Vietnam's Deputy Minister of Finance, Nguyen Duc Chi, announced at the "Digital Trust in Finance 2026" forum that a regulated crypto asset market could begin operations in the third quarter of 2026. This step is part of Vietnam's strategy to bring one of Asia's most active crypto markets under official oversight. This is reported by according to Cointelegraph.com.
The government has established a licensing process for crypto asset trading and aims to develop the digital economy. According to the plan, by 2030, the country's digital economy is expected to account for at least 30% of GDP, with 80% of transactions conducted cashless.
In March of this year, five major companies, including subsidiaries of organizations such as Techcombank, VPBank, and Sun Group, passed the initial screening to open the country's first licensed crypto exchange. The government also plans to introduce a 0.1% tax system for crypto operations, similar to traditional securities trading.
According to Chainalysis, Vietnam ranks fourth globally in crypto adoption. Currently, the country's traders primarily use foreign platforms such as Binance, OKX, and Bybit, but the new regulatory mechanisms will serve to shift this activity to local jurisdiction.
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