Vietnam Launches Five-Year Pilot for Regulated Crypto Asset Trading

HÀ NỘI, Việt Nam — Vietnam has announced the launch of a five-year pilot program for crypto asset trading, aligning itself with global fintech trends. This move, marked by the issuance of Resolution 05/2025/NQ-CP on September 9, aims to create a regulated market for digital assets while safeguarding both local and foreign investors.

The resolution signifies Vietnam’s cautious yet forward-thinking approach to cryptocurrency, setting a legal framework for recognizing and managing these new assets. Colonel Dr. Hoàng Văn Thức, director of the Academy of Cryptography Techniques, emphasized that this pilot represents smart risk governance and demonstrates a shift towards guided development in the digital finance sector.

The pilot program requires all crypto service providers to have a minimum chartered capital of VNĐ10 trillion (approximately $379 million), ensuring that only robust competitors can enter the marketplace. This regulation, however, has raised concerns among local start-ups who fear compliance risks might limit their operational capacities.

Vietnam’s digital asset market is poised to attract substantial foreign investment, with projects such as VIX Crypto Asset Exchange JSC already funded with VNĐ150 billion. The resolution highlights the need for well-trained personnel in blockchain technology and data security management as the country prepares to integrate these digital assets into its broader financial ecosystem.

Phan Đức Trung, chairman of the Vietnam Blockchain and Digital Asset Association, noted that the resolution is a blueprint for creating a compliant and trustworthy market. “”This underscores the Government’s determination to foster an environment that benefits investors while refining regulatory measures to international standards,” he said.

The move aims to repatriate billions of USD currently traded on offshore platforms and integrate these activities into the domestic financial system, generating tax revenues. As the program rolls out, Vietnam is set to pilot five licensed exchanges, enhancing transparency and regulatory compliance in the growing digital asset landscape.

While the resolution has sparked excitement about new funding avenues for Vietnamese businesses, industry experts caution that liquidity will depend on successful regulatory frameworks and streamlined operations. Stakeholders are eager to see how these efforts will shape the future of Vietnam’s financial landscape and attract a new wave of investment into the country.