On the afternoon of October 5, at the regular Government press conference, Deputy Minister of Finance Nguyen Duc Chi provided the latest information on the number of enterprises proposing to pilot crypto-asset transactions, and the expected time when the first enterprise will be licensed and approved.
Deputy Minister of Finance Nguyen Duc Chi. (Photo: VGP)
Mr. Chi said that after the Government issued Resolution No. 05/2025 (on the pilot implementation of the crypto asset market in Vietnam), the Ministry of Finance developed a detailed plan for implementation, focusing on developing detailed decrees to be able to pilot the crypto asset trading market.
The Ministry of Finance has assigned units to draft tax, fee and charge policies for crypto-asset transactions; at the same time, develop accounting regulations applicable to businesses and related entities. In particular, the Ministry is developing a coordination regulation with the Ministry of Public Security and the State Bank to serve the process of reviewing, licensing and approving activities in this field.
" Up to now, the Ministry of Finance has not received any official requests from businesses. We have information that some businesses are preparing for this, such as registering business lines to participate in the crypto-asset market. Businesses also met at the technical level with officials of the Ministry of Finance to discuss information technology, business processes, capital capacity... and the officials provided information so that businesses have the fastest and most accurate information for ministries and branches to consider and grant licenses for crypto-asset transactions ," said Mr. Chi.
Regarding the specific number, the Deputy Minister of Finance expects that many businesses will be interested but only a maximum of 5 businesses will be licensed according to the pilot regulations.
He said relevant parties are making efforts to deploy as quickly as possible to soon have the first businesses licensed and operating in this field in the market.
" We really hope to push it earlier than 2026. However, this depends on whether businesses can prepare the conditions to meet the requirements or not. Hopefully, with close coordination between businesses and functional units of the Ministry of Finance, we will be able to push this progress sooner ," the leader of the Ministry of Finance emphasized.
Source: https://vtcnews.vn/bo-tai-chinh-chua-nhan-duoc-de-xuat-cua-doanh-nghiep-ve-thi-diem-tai-san-ma-hoa-ar969413.html
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