Vietnam is moving towards comprehensive regulation of digital currencies

• The government 🇻🇳 launched in March 2025 a directive from Prime Minister Pham Minh Chinh to immediately begin establishing a legal framework for digital currencies in collaboration with the Ministry of Finance and the central bank.

• This step aims to create a safe legal environment, including the implementation of a "sandbox" to test risk assessment platforms before official trading, expected in 2026.

• This policy is part of a broader plan to combat money laundering and terrorist financing and to promote sustainable economic growth (8% by 2025).

• Although digital currencies are not currently a legal means of payment, about 17 million Vietnamese (≈21% of the population) own them, making Vietnam one of the largest usage markets in the world.

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📣 Summary: Vietnam is transitioning from a gray area to clear regulation—starting with a legal framework in 2025 and organized trials in financial centers by 2026—to protect investors and support the fintech sector.