#VietnamCryptoPolicy 🇻🇳 Vietnam’s Crypto Policy: From Uncertainty to Regulation

📌 Current Status

Crypto cannot be used for payments—doing so can result in fines (150–200 million VND).

Trading and holding crypto is allowed but still lacks a clear legal framework.

🗓️ Policy Evolution Timeline

2017–2021:

Crypto banned for payments, but ownership and peer-to-peer trading continued in a legal grey zone.

2022:

Vietnam Blockchain Association formed to support regulatory development.

FATF greylisting triggered urgency in improving AML/CTF standards.

2023–2024:

National Blockchain Strategy 2024–2030 launched.

Decision 194/QĐ-TTg (Feb 2024) set May 2025 as the deadline for crypto regulation proposals.

📍 Key Developments in 2025

MoF proposed a pilot crypto exchange, resolution expected in early 2025.

MoF & MoST directed to finalize sandbox rules by Q2 2025, with pilots launching in 2026.

Draft laws in motion:

Digital Technology Industry (DTI) Law – defines digital assets and outlines sandbox operations.

Financial Centre Resolutions – allow digital asset trading in cities like HCMC and Đà Nẵng.

Crypto Pilot Resolution – aims to regulate crypto trading, issuance, and custody through 2027.

💰 Taxation & Compliance

Authorities reviewing capital gains and transaction-based taxes (potential 0.1% trading fee).

Enhanced AML and CTF compliance will be built into sandbox and licensing rules.

🧭 Outlook

Period Focus Impact

2025–mid 2026 Legal drafting, sandbox rules Encourages safe innovation in fintech

Mid 2026–2027 Sandbox pilot programs Allows real-world testing in regulated environments

Post 2027 Full regulatory rollout Brings legal clarity, supports institutional growth

📈 Bottom Line:

Vietnam is shifting from a regulatory grey zone to a formal crypto framework. With sandbox pilots, clearer laws, and city-based trading hubs on the horizon, the country is positioning itself to become a regulated and innovation-friendly crypto market by 2027.