Vietnam has taken a historic leap into the digital future. With Resolution 5/2025/NQ-CP now passed, the country is set to launch its first regulated digital asset exchange—marking a turning point in financial innovation.
To help you navigate what this means, we’ve summarized 5 key highlights from the Resolution:
1️⃣ Five-Year Pilot Program – Launching September 2025, operating under pilot rules until a formal framework is in place.
2️⃣ Transaction Controls – All trades must be in VND; sanctions apply after a 6-month grace period if domestic investors do not transact on a licensed platform.
3️⃣ Strict Licensing Criteria – Exchanges must be Vietnamese-incorporated, have a charter capital of at least VND 10,000bn (USD380m), and comply with ownership cap and expertise requirements.
4️⃣ Investor Protection – Full KYC, segregation of client assets, AML/CFT measures, and mandatory monthly reporting.
5️⃣ Token Issuance Conditions – Only Vietnamese companies can issue tokens; tokens must be asset-backed and can only be offered/traded among foreign investors.
💡 While much remains to be seen in terms of execution, this is a transformative step that puts Vietnam firmly on the map of the global digital asset economy.
