The move treats crypto transactions more like stock trades than casual peer-to-peer transfers, and it would apply even when a trade doesn’t produce a gain.
Cryptocurrency Transfers To Be Taxed Like Stock TradesAccording to the draft, the charge is turnover-based — taken on the full value moved — rather than only on profits. That detail matters because it raises the cost of trading for retail users who often make many small moves.
Tax Breaks For VAT And Corporate RulesReports say transfers and trading would be exempt from VAT, but firms and institutions would not escape tax entirely. Domestic companies that earn income from trading would face a 20% corporate tax on their net profits after deductible costs.
In practice, that means exchanges and fund managers operating inside Vietnam will have to build tax accounting into their core systems.
That threshold is likely to keep out many smaller operators and shift market share toward big, well-funded firms.
How The Pilot Program Frames The Rules Expected Market Drag On VolumeSome traders worry the added 0.1% drag will cut liquidity and nudge short-term players away from onshore platforms. Others say that clear rules could attract institutional capital that shuns legal gray zones.
Reports from local outlets show a mix of concern and cautious optimism as the market weighs higher compliance costs against the value of formal oversight.
Featured image from Pexels, chart from TradingView
