#VietnamCryptoPolicy
Strategy 2024–2025: Towards a Legal Framework
In October 2024, Vietnam launched its National Blockchain Strategy (2024–2030), promoting the technology with controlled sandbox-type tests.
In December 2024 and January 2025, resolutions such as 57-NQ/TW and 03/NQ-CP were approved to accelerate digitalization and include pilot programs.
February–March 2025: Prime Minister Phạm Minh Chính issued Directive 05/CT‑TTg, ordering the Ministry of Finance and the SBV to formulate a clear regulatory framework by March–May 2025.
Pilot Exchange and Sandbox
In March 2025, they confirmed the launch of a pilot crypto exchange, operating under a sandbox mechanism, to enhance control, transparency, and investor protection.
The sandbox will extend until mid-2026 (July, according to some sources) and will last until the end of 2027.
Taxation and Legal Definition
Although cryptocurrencies are not yet officially classified as assets, tax regulations are being proposed: a personal income-type taxation of 10% for individuals, and 20% for companies is under evaluation.
A fixed tax on transactions, similar to that applied to stocks (~0.1%) is being considered.
Current and Future Impact
With around 17 million crypto users and over USD 100 billion in accumulated volume, Vietnam is among the countries with the highest global adoption.
The regulatory regime seeks fiscal resources, protects investors, and retains local talent (currently many companies are outside the country).
A pragmatic approach is promoted: it allows controlled limited trials, anti-money laundering surveillance, KYC, and regulates the issuance of digital assets.
In summary
1. Not prohibited, but use as a means of payment is not allowed.
2. Legal framework in preparation: definition, sandbox, exchange piloting.
3. Taxation: taxes ~10–20%, with a fixed rate for trading.
4. Pilot phase: crypto exchange enabled in 2025–2026, with testing until 2027.