#VietnamCryptoPolicy

Is Vietnam considering relying on or investing in cryptocurrencies?

Vietnam does not plan to use cryptocurrencies as official currency, but it does promote their regulation and investment. Although their use as a means of payment is prohibited, trading them is allowed. In 2025, it will launch a state-regulated pilot exchange to control transactions and protect investors. It is also developing a National Blockchain Strategy until 2030, with financial 'sandboxes' in key cities. Vietnam leads in crypto adoption in Asia and seeks to leverage this trend to attract investment, raise taxes, and prevent fraud. The country aims to integrate cryptocurrencies safely, balancing technological development, economic growth, and state control over this new sector.