Vietnam is moving towards comprehensive regulation of digital currencies

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

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

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

• Although digital currencies are not a legal means of payment at present, 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 grey area to clear regulation—starting with a legal framework in 2025 and organized experiments in financial centers by 2026—to protect investors and support the fintech sector.