Vietnam applies a 0.1% personal income tax on the value of each digital asset transaction, according to the Ministry of Finance’s Circular 32/2026.

The circular stipulates the formula for value-added tax (VAT), personal income tax (PIT), and corporate income tax (CIT) for trading and business activities related to digital assets. The 0.1% tax rate is equivalent to that applied to each securities transaction.

In addition, digital asset transactions are not subject to VAT, according to the circular.

Regarding corporate income tax, the rate is 20%, the same as the standard corporate income tax in Vietnam for many sectors. Businesses in Vietnam offering digital asset services are subject to this 20% rate on their income. Institutional investors established under foreign law must pay a 0.1% tax on transactions conducted through such businesses in Vietnam.

The circular became effective on March 27.

According to the United States-based blockchain analytics firm Chainalysis, the value of cryptocurrency transactions in Vietnam is estimated at $220-230 billion from July 2024 to June 2025, averaging more than $600 million per day. This figure places Vietnam among the three largest cryptocurrency markets in the Asia-Pacific region.

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