#VietnamCryptoPolicy

Vietnam is making significant strides toward formalizing its digital asset ecosystem with a controlled, thoughtful approach. As of early 2025, the Ministry of Planning and Investment (MPI) proposed piloting cryptocurrency exchanges within special financial zones—specifically in Ho Chi Minh City and Da Nang—to be operational by 2025 under a fintech ‘sandbox’ model . Parallel efforts by the Ministry of Finance and the State Bank of Vietnam aim to draft a comprehensive legal framework for crypto assets by March 2025, focusing on risk mitigation, AML/CTF measures, licensing, and cybersecurity standards . With over 17 million Vietnamese crypto holders—placing Vietnam among the top countries for crypto adoption—and nearly US $1.2 billion in 2023 trading gains, the urgency is clear . These pilots and regulations signal a shift from the current grey area toward clearer definitions, investor protection, and integrating crypto into the formal economy. The success of this initiative could turn Vietnam into a regional crypto hub and unlock new financial innovation. #VietnamCryptoPolicy