#VietnamCryptoPolicy Vietnam is rapidly shaping a legal framework to regulate cryptocurrencies. In March 2025, the Ministry of Finance and State Bank submitted a proposal to pilot a licensed crypto trading platform, aiming for government approval and a sandbox to launch by year‑end . As of now, crypto trading and holding are permitted, but using cryptocurrencies as payment remains illegal . The 2024–2030 National Blockchain Strategy and Prime Minister’s Directive 05/CT‑TTg underscore Vietnam’s ambition to foster blockchain while managing risks via controlled experimentation . Draft laws define digital assets, licensing requirements, and a pilot period through 2027 . Policymakers hope this approach boosts economic growth, attracts investment, and generates tax revenue—around US $800 million annually from a modest 0.1% transaction levy .