Vietnam will impose taxes on individual cryptocurrency transactions, with a tax rate of 0.1%, the same as the current stock trading rate.

Odaily Planet Daily News: Vietnam’s Ministry of Finance has proposed to tax cryptocurrency transfer transactions conducted through licensed service providers, with a proposed tax rate of 0.1%, which is consistent with the current stock trading tax rate. According to the draft policy released by the Vietnamese Ministry of Finance, individual investors, regardless of their residence status, must pay a 0.1% tax on the transaction value when performing cryptocurrency transfers. Income earned by institutional investors from cryptocurrency transfers will be subject to a 20% corporate income tax, calculated on profits after deducting purchase costs and related expenses. However, cryptocurrency transfers and transactions will be exempt from value-added tax. It is reported that the draft also formally defines cryptocurrencies as digital assets issued, stored, and transmitted using encryption or similar technologies. The legal capital threshold for operating a digital asset exchange is set at 100 trillion VND (approximately $4.08 billion USD), with a maximum foreign ownership ratio of 49%. (Hanoitimes)