Vietnam moved from tolerated grey market to a licensed pilot in 2025. Resolution 05/2025/NQ-CP, in force from 9 September 2025, opens a five-year pilot crypto asset market: crypto assets may be used for exchange or investment, all offering, issuance, trading and settlement must be in Vietnamese dong, and domestic and foreign investors may open accounts at providers licensed by the Ministry of Finance. The licence bar is high — VND 10,000 billion of contributed charter capital, at least 65% held by organisations, foreign ownership capped at 49% — and the Ministry of Finance, with the Ministry of Public Security and the State Bank, selects up to five providers in total.
The contract itself does not change by geography: a ETH perpetual settles in USDC everywhere.
21 venues open Ethereum perps to traders in Vietnam.
ApeX
Aster
Avantis
Derive
Ethereal
gTrade
Helix
Hyperliquid
KiloEx
Lighter
Ondo
Ostium
Pacifica
Paradex
Synthetix
VestFour steps from sign-up to an open position.
No crypto-specific rate exists yet. Until Vietnam promulgates tax policy for the crypto asset market, the tax rules for securities apply to the trading, transfer and business of crypto assets. Resolution 05/2025/NQ-CP states no percentage rate.
Trading ETH from Vietnam: regulated.
No crypto-specific rate exists yet.
On Canborsa, traders in Vietnam can use up to 25x leverage on Ethereum.
On Canborsa, Ethereum trading from Vietnam costs 0.07% per side.