#VietnamCryptoPolicy

🏛️ 1. No Legal Tender, But Trading Allowed

Vietnam’s State Bank has confirmed that cryptocurrencies like Bitcoin cannot be used as legal payment, but holding and trading are not banned

📜 2. Drafting and Piloting Regulations

2024: PM Phạm Minh Chính ordered the Ministry of Finance (MoF) and State Bank of Vietnam (SBV) to draft a unified legal framework for digital assets and explore sandbox pilots in fintech hubs .

March–May 2025: MoF teamed with SBV and other ministries to create a crypto framework, and MI с drafted Law on Digital Technology Industry (DTI Law), expected to be tabled to the National Assembly in May 2025 .