Vietnam
Bitcoin Countries
Vietnam ranks 4th globally on Chainalysis's 2025 Global Crypto Adoption Index, with Vietnamese users transacting over $200 billion in digital assets in the 12 months through June 2025 — representing roughly 25% of GDP. In June 2025, the government legalized crypto assets under Resolution 05/2025 and launched a five-year regulated sandbox for licensed exchanges, becoming one of the first Southeast Asian nations to establish a formal crypto market framework.
Details
- Since
- 2025
- Status
- legalized_sandbox
- Notable
- $200B+ annual transaction volume, ~17-20% adult crypto ownership
- Legislation
- Resolution 05/2025
- Legal Status
- legal (Resolution 05/2025)
- Mining Legal
- No
- Tax Treatment
- under development via sandbox framework
- Notable Policy
- Vietnam consistently ranks #1 globally in Chainalysis crypto adoption index; government exploring regulation framework; payments via crypto technically illegal but enforcement limited
- Regulatory Body
- State Bank of Vietnam
- Btc Etf Approved
- No
- Capital Gains Tax
- No
- Regulatory Stance
- cautious_restrictive
- Bitcoin Legal Status
- Legal to hold; State Bank of Vietnam restricts crypto payments and exchange
- Bitcoin Etf Available
- No
- Chainalysis Rank 2025
- 4
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