#VietnamCryptoPolicy 🇻🇳 1. Cryptos Illegal as Payment, But Trading Allowed

Cryptocurrencies (BTC, ETH, stablecoins) are not recognized as legal tender—using them for goods/services can lead to fines from ₫150–200 million VND or even criminal charges .

However, holding and trading crypto remains permitted—so long as it isn't used as a payment tool .

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2. Developing a Formal Legal Framework

Vietnam is working on a comprehensive regulatory structure:

Draft Digital Technology Industry Law (DTI Law): Introduces formal definitions of digital/digital‑asset categories, with plans to implement via a sandbox model—anticipated by National Assembly’s May 2025 session .

Draft Financial Center Resolution: Envisions allowing licensed “transaction floors” within regional financial hubs, including crypto under sandbox testing .

Draft Crypto Pilot Resolution: Seeks to roll out a pilot market for issuance, trading, custody, and transactions of crypto assets through end‑2027 .

Prime Minister’s directive (Mar 2025): Ministry of Finance & State Bank asked to finalize a digital‑assets framework by March 13, 2025 .