Vietnam Cryptocurrency Policy: What You Need to Know

When talking about Vietnam cryptocurrency policy, the set of rules and guidelines that govern digital assets, tokens, and blockchain projects in Vietnam. Also known as Vietnam crypto regulation, it decides how investors, exchanges, and developers can operate inside the country.

The policy encompasses licensing requirements for exchanges, tax treatment of crypto gains, and anti‑money‑laundering (AML) obligations. It requires compliance with the State Bank of Vietnam’s directives, while also influencing the growth of decentralized finance (DeFi), platforms that provide lending, borrowing, and trading without a central intermediary. At the same time, blockchain technology, the underlying ledger that records every transaction gains traction as a tool for transparency in supply chains and public services.

Key Aspects of Vietnam’s Crypto Landscape

First, the Central Bank of Vietnam has declared that cryptocurrencies are not legal tender, but it does not outright ban trading. This creates a gray zone where crypto exchanges, platforms that match buyers and sellers of digital assets can operate if they register as payment service providers and meet AML/KYC standards. The policy influences how these platforms design their onboarding flows and reporting tools.

Second, tax rules treat crypto profits as taxable income. Individuals must declare gains on their annual tax return, and businesses dealing with digital assets face corporate tax on earnings. The government has issued guidance on calculating cost basis, which directly affects investors, people who buy, hold, or trade crypto assets for profit. Failure to report can trigger penalties, making compliance a critical part of any crypto strategy in Vietnam.

Third, the regulatory framework pushes for stronger AML compliance. Exchanges and wallet providers must keep detailed transaction logs and share suspicious activity reports with authorities. This requirement connects the crypto sector with Vietnam’s broader financial crime prevention efforts, influencing how data analytics tools are employed by firms operating locally.

Fourth, the policy encourages innovation in blockchain use cases beyond finance. The Ministry of Science and Technology offers pilot programs for enterprises that want to use blockchain for traceability, voting, or identity verification. These initiatives support the growth of enterprise blockchain solutions, private networks tailored for business operations and create a demand for developers familiar with smart contract languages.

Finally, cross‑border issues remain a hot topic. Vietnam’s policy aligns with ASEAN’s push for a regional digital asset framework, meaning that Vietnamese firms must consider both local and neighboring country regulations when offering services abroad. This cross‑jurisdictional angle shapes partnership decisions and influences how tokens are listed on international exchanges.

All these elements—licensing, taxation, AML, blockchain innovation, and regional alignment—form a network of rules that anyone dealing with crypto in Vietnam should navigate daily. Below you’ll find a curated set of articles that break down each piece, from exchange reviews to tax guides, giving you practical steps to stay compliant and make the most of the evolving market.