Individual fines hit 30–50 million VND under Decree 284/2026, effective Sept 1. Organizations face up to 200 million VND. The five-year pilot program under Resolution 05/2025 aims to channel activity into licensed platforms.
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Vietnam has set specific fines for anyone caught trading digital assets on unlicensed platforms. Under Decree 284/2026, which takes effect September 1, 2026, individual traders face penalties of 30 million to 50 million Vietnamese dong – roughly $1,150 to $1,900 at current exchange rates.
The decree distinguishes between individuals and organizations. Individuals get fined for buying or selling crypto through unlicensed entities. The penalties rise if the assets involve foreign investors, though the main target appears to be domestic retail traders who operate outside licensed channels.
Organizations face much steeper fines. Entities running crypto services without proper licensing or marketing unauthorized crypto products face 180 million to 200 million VND – about $6,900 to $7,700. The decree also hits offshore platforms that serve Vietnamese users without authorization.
The State Bank of Vietnam has said since 2018 that crypto is not a legal payment method and prohibited banks from handling it. Enforcement was thin, and the legal status of digital assets stayed fuzzy.
Decree 284/2026 fits into a broader regulatory push. Resolution 05/2025 created a five-year pilot program for a licensed domestic crypto market, with rules for service providers and investor protections. The pilot approach suggests Vietnam is not banning crypto outright. It is pushing activity into regulated, taxable channels.
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