#VietnamCryptoPolicy Vietnam is transitioning from a regulatory grey zone to a clearly regulated crypto environment, driven by financial oversight needs and emerging digitalization priorities. The next 6–12 months are pivotal, as laws are enacted and sandbox pilots begin.

Regulatory Evolution

1. Legal Framework Underway

In February–March 2025, the Prime Minister and government agencies (Ministry of Finance, State Bank, Ministry of Justice, etc.) were tasked with drafting and finalizing a comprehensive crypto legal framework by May 2025.

This framework is aimed at regulating or potentially restricting virtual assets to curb money laundering, terrorist financing, and capital flight.

2. Pilot ‘Sandbox’ Programs

Part of these reforms include sandbox initiatives: a fintech sandbox under the Digital Technology Industry Law and a pilot crypto‑asset trading platform slated to run from mid‑2026 to end‑2027. A digital asset exchange pilot was expected to begin by end‑March 2025