Vietnam
VietnamVietnam legalised crypto assets in 2025 and built a five-licence pilot, but by October 2026 no exchange had been licensed.
Key Regulatory Progress
Every law, rule and official guide on crypto in Vietnam: 9 apply today, and the rest show what's coming and how regulators read the rules. Each is explained in plain words and linked to the official original.
Last checked against the originals on 5 Oct 2026.
Core framework
The primary statutes that define crypto assets and who may deal in them.
- In forceApplies today
Resolution No. 05/2025/NQ-CP on the pilot implementation of the crypto asset market in Vietnam (English translation)
Nghị quyết về việc triển khai thí điểm thị trường tài sản mã hóa tại Việt Nam
Effective on issue for a five-year pilot. It sets the licensing conditions for up to five service providers, limits new tokens to real-asset-backed issues sold only to foreign investors, and requires settlement in dong.
Read the original - In forceApplies today
Resolution No. 222/2025/QH15 on the International Financial Centre in Vietnam
Passed 27 June 2025 and effective 1 September 2025, creating an international financial centre in Ho Chi Minh City and Da Nang with special mechanisms. Officials have named it as a possible home for further digital asset pilots.
Read the original - In forceApplies today
Law on Digital Technology Industry (Law No. 71/2025/QH15)
Luật Công nghiệp công nghệ số
Passed 14 June 2025 and effective 1 January 2026. It is the first statute to define digital assets, split them into virtual and crypto assets, and ask the Government to regulate their trading.
Read the original - GuidanceNot binding law
Decision 1236/QD-TTg on the National Strategy for the Application and Development of Blockchain Technology to 2025, with a vision to 2030
Set national goals for blockchain infrastructure, research centres and pilot zones. It signalled a policy shift from containing crypto to building a domestic digital asset industry.
Read the original
Exchanges & custody
Licensing, conduct and custody rules for trading platforms and service providers.
- In forceApplies today
Circular 15/2026/TT-BTC on accounting principles for organisations in the crypto asset market
Effective on issue for the 2026 financial year. It tells service providers, issuers and corporate investors how to book crypto assets, treating fundraising tokens like borrowing.
Read the original - In forceApplies today
Decision 96/QD-BTC announcing administrative procedures for licensing crypto asset trading market services
Issued and effective 20 January 2026. It sets out the dossiers and steps for granting, amending and revoking provider licences, with the SSC receiving applications.
Read the original
AML & travel rule
Anti-money-laundering obligations and the FATF travel rule.
- In forceApplies today
Law on Anti-Money Laundering (Law No. 14/2022/QH15)
Luật Phòng, chống rửa tiền
Passed 15 November 2022 and effective 1 March 2023. Resolution 05 applies its customer due diligence rules to crypto providers, with identification required for occasional transactions of US$1,000 or more.
Read the original - EnactedPassed, not yet in force
Law No. 23/2026/QH16 amending the Law on the State Bank of Vietnam, the Law on Anti-Money Laundering and the Law on Credit Institutions
Passed 24 August 2026 and effective 1 December 2026. It adds crypto asset services to the AML regime as reporting entities and lists suspicious-transaction indicators specific to crypto.
Read the original - GuidanceNot binding law
Jurisdictions under Increased Monitoring, 19 June 2026
Keeps Vietnam on the grey list, where it has been since June 2023, and urges it to implement an action plan whose deadlines all expired in May 2025.
Read the original
Tax
How gains, income and transactions are taxed.
- In forceApplies today
Circular 41/2026/TT-BTC on tax declaration, withholding, payment and finalisation in the crypto asset market
Issued and effective 6 April 2026. Licensed providers must withhold and remit tax on customer trades, keep full transaction data and issue electronic tax certificates.
Read the original - In forceApplies today
Circular 32/2026/TT-BTC on tax policy for crypto asset trading, transfer and business
Issued 27 March 2026. Individuals pay 0.1% on each transfer via a licensed provider, domestic companies pay 20% corporate tax on gains, foreign organisations pay 0.1% of proceeds, and transfers are VAT-exempt.
Read the original
Investor protection
Market abuse, disclosure, advertising and retail safeguards.
- In forceApplies today
Decree 284/2026/ND-CP on administrative sanctions for violations concerning crypto assets and the crypto asset market
Issued 16 July 2026 and effective 1 September 2026 for the life of the pilot. Fines reach VND 200 million for organisations and VND 100 million for individuals; domestic investors trading outside licensed providers face VND 30 to 50 million (half for individuals).
Read the original
Banks & prudential
What banks may hold, custody or issue.
- GuidanceNot binding law
Directive 02/CT-NHNN on measures to strengthen control of transactions and activities related to virtual currencies
Chỉ thị 02/CT-NHNN về các biện pháp tăng cường kiểm soát các giao dịch, hoạt động liên quan tới tiền ảo
Barred credit institutions and payment providers from offering payment, card or credit services for virtual currency deals. It still underpins banks' distance from crypto.
Read the original - GuidanceNot binding law
Directive 10/CT-TTg on strengthening management of activities related to Bitcoin and other virtual currencies
Ordered the State Bank to stop banks and payment intermediaries handling illegal virtual currency transactions, and asked ministries to draft a legal framework.
Read the original
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