Vietnam pilots licensing for 5 digital asset exchanges

Vietnam is preparing for an important strategic move: piloting the licensing of about 5 digital asset exchanges. The goal is to create a new fundraising channel, enhance transparency, and connect the domestic market with international liquidity. #Vietnam

Importance and potential

Legalizing the market: This is the first time Vietnam has implemented a pilot legal framework for digital asset exchanges, moving trading activities from the "gray" area to officially regulated.

Attracting investment capital: Licensed exchanges will be able to list popular assets such as $BTC , $ETH , USDT, and even tokenized assets (RWA). This will not only serve domestic investors but also attract funds from international institutions.

The involvement of "big players": Large financial groups such as #SSI , TCBS, and especially MB Bank (in partnership with Upbit from South Korea) have shown interest, indicating that this is a serious and high-potential playing field.

Criteria and roadmap

Exchanges wishing to participate must meet strict criteria, including a minimum actual capital contribution of 10 trillion VND, complex ownership structure (at least 65% owned by organizations, with 35% from specific financial/technology groups). The foreign ownership ratio must not exceed 49%.

The Ministry of Finance will soon announce the criteria and submit to the Government for issuing a decree, expected in August. If this pilot program is successful, Vietnam could position itself as a rising digital asset hub in the region, combining safety, transparency, and competitiveness. #anh_ba_cong