Reporting framework, corporate tax and individual tax treatment for digital assets in Vietnam, from CryptaCount's jurisdiction database covering 72 countries.
Vietnam: tax & reporting data
General Information
Default Framework
IFRS
Permitted Frameworks
VAS
IFRS Mandatory For
Vietnamese Accounting Standards (VAS). IFRS adoption in progress (roadmap to 2030).
Tax Year
Calendar Year (end M12)
Functional Currency
VND
FX Source (Reporting)
SBV
FX Source (Tax)
GDT
Transaction Rate
Daily Spot
Hyperinflationary
✗ No
Reporting — VAS
Framework Available
✓ Yes
Crypto Classification
Intangible Asset, Current Asset
Classification Notes
Vietnamese Accounting Standards. Older framework, not yet IFRS-converged.
Measurement Basis
Historical Cost
Permitted Cost Methods
FIFO, WAVG
Prohibited Cost Methods
LIFO
Impairment Required
✓ Yes
Impairment Type
Prudence Principle
Reversal Allowed
✓ Yes
NRV Write-down
✓ Required — Current assets
Fair Value Hierarchy
—
Recent Standards
Vietnam IFRS adoption roadmap targets full convergence by 2030.
Corporate Tax — Rate & Classification
Corporate Tax Rate
20%
Crypto Classification
Unclear
Notes
Crypto is not legally recognized in Vietnam. SBV prohibits crypto as payment. Tax treatment unclear.
Corporate Tax — Cost Basis
Measurement Basis
UNCLEAR
Default Cost Method
FIFO
Permitted Methods
FIFO, WAVG
Taxpayer Can Elect
✓ Yes
Country Override
Standard
Override Notes
Crypto not legally recognized. Tax treatment uncertain.
LIFO Conformity Req.
✗ No
Differs from Reporting
✓ Yes
Corporate Tax — Anti-Avoidance
Wash Sale
✗ Off
Window (before/after)
—
Same-Day Rule
✗ No
Loss Restriction
Unrestricted
Loss Carryforward
Unlimited
Corporate Tax — Holding Period
Holding Period Benefit
✗ No
Period
—
Benefit Type
—
Corporate Tax — Crypto Event Treatment
Staking Rewards
FMV at Receipt
Gas Fee Treatment
Add to Cost
Gas = Disposal of Native
✓ Yes
Crypto↔Crypto Taxable
✓ Yes
DeFi Wrapping
Unclear
Fork Cost Basis
Zero
Individual Tax — Regime
Tax Regime
Unclear/Banned
Regime Notes
Crypto not legally recognized. If gains are taxable, likely 2% on revenue or 20% on profit for property transfers.
Tax Rate
0%
Rate Notes
Unclear. No formal crypto tax framework.
Individual Tax — Cost Basis
Measurement Basis
UNCLEAR
Cost Method
FIFO
Method Electable
✓ Yes
Permitted Methods
FIFO, WAVG
Country Override
Standard
Individual Tax — Exemptions
CGT Exempt
✗ No
Exempt Conditions
—
Holding Period
—
HP Benefit
—
Annual Exemption
—
Threshold Exemption
—
Individual Tax — Anti-Avoidance
Wash Sale
✗ Off
Same-Day Rule
✗ No
Superficial Loss
✗ No
Loss Restriction
Unrestricted
Loss Carryforward
Unlimited
B2C vs B2B Differences
Differs from B2B
✗ No
Notes
Legal status unclear. No formal tax guidance.
Compare Vietnam with other jurisdictions
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