Vietnam's Ministry of Finance proposes to tax cryptocurrency transfer transactions conducted through licensed service providers at a rate of 0.1%, consistent with the current stock transaction tax rate. According to the draft policy released by the Ministry of Finance, individual investors, regardless of their place of residence, will be required to pay a 0.1% tax on the transaction value when conducting cryptocurrency transfers. Institutional investors will be subject to a 20% corporate income tax on profits earned through cryptocurrency transfers, calculated based on profits after deducting purchase costs and related expenses. However, cryptocurrency transfers and transactions will be exempt from value-added tax (VAT). The draft also formally defines crypto assets as digital assets that rely on encryption or similar technologies for issuance, storage, and transmission verification. The proposed legal capital threshold for establishing digital asset exchanges is 10 trillion VND (approximately US$408 million), with a maximum foreign ownership limit of 49%. (Hanoitimes)