According to PANews, the Vietnamese government has announced plans to pilot a digital asset exchange in its international financial center. This initiative is supported by three legislative measures that lay the groundwork for the digital asset sector. These include a resolution passed by the National Assembly to develop the financial center, a proposal submitted by the Ministry of Finance for the pilot digital asset exchange, and new laws that clearly define asset categories.
The Ministry of Finance is currently refining the policies related to this pilot project, with an expected submission to the government in August. The policies will cover various aspects such as issuance, trading, and management of digital assets. Service providers will have the autonomy to select assets for listing, with a preference for those with high liquidity.
The government has emphasized the role of blockchain as a core infrastructure and plans to enhance cybersecurity and risk management measures. Additionally, the central bank is exploring a model for a national digital currency (CBDC).