#VietnamCryptoPolicy 0-1Vietnam treats cryptocurrencies as virtual assets only—strictly banned as a legal means of payment . 209-0For years, crypto has occupied a regulatory gray zone: trading is tolerated, but ownership, tax, and investor safeguards remain vague . 390-0In response, Prime Minister Pham Minh Chinh initiated Directive 05/CT‑TTg in early 2025, instructing the Ministry of Finance and State Bank to draft a full digital‑asset framework, including a crypto-sandbox rollout in mid‑2026 for controlled exchange trials . 709-0Additionally, Vietnam explores taxation models—transaction and capital‑gains taxes—and licensing fees to tap into the booming crypto market while ensuring AML, KYC, and investor protection measures .
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