Crypto & Digital Assets - Vietnam

DevelopingLaw on Digital Technology Industry 2025 (effective 1 Jan 2026) + Government Resolution 05/2025/NQ-CP (9 Sep 2025) establishing a 5-year crypto-asset market pilot, operationalized by Ministry of Finance Decision 96/QĐ-BTC (20 Jan 2026); licensing administered by the State Securities Commission under the Ministry of Finance.

Vietnam has moved from a legal grey zone to a controlled, in-force pilot regime: the Law on Digital Technology Industry recognizes crypto/digital assets as property in statute (while excluding them from legal-tender/payment use), and Resolution 05/2025 plus Decision 96 created a 5-year pilot (2025–2030) under which crypto-asset trading, custody and related services must be performed by providers licensed by the Ministry of Finance/State Securities Commission. The licensing window opened on 20 January 2026, with crypto exchanges regulated as market infrastructure akin to securities exchanges, and an initial screening round in March 2026 cleared five applicants (bank affiliates of Techcombank, VPBank, LPBank, plus VIX Securities and Sun Group).

Machine-assisted translation · verified 5/23/2026 · orientation, not legal advice. English version →