#VietnamCryptoPolicy Vietnam’s Crypto Revolution: What You Need to Know

1. Draft Legal Framework by March 2025

Prime Minister Phạm Minh Chính has directed the Ministry of Finance and State Bank of Vietnam to draft a legal framework for virtual and digital assets—covering issuance, trading, exchange licensing, and AML—by March 2025 .

2. Crypto Trading Pilot Launching Soon

Vietnam is piloting a government-endorsed digital asset exchange, expected to begin operations by end of March 2025, under a controlled sandbox licensing model .

3. Defined Pilot Phase: 2025–2027

A new Crypto Pilot Resolution (effective until Dec 31, 2027) outlines a clear structure for crypto service providers—covering exchanges, custody, and issuance .

4. National Blockchain Strategy 2024–2030

Under Decision 1236/QĐ‑TTg (Oct 2024), Vietnam aims to build blockchain innovation hubs and brands, supported by regulatory sandboxes and legal clarity .

5. Tax & AML Considerations

Vietnam is exploring a low-rate transaction tax (≈0.1%) plus licensing fees for exchanges. These moves are aimed at generating revenue (potentially ~$800M/year) while combating money laundering .

6. High Crypto Adoption & Risk Management

With 17 million holders (~17% of the population) and global Chainalysis ranking (top 5–7 countries), Vietnam emphasizes investor protection, AML oversight, cybersecurity, and licensing control of exchanges