Vietnam levies a 0.1% transaction tax on the transfer of crypto assets, and the corporate income tax rate is 20%.

According to a Foresight News report, the Vietnamese Ministry of Finance announced that a 0.1% tax will be levied on each cryptocurrency transaction by domestic and foreign investors, both resident and non-resident. Furthermore, corporate investors who earn income through cryptocurrency transfers will be subject to a standard corporate income tax rate of 20%, while foreign institutional investors transferring crypto assets through service providers will be taxed at a rate of 0.1% per transaction. No value-added tax (VAT) will be levied on the transfer and trading of crypto assets. This regulation took effect on March 27 and will apply during Vietnam's cryptocurrency pilot program until formal tax regulations are issued.