Vietnam aims to launch its first regulated crypto market by Q3 2026 under a new digital asset framework.
Crypto News
Vietnam's Deputy Minister of Finance Nguyen Duc Chi says the country could see the first official activity in its regulated crypto asset market as early as the third quarter of 2026. Chi made the remarks at the Digital Trust in Finance 2026 forum on May 12, according to VnEconomy.
"We believe that, as early as the third quarter, Vietnam could witness the first official activities of its crypto asset market, operating under a framework designed to ensure safety and transparency," Chi said. The comments follow regulators opening a licensing pathway for domestic crypto asset trading platforms earlier this year.
The push is part of Vietnam's broader digital economy strategy, which targets a digital economy worth at least 30% of gross domestic product by 2030. The plan also calls for 80% of transactions to be conducted cashlessly and for more than 40% of enterprises to be involved in innovation activities.
In March, five Vietnamese companies reportedly passed the initial qualification round to launch the country's first regulated cryptocurrency exchange. The group included affiliates of private banks Techcombank, VPBank, and LPBank, alongside stockbroker VIX Securities and conglomerate Sun Group.
Vietnam drafted a tax framework in February that would treat crypto transactions similarly to traditional securities trading, proposing a 0.1% individual tax on each transaction processed through a licensed provider. The country also launched a five-year crypto pilot in September 2025, requiring all transactions to be conducted in Vietnamese dong through locally registered companies.
Despite the regulatory progress, most traders in Vietnam still rely on offshore exchanges for their activity. Vietnam ranked fourth in Chainalysis' 2025 Global Crypto Adoption Index, behind India, the United States, and Pakistan.
Vietnam also ranked third in Asia in terms of on-chain value received, with an estimated $200 billion in transactions over the 12 months to June 2025, behind India and South Korea. The upcoming regulated market framework is designed to bring more of that #trading activity onto domestic, supervised platforms.
This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice. The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.
