#越南加密政策 Vietnam Central Bank Digital Currency (CBDC) R&D Progress

The State Bank of Vietnam started the research and development of the digital Vietnamese dong (e-VND) in 2021, with plans to conduct a small-scale pilot in 2024. Unlike cryptocurrencies, e-VND will be completely issued and controlled by the central bank, adopting a two-tier operating system. The pilot phase will focus on retail payment scenarios, including QR code payments and P2P transfers. Experts point out that the main purpose of Vietnam's CBDC development is to enhance payment efficiency, rather than to replace the existing cryptocurrency market.