[HO CHI MINH CITY] Vietnam has imposed a flat 0.1 per cent tax on local crypto transactions, particularly for domestic and foreign individual investors.

This reflects a simplified approach to attract traders into formal platforms while maintaining regulatory oversight of a fast-growing market long operating in a legal grey area.

The move comes as the country rolls out a five-year pilot for its digital assets market, with about five crypto exchanges set to be licensed.

“The rate is reasonable at this stage compared with existing practices in the local stock market,” said Dao Tien Phong, managing lawyer at Investpush Legal,…