At the regular Government press conference for July 2025 held on the afternoon of August 7, Deputy Minister of Finance Nguyen Duc Chi provided information on the pilot implementation of crypto-asset transactions in Vietnam.
According to Deputy Minister Nguyen Duc Chi, this is a very new and difficult field, not every country accepts and allows trading of this type of asset. Therefore, the Ministry of Finance has carefully studied international experience, assessed the current situation of crypto-asset trading by Vietnamese citizens and consulted experts.
"Currently, the Ministry of Finance has basically completed the project in all aspects and reported to the Government. The Government is also very cautious and has reported to the Politburo to request approval for the pilot project," said the Deputy Minister.
Deputy Minister of Finance Nguyen Duc Chi.
It is expected that after the conclusion of the Politburo , the Ministry of Finance will complete and submit to the Government for promulgation of relevant regulations so that the pilot crypto-asset trading market can begin in August, or later in September 2025.
Regarding licensing of trading floors, the Ministry of Finance will clarify the criteria, conditions and standards on information technology, processes, financial capacity and expertise of participating organizations. These conditions will be made public and transparent for consideration and selection.
"In the Ministry of Finance's proposed proposal, we will encourage the private economic sector to participate in this work, in accordance with the Party's policy in Resolution 68 on private economic development. This is a new and creative field, requiring dynamism, so we aim to encourage it," Mr. Chi affirmed.
To ensure competition, during the pilot period there will be more than one licensed exchange, but there will not be too many to facilitate future evaluation.
Previously, in March, the Ministry of Finance submitted to the Government a draft resolution on piloting the issuance and trading of crypto assets, which proposed a coordination mechanism between management agencies such as the Ministry of Finance, the Ministry of Public Security and the State Bank.
The pilot implementation is expected to help management agencies research and thoroughly evaluate feasibility, while minimizing illegal acts such as money laundering and terrorist financing, protecting investors and creating the premise for a transparent, safe and sustainable financial market.
According to experts, Vietnam - a populous country with a growing technology platform and a dynamic startup community, the delay in building institutions for crypto assets will mean missing out on a series of economic models that are changing the global order.
By mid-2025, the global crypto asset market will surpass the $2 trillion mark. Many countries such as Singapore, China, Europe, etc. are piloting the issuance of national digital currencies (CBDC), demonstrating their determination to control the flow of new value in the digital space.
Source: https://doanhnghiepvn.vn/chuyen-doi-so/khuyen-khich-khu-vuc-tu-nhan-tham-gia-san-giao-dich-tai-san-ma-hoa/20250807052717156
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