Prime Minister Le Minh Hung: Pilot operation of the crypto-asset trading platform from Q2 2026

On the afternoon of April 9, at the first session of the 16th National Assembly, Prime Minister Le Minh Hung presented the Government’s report assessing the supplementary results of implementing the socioeconomic development plan for 2025 and the progress of implementing the socioeconomic development plan for 2026. The report highlighted efforts to develop various economic components and new economic models.

New economic models and digital infrastructure

The Prime Minister said the Government will develop the carbon-credit market and pilot the operation of a data exchange, a crypto-asset trading platform, and digital asset platforms starting in Q2 2026.

From Q2 2026, key databases in land, health, education, social welfare, civil service, and related areas will be strengthened and exploited, with the goal of making data a valuable economic resource. In Q3 2026, the Government plans to complete reviewing, adjusting, and supplementing mechanisms, policies, programs, and plans for developing new economic models.

Progress on the crypto-asset market licensing

Regarding the crypto asset market, the Ministry of Finance (MoF) previously sent a letter to the Ministry of Public Security and the State Bank of Vietnam seeking opinions on dossiers requesting licenses to provide services to organize crypto-asset trading markets.

Under Resolution 05/2025/NQ-CP on piloting the crypto-asset market in Vietnam, the MoF has received seven applications. After review, five applications were found complete and valid, including:

• VIXEX — charter capital: 1,000 billion VND
• LPEX — charter capital: 6.8 billion VND
• CAEX — charter capital: 25 billion VND
• TCEX — charter capital: 101 billion VND
• Vietnam Digital Asset Company — charter capital: 1,000 billion VND

The MoF also stated that the applications of Dolphinex (DOLPHINEX) and SSI (SSID) are not complete.

Tax framework for crypto assets under new circulars

A notable step is the MoF’s Circular No. 41/2026/TT-BTC, which guides declaration, deduction, payment, and tax finalization for the crypto asset market under Resolution 05/2025. Earlier, on March 27, 2026, the MoF issued Circular No. 32/2026/TT-BTC, guiding tax policy for trading, transferring, and business of crypto assets under the pilot market.

Corporate income tax

For corporate income tax, the circular requires domestic investors with income from transferring crypto assets to pay tax at 20%. Taxable income is determined as the difference between the selling price and the purchase price, after deducting allowable costs.

Enterprises providing crypto asset services apply the same 20% tax rate to income from service activities.

For foreign organizations operating crypto asset transfers in Vietnam through service providers, the tax policy is simplified with a 0.1% tax on revenue per transfer. The approach is intended to facilitate cross-border transactions while ensuring revenue collection.

Personal income tax

For personal income tax, individuals participating in crypto asset transfers—regardless of residence status—will pay tax at 0.1% of the transfer price per transaction. The regulation is designed to create a clear, transparent, and easy-to-implement tax mechanism for individual investors.

Policy significance

The issuance of successive circulars is described as an important step toward completing the tax framework for crypto assets, improving transparency, strengthening state management, and laying the foundation for sustainable market development going forward.