#VietnamCryptoPolicy

Vietnam's cryptocurrency policy is evolving rapidly as the country seeks to harness blockchain technology's potential while addressing associated risks. In October 2024, the government introduced the National Blockchain Strategy for 2024–2030 (Decision No. 1236/QĐ-TTg), aiming to establish Vietnam as a regional blockchain leader by 2030. The strategy includes goals such as developing 20 blockchain brands, establishing at least three blockchain testing centers, and positioning Vietnamese institutions among Asia's top 10 for blockchain research and training .

To support these objectives, the government is drafting comprehensive regulations for digital assets. Prime Ministerial Directive No. 05/CT-TTg, issued in March 2025, directs the Ministry of Finance and the State Bank of Vietnam to develop a legal framework for digital assets by March 2025 . Additionally, the Draft Law on Digital Technology Industry and the Draft Crypto Pilot Resolution are under consideration, aiming to regulate cryptocurrency exchanges and related services through controlled sandbox programs .

Despite these efforts, challenges remain. Cryptocurrency transactions are not recognized as legal tender, and the lack of clear regulations has led to concerns about investor protection and financial stability . Nevertheless, Vietnam's proactive approach indicates a commitment to integrating digital assets into its economic framework while mitigating potential risks.