#VietnamCryptoPolicy Here is an overview of the current situation:
🇻🇳 Regulatory policy regarding cryptocurrencies in Vietnam
1. Regulations and legal frameworks
In March 2025, the Minister of Finance along with the central bank was instructed to prepare comprehensive regulations recognizing cryptocurrencies as assets, not legal tender, which will enable their control and legal use.
Earlier (March 2024), the government initiated the creation of legal frameworks to combat money laundering in the context of cryptocurrencies.
2. Cryptocurrency exchange pilot
The governmental fintech "sandbox" planned the pilot of the first cryptocurrency exchange in March 2025, covering financial centers in HCM and Da Nang, aimed at improving the transparency and security of transactions.
The Finance Minister proposed starting transactions in July 2026, but he himself noted the need for deeper consultations and synchronization with other institutions (e.g., SBV).
3. Strategic context and state engagement
Prime Minister Phạm Minh Chính promotes the policy of integrating digitization and blockchain technology with the economy – the emphasis on GDP growth (+8% by 2025) requires the use of financial technology and blockchain.
The Blockchain and AI Academy (ABAII) was established, aimed at education in web3 and digital technologies.
4. Market and taxes
Currently, cryptocurrencies are not a legal means of payment, but they can be treated as assets — trading them is not prohibited.
About 17 million Vietnamese own cryptocurrencies, and annual turnover exceeds 100 billion USD — significant tax potential, e.g., with a 0.1% tax, it could bring in over 800 million USD annually.
Currently, there is a lack of formal category and clear regulations regarding taxation, leading to a gray area; bank transactions may be taxed as one-time income.
🔍 Key points
Area Status
Legal regulations In preparation, aiming to complete in March 2025
Exchange pilot Start: March 2025; possible start of transactions: July 2026