#VietnamCryptoPolicy

Vietnam is rapidly transitioning from a crypto grey zone to a regulated experimental phase. The Ministry of Finance, directed by PM Phạm Minh Chính, must establish a legal framework on crypto assets by May 2025 to combat money laundering and terrorism financing. Starting March 2025, Vietnam will pilot a licensed crypto exchange sandbox in financial centres like HCM City and Đà Nẵng, with official exchange operations planned to begin in March 2025. The upcoming Digital Technology Industry Law and draft crypto pilot resolution foresee a controlled market trial through December 2027. Meanwhile, cryptocurrencies remain non-legal tender, but trading and holding are permitted.