By the second quarter at the latest, Vietnam plans to establish a 'sandbox' for digital assets, considering setting up a cryptocurrency exchange. The Prime Minister has assigned the Ministry of Finance and the Ministry of Science and Technology to develop policies and regulations regarding digital assets and a controlled experimental mechanism (sandbox), which must be completed by the end of the second quarter. This directive was mentioned by Prime Minister Pham Minh Chinh at the Government Standing Committee meeting with small and medium-sized enterprises in Vietnam, which took place on the afternoon of February 27.

Previously, the head of the Government had tasked the Ministry of Finance with drafting a decree to manage encrypted assets as well as digital assets to support and facilitate those in need. This may include an exchange for conducting transactions in digital assets and encrypted assets. In relation to this content, at the meeting, Minister of Finance Nguyen Van Thang confirmed that they are actively implementing and will present it to the relevant levels as soon as possible. Deputy Minister of Information and Communications Pham Duc Long stated that the experimental mechanism (sandbox), digital assets, and other new technologies have been incorporated into the draft Law on Digital Technology Industry.

A few days ago, General Secretary To Lam also issued urgent directives regarding digital currency during a working session with the Central Policy and Strategy Committee, requiring that no delays occur, no opportunities be lost, and no gaps or distinctions be created with new financial forms as well as modern transaction methods./.

According to DFF: https://dff.vn/thu-tuong-yeu-cau-hoan-thien-quy-dinh-ve-tai-san-so-trong-quy-2-p20250227233308804.html