#VietnamCryptoPolicy 🇻🇳 Vietnam’s Crypto Policy: A Snapshot for 2025

1. 🚧 Legal Framework Underway

• The Ministry of Finance is working on formal rules to either ban or regulate crypto assets by May 2025, aiming to combat AML/terror financing .

• In early March, the PM directed the Finance Ministry and State Bank to finalize a crypto regulatory framework by the end of that month .

2. 🧪 Sandbox Trials in 2026

• Plans are underway for controlled sandbox environments in financial hubs like HCM City and Da Nang, letting licensed exchanges and fintech firms pilot trading, issuance, and NFT/mining operations from mid‑2026 .

3. 🏛️ Draft Crypto Pilot Regulation

• A Draft Crypto Pilot Resolution (valid until Dec 2027) defines crypto assets and service providers, establishing a framework for issuance, trading, custody, and more, overseen by MOF, SBV, and other authorities .

4. 💰 Tax & Licensing on the Table

• Experts suggest a small transaction tax (~0.1%) to generate ~$800 million annually, alongside personal income and corporate taxes on crypto profits .

• 🇻🇳 Currently, crypto isn’t officially recognized as an asset—profits may only be taxed upon fiat conversion .

5. 🌐 Blockchain Strategy in Full Swing

• Vietnam’s 2024–2030 Blockchain Strategy heavily promotes blockchain adoption across industries, backed by innovation centers and educational push .

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✅ Summary

Vietnam is moving fast—from legal grey zone toward structured regulation. Expect:

• Concrete regulatory rules by May 2025

• Sandbox operations launching mid‑2026

• Clarity on licenses, AML/KYC, tax models

• Strong government support for blockchain innovation

For both domestic and international players: 🌱 Vietnam is shaping up to be a regulated yet vibrant crypto environment.

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Let me know if you’d like a breakdown of tax implications, sandbox frameworks, or how this compares to other SEA countries!