Preparations underway for significant wave of crypto regulations in Vietnam
Vietnam Embraces Crypto Regulation: A Stepping Stone Towards Regional Blockchain Hub Status
Vietnam is making strides in the world of cryptocurrency, positioning itself as one of the top adopters of digital assets. Estimates suggest that between 20-30% of the population has engaged in trading cryptocurrencies, with tens of billions of USD circulating in the market.
Recognising the potential of this burgeoning industry, the government of Vietnam issued Resolution 05/2025/NQ-CP on September 9, 2025, to establish a legal framework for cryptocurrency. This move could potentially transform Vietnam into a major blockchain hub in the region, if executed well.
The resolution aims to limit rampant fraud schemes that have plagued the market, with thousands of billions of VND evaporating through fraud cases in 2024. It also allows "token exports", enabling Vietnamese blockchain projects to sell tokens to foreigners, legally bringing foreign currency into the country.
With licensed exchanges, all transactions will be properly recorded, providing tax clarity for investors. This resolution is seen as a necessary stepping stone for sustainable development, learning from countries like South Korea, Hong Kong, and Singapore that have successfully regulated crypto.
An expert from 5 Minutes Crypto, whose name could not be verified in the provided search results, believes that this resolution is a significant step towards establishing a secure and transparent crypto market in Vietnam. The expert highlighted the importance of regulation in preventing fraud and ensuring investor protection, as well as the potential for Vietnam to become a regional leader in blockchain technology.
The pressure to act is mounting, with neighbouring countries like Thailand, Singapore, and even Laos building their own crypto legal frameworks. Vietnam's move towards regulation is a response to this regional trend, positioning the country to compete in the rapidly evolving digital asset market.
As Vietnam navigates this new landscape, it is expected that the country will continue to refine its regulatory framework to strike a balance between fostering innovation and protecting its citizens. The road ahead may be challenging, but with a clear regulatory path, Vietnam stands to reap the benefits of a thriving crypto market.
Read also:
- Quantum Computing Market in the Automotive Sector Forecast to Expand to $6,462.13 Million by 2034
- List of 2025's Billionaire Video Game Moguls Ranked by Fortune
- VinFast Accelerates Globally, Leveraging Vingroup's Technological and Financial Foundation
- Transformation of Decarbonization Objectives in the Iron Ore Pellets Sector
