Vietnam's 0.1% Crypto Transfer Tax Explained (2026) – How It's Calculated, with Examples
Legal notice: since 1 September 2026, under Decree 284/2026/ND-CP, individuals in Vietnam who trade crypto-assets other than through a provider licensed by the Ministry of Finance can be fined 30–50 million dong. Binance, OKX and Bybit are not licensed in Vietnam. coinglee provides price information for reference only.
From 1 July 2026, individuals in Vietnam pay 0.1% personal income tax on the value of each crypto-asset transfer made through a licensed provider, under Circular 32/2026/TT-BTC. It’s a simple rule with one big difference from most crypto taxes elsewhere: it’s charged on the amount you transfer, not on your profit. This guide explains how it works, with examples in dong.
To see what a USDT amount is worth in dong right now, use the converter.
The rule in one line
Tax = 0.1% × the value of the crypto-assets you transfer, per transaction, whether you make a profit or a loss.
It mirrors how Vietnam taxes share sales: stock investors also pay 0.1% of each sale’s value, withheld by the securities company.
Worked examples
| You sell | Value in dong | Tax at 0.1% |
|---|---|---|
| 100 USDT at 26,000 | 2,600,000 ₫ | 2,600 ₫ |
| 1,000 USDT at 26,000 | 26,000,000 ₫ | 26,000 ₫ |
| 5,000 USDT at 26,000 | 130,000,000 ₫ | 130,000 ₫ |
| 0.1 BTC worth 250,000,000 ₫ | 250,000,000 ₫ | 250,000 ₫ |
Two things follow from “value, not profit”:
- You pay even at a loss. If you bought USDT at 26,100 and sell at 26,000, you still pay 0.1% of the sale value.
- Frequent trading adds up. Ten round trips of 26 million dong each means tax on 260 million dong of transfers, or 260,000 dong, regardless of whether you made anything.
Compared with the P2P spread
For USDT, the tax is small next to the price differences you already deal with. On a 1,000 USDT sale, 0.1% is 26,000 dong, about 26 dong per USDT. That’s the same order of magnitude as the typical buy–sell spread on P2P, and less than the gap between exchanges at many moments. See what buying USDT really costs.
Who withholds it
The system is designed so that the licensed crypto-asset service provider withholds the tax at the time of the transfer and pays it to the tax authority, like a securities company does for share sales. You shouldn’t need to file anything separately for withheld transfers, but keep the statements the provider gives you.
Does it apply to P2P on Binance, OKX or Bybit?
The circular is built around transfers through licensed providers. As of October 2026:
- no provider in Vietnam has a full licence yet, so there’s no channel actually withholding this tax;
- trading through unlicensed platforms, including P2P on international exchanges, is itself a violation since 1 September 2026 under Decree 284/2026/ND-CP, with fines of 30–50 million dong for individuals.
So the 0.1% tax isn’t a “cost of using Binance”. It’s the cost of using the legal channel once it exists. See Vietnam crypto regulation 2026.
What counts as a transfer
The clearest case is selling crypto-assets for dong through a licensed provider. How swaps between crypto-assets, transfers between your own accounts, gifts and inheritances are treated depends on the detailed guidance and the provider’s systems. Check the provider’s tax statements, and ask a tax adviser for anything unusual.
Records to keep
Even when tax is withheld, keep:
- the provider’s transaction and tax statements;
- dates, amounts and values in dong;
- for transfers between your own wallets, the TxIDs.
Good records make it easy to answer questions from your bank or the tax authority later.
Common questions
Is there also a tax on profit? Under the published rules, these transfers are taxed at a flat rate on value, as share sales are, rather than on profit. Watch for later guidance from the Ministry of Finance.
Do I pay if I just hold USDT? No transfer, no transfer tax.
Does it apply to foreigners in Vietnam? The individual transfer rule described in Circular 32 covers residents and non-residents. Foreign nationality alone does not settle its application; a tax adviser should check the transaction channel and personal circumstances.
Compiled from public documents up to October 2026. Not tax or legal advice.
Distinguish a tax deduction from a trading fee
An illustrative 10,000,000 VND transfer has a 10,000 VND deduction at 0.1%. If a licensed provider also charges a service fee, the statement should show that separately. Keep the gross transfer value, the tax, the service fee and the final payout as four distinct figures. Subtracting the tax twice would understate what you received; treating a service fee as tax could overstate your tax credit.
Ask the provider which document confirms withholding and how corrections are handled for a canceled transaction. Don’t infer that tax has been paid merely because the net amount is lower than the displayed price. Paying tax and using a permitted trading channel are different questions: a tax calculation cannot make an otherwise prohibited transaction lawful.