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Cryptocurrency is not legal tender in Vietnam.
The State Bank of Vietnam has explicitly stated that issuing, supplying, or using crypto as a means of payment is illegal. Violations carry administrative fines of VND 150–200 million (US $6,200–8,300) or criminal charges if more serious today
However, trading or holding crypto is not banned.
It is treated as a “virtual good” or asset, allowing trading activity—typically via international exchanges or peer-to-peer platforms—but without legal protection or domestic oversight.