Vietnam

Developing Confirmed Verified August 25, 2026

Vietnam is running a five-year licensed crypto-asset market pilot under Resolution 05/2025/NQ-CP. Market operators require Ministry of Finance licensing and settlement is in Vietnamese dong.

Ministry of Finance / State Securities Commission

Total Laws (incl. applicable EU-wide)

Effective Laws

At a Glance

Is holding crypto allowed?

Allowed

Is crypto trading allowed?

Regulated

Is P2P trading allowed?

Restricted

Are crypto payments allowed?

Prohibited

Is crypto legal tender?

Is mining allowed?

Unclear

Is staking allowed?

Developing

Is DeFi participation allowed?

Developing

Are stablecoins allowed or regulated?

Developing

Activity Status Matrix

Activity	Status	Details
Holding Crypto	Allowed	Is holding crypto allowed?
Crypto Trading	Regulated	Is crypto trading allowed?
P2P Trading	Restricted	Is P2P trading allowed?
Crypto Payments	Prohibited	Are crypto payments allowed?
Legal Tender	No	Is crypto legal tender?
Mining	Unclear	Is mining allowed?
Staking	Developing	Is staking allowed?
DeFi	Developing	Is DeFi participation allowed?
Stablecoins	Developing	Are stablecoins allowed or regulated?
NFTs	Developing	Are NFTs allowed or regulated?
Token Launches	Developing	Are token launches allowed?
Crypto Advertising	Regulated	Is crypto advertising allowed?
Banking Access	Regulated	Do crypto businesses have banking access?

Regulation Overview

Resolution 05/2025/NQ-CP created a controlled five-year pilot for Vietnam’s crypto-asset market. Only licensed organisations may operate covered markets and provide or advertise covered services; investor and issuance conditions apply, and transactions are settled in Vietnamese dong. Crypto is not legal tender and cannot be used as an ordinary payment instrument.

Tax Information

Crypto tax is governed by Vietnam's national tax law, not by the crypto licensing framework. Classification depends on facts such as investment, trading, employment, mining, staking or business use; verify current filing, valuation and indirect-tax rules with General Department of Taxation.

Individual Tax Treatment

Individuals should keep acquisition cost, disposal proceeds, wallet, exchange and local-currency valuation records. Gains, income, gifts and foreign-account reporting can receive different treatment; confirm the current position with General Department of Taxation.

Business Tax Treatment

Businesses should apply normal corporate-tax, accounting, payroll and indirect-tax rules to crypto revenue, holdings and expenses. Licensing does not replace tax registration, invoicing, recordkeeping or reporting duties.

General Department of Taxation

Business & Licensing

Covered service providers must obtain the licence, registration or approval required by Ministry of Finance / State Securities Commission; cross-border firms must verify whether passporting or local authorisation is available.

AML / KYC Requirements

Regulated providers must perform customer and beneficial-owner due diligence, sanctions screening, transaction monitoring, recordkeeping and suspicious-transaction reporting under applicable AML/CFT rules.

Primary Regulator

Ministry of Finance / State Securities Commission

vanban.chinhphu.vn

Crypto Laws & Regulations in Vietnam

Regulationeffective

Vietnam: Crypto-Asset Market Pilot Resolution

Crypto-Asset Market Pilot Resolution

Published: September 9, 2025Effective: September 9, 2025Ref: Resolution 05/2025/NQ-CP

Establishes the principal current legal position for crypto-assets or virtual-asset services in Vietnam.

LicensingExchangesCustodyAML/KYCConsumer Protection

Official Source

Regulatory Timeline

September 9, 2030UPCOMING

Vietnam crypto-asset market pilot scheduled end · OtherThe five-year pilot reaches its scheduled end unless extended or replaced by new legislation.Source

Consumer Warning

Regulatory approval does not guarantee token value or reimburse losses. Verify the provider and permitted services on the official register, and treat offers of guaranteed returns as high risk.

Official Sources

Ministry of Finance / State Securities Commissionvanban.chinhphu.vn General Department of Taxationgdt.gov.vn vanban.chinhphu.vnvanban.chinhphu.vn xaydungchinhsach.chinhphu.vnxaydungchinhsach.chinhphu.vn gdt.gov.vngdt.gov.vn ssc.gov.vnssc.gov.vn

Source Notes

Official regulator, legislation and tax-authority sources checked on 25 August 2026. Pending rules and transitions should be rechecked before publication and every six months.

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