#VietnamCryptoPolicy 🇻🇳 Cryptocurrency Policy in Vietnam – June 2025
1. Regulatory Framework in Development
Prime Minister Phạm Minh Chinh has instructed the Ministry of Finance and the Central Bank (SBV) to present a legal framework on digital assets before March 13, 2025.
The Law on Digital Technology Industry is expected to be approved in May 2025, which will include definitions for crypto assets and establish bases for their regulation.
2. National Blockchain Strategy
The Blockchain Strategy 2024-2030 (Decision 1236/QĐ-TTg) was launched in October 2024, promoting innovative use and controlled testing through sandboxes.
The creation of regulatory pilots (crypto banks and exchanges) is tentatively scheduled for between 2026 and late 2027.
3. Pilots and Sandbox
A sandbox for digital asset exchanges is expected to launch in 2026, in collaboration with Bybit and supervised by the Ministry of Finance.
A pilot program is also underway to approve licenses for crypto service providers such as exchanges, custodians, and stablecoin issuers.
4. Current State of the Market
The SBV prohibits the use of crypto as a means of payment, although possession and trading are allowed.
About 17 million Vietnamese own crypto assets (~17% of the population), and the country ranks among the top 5 globally in adoption.
However, there remains significant legal uncertainty: there is a lack of investor protection, AML/KYC regulation, and oversight on international exchanges.
5. Risks and Objectives
Marked concerns about money laundering, terrorist financing, and cyber fraud.
The main goals: attract investment, formalize the market, fiscal control (discussions of rates up to 0.1%), and position Vietnam as a blockchain hub.