#VietnamCryptoPolicy

Current Legal Status

Digital currency is not legal tender: The use of Bitcoin and others as a means of payment remains illegal in Vietnam, with fines ranging from 150–200 million Vietnamese Dong.

Ownership and trading are permitted: Individuals are allowed to hold and trade digital currencies, but they are not legally protected, and there is no protection for investors against breaches or fraud.

Net Status: Legally gray environment— a "wild" trading space, but without a clear official framework or protection.

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🏦 Moving Towards Regulation

Prominent Government Initiatives in 2024–2025:

Decisions of 2024 and 2025: A number of government decisions (No. 57-NQ/TW and 03/NQ-CP) have been issued to accelerate digital transformation and establish a legal framework for digital currencies.

Guidance from the Prime Minister: A directive has been issued by the Prime Minister (such as Decree Resolution 27/NQ‑CP) requesting the Ministry of Finance and the Central Bank to draft a legal framework by March 2025, including regulating trading and issuing a "sandbox".

Legislative projects in preparation:

1. Digital Technology Industry Law (DTI Law): Will define "digital assets" for the first time and allow for sandboxing.

2. Decision to establish international financial centers: Allows for the establishment of trading platforms and testing within special zones (such as Ho Chi Minh City and Da Nang).

3. Pilot Resolution for "Crypto Assets": Allows for the official trading of digital assets until the end of 2027.