, with a focus on developing digital literacy and workforce development programs.#VietnamCryptoPolicy