#VietnamCryptoPolicy
Vietnam's Policy on Digital Currencies (until 2025)
Digital currencies are not recognized as a legal means of payment.
There is currently no clear legal framework to regulate the trading or ownership of digital currencies.
Many Vietnamese citizens use digital currencies despite the lack of regulation, exposing themselves to risks such as fraud and manipulation.
2. Government Steps
The Vietnamese Prime Minister directed in March 2025 to create a comprehensive legal framework for digital assets.
This includes:
The Digital Technology Industry Law (DTI Law) to define and regulate digital assets.
A financial center decision to establish special financial zones for trading digital currencies.
A pilot program for digital currencies until the end of 2027 to test the regulation of this sector.
3. Sandbox Initiatives
Launch of regulatory test environments (Sandboxes) by mid-2026.
Goal: Allow startups to operate under government supervision to experiment with digital currency solutions without putting the market at risk.
4. Market Context
Vietnam is one of the top countries globally in adopting digital currencies.
The number of digital currency holders in Vietnam is estimated to be around 17 million people.
The country witnessed financial flows from digital currencies amounting to 120 billion dollars in 2023.
5. Future Direction
The government is moving towards officially regulating digital assets by 2026.
The goal is to balance technological innovation with the protection of investors and the national economy.
