#VietnamCryptoPolicy

Vietnam’s crypto policy is rapidly evolving toward formal regulation. In early 2025, Prime Minister Phạm Minh Chính directed the Ministry of Finance and State Bank to draft comprehensive digital‑asset laws, aiming for completion by March–May 2025 . Key initiatives include a crypto‑asset pilot resolution running until end‑2027, legal definitions for digital assets and service providers, and establishment of sandbox environments for regulated trading . Meanwhile, cryptocurrencies remain banned as payment but permitted for trading and holding . The government also plans to introduce taxation—potentially a small transaction tax and capital gains tax—to generate revenue and curb illicit use . By 2027, Vietnam aims to roll out a fully regulated crypto market.